Budget Execution - FMF1136 (100% Verified Answers)
Out of the two recommendations that the President makes in the budget request, which one becomes the basis for an Appropriation Act? correct answers Spending recommendations
Authorization Act correct answers An act of Congress that establishes or continues individual programs and establishes the rules for how they will operate. Authorizing legislation can recommend the maximum amount to be subsequently appropriated for these programs, as well as
military end strength levels and training levels. It does not convey authority to obligate or expend
funds
Department of Defense (DOD) portion of the President's budget is referred to the Armed Services committees (House Armed Services Committee (HASC) and Senate Armed Services Committee (SASC)). correct answers DOD Appropriations Acts are typically effective for: correct answers One year
An "appropriation account" is commonly referred to as an "Appropriation Act."? correct answers
false. An appropriation account is commonly referred to as appropriation. An Appropriation Act is a statute that provides budget authority for Federal agencies to incur obligations and to make payments out of the US Treasury in specific amounts for specific purposes and within specified time frames
True or False? The "Purpose Statute" specifies that it is a fundamental principle of fiscal law that
an appropriation available for a definite period may be obligated only to meet the legitimate needs of the fiscal year for which the appropriation is made. correct answers False. The "Purpose
Statute", Section 1301(a) of Title 31 of the United States Code specifies, "Appropriations shall be applied to the objects for which the appropriations were made except as otherwise provided by law."
The Marine Corps' operation and maintenance is funded by: correct answers An annual appropriation. The Marine Corps' operation and maintenance is funded by an annual appropriation. Such items as equipment maintenance, civilian personnel pay, travel and transportation, training, consumable supplies, recruiting and advertising, base operation, facility maintenance and minor construction are funded through this appropriation
Are supplemental requests part of the regular budget cycle? correct answers No. Supplemental requests are not part of the regular budget cycle or authority; they are considered "out-of-cycle."
Put the organizations below in the correct funds flow order. correct answers 1) Congress
2) OMB
3) DOD
4) ASN (FM&C)
5) Responsible offices
6) PAO •After the President has submitted the budget, approval by Congress involves a two-track process for authorization (for legislative statutory changes and a funding outline approved) and appropriation (actual funds approved and any implementation guidance issued). •The authorization bill falls under the jurisdiction of the House and Senate Armed Services Committees, and the appropriation bills fall under the jurisdiction of the Appropriations Committees of both the House and Senate. •Authorizing legislation does not convey authority to obligate or expend funds. Such authority is contained in Appropriation Acts. correct answers •The final phase of the DON budget process entails the execution of appropriations by the DON after the President signs the authorization and appropriation bills. •DON appropriations can be annual (one-year), multi-year, no-year, or combination type accounts. •Certain operations of the DON are financed through the use of revolving funds, trust funds, non-
appropriated funds, and management funds correct answers •When an appropriation is not timely, the DON may receive funding through a Continuing Resolution Act, which limits spending to prior year levels, and may include other restrictions. correct answers •When an additional funding need based on an emergency or military contingency arises, DON may receive additional funding through a supplemental appropriation. correct answers •The basic funds flow for DON budget execution involves an apportionment from OMB to OSD,
a release of funds from OSD to DON, and an allocation from DON to its PAOs. correct answers Principal Administering Offices (PAOs) perform the primary execution role for implementing the plans detailed in DON budgets correct answers When is the President required to submit the annual budget to the Congress? correct answers The
President is required to submit the annual budget to the Congress on the first Monday in February.
The details of the budget accompanying the summary are known as: correct answers The details of the budget accompanying the summary, with each specific appropriation and fund broken down into major categories and line items providing program narratives and schedule and financial details, are known collectively as the Justification Exhibits (commonly called the "J books").
The final consolidated authorization bill is signed by the: correct answers The President signs the
final consolidated authorization bill.
Out of the two recommendations that the President makes in the budget request, which one becomes the basis for an Appropriation Act? correct answers Spending recommendations
Authorization Act correct answers An act of Congress that establishes or continues individual programs and establishes the rules for how they will operate. Authorizing legislation can recommend the maximum amount to be subsequently appropriated for these programs, as well as
military end strength levels and training levels. It does not convey authority to obligate or expend
funds
Department of Defense (DOD) portion of the President's budget is referred to the Armed Services committees (House Armed Services Committee (HASC) and Senate Armed Services Committee (SASC)). correct answers DOD Appropriations Acts are typically effective for: correct answers One year
An "appropriation account" is commonly referred to as an "Appropriation Act."? correct answers
false. An appropriation account is commonly referred to as appropriation. An Appropriation Act is a statute that provides budget authority for Federal agencies to incur obligations and to make payments out of the US Treasury in specific amounts for specific purposes and within specified time frames
True or False? The "Purpose Statute" specifies that it is a fundamental principle of fiscal law that
an appropriation available for a definite period may be obligated only to meet the legitimate needs of the fiscal year for which the appropriation is made. correct answers False. The "Purpose
Statute", Section 1301(a) of Title 31 of the United States Code specifies, "Appropriations shall be applied to the objects for which the appropriations were made except as otherwise provided by law."
The Marine Corps' operation and maintenance is funded by: correct answers An annual appropriation. The Marine Corps' operation and maintenance is funded by an annual appropriation. Such items as equipment maintenance, civilian personnel pay, travel and transportation, training, consumable supplies, recruiting and advertising, base operation, facility maintenance and minor construction are funded through this appropriation
Are supplemental requests part of the regular budget cycle? correct answers No. Supplemental requests are not part of the regular budget cycle or authority; they are considered "out-of-cycle."
Put the organizations below in the correct funds flow order. correct answers 1) Congress
2) OMB
3) DOD
4) ASN (FM&C)
5) Responsible offices
6) PAO •After the President has submitted the budget, approval by Congress involves a two-track process for authorization (for legislative statutory changes and a funding outline approved) and appropriation (actual funds approved and any implementation guidance issued). •The authorization bill falls under the jurisdiction of the House and Senate Armed Services Committees, and the appropriation bills fall under the jurisdiction of the Appropriations Committees of both the House and Senate. •Authorizing legislation does not convey authority to obligate or expend funds. Such authority is contained in Appropriation Acts. correct answers •The final phase of the DON budget process entails the execution of appropriations by the DON after the President signs the authorization and appropriation bills. •DON appropriations can be annual (one-year), multi-year, no-year, or combination type accounts. •Certain operations of the DON are financed through the use of revolving funds, trust funds, non-
appropriated funds, and management funds correct answers •When an appropriation is not timely, the DON may receive funding through a Continuing Resolution Act, which limits spending to prior year levels, and may include other restrictions. correct answers •When an additional funding need based on an emergency or military contingency arises, DON may receive additional funding through a supplemental appropriation. correct answers •The basic funds flow for DON budget execution involves an apportionment from OMB to OSD,
a release of funds from OSD to DON, and an allocation from DON to its PAOs. correct answers Principal Administering Offices (PAOs) perform the primary execution role for implementing the plans detailed in DON budgets correct answers When is the President required to submit the annual budget to the Congress? correct answers The
President is required to submit the annual budget to the Congress on the first Monday in February.
The details of the budget accompanying the summary are known as: correct answers The details of the budget accompanying the summary, with each specific appropriation and fund broken down into major categories and line items providing program narratives and schedule and financial details, are known collectively as the Justification Exhibits (commonly called the "J books").
The final consolidated authorization bill is signed by the: correct answers The President signs the
final consolidated authorization bill.
