Cdfm Module 1, 2014

Front 1

In ______ the Articles of Confederation were Ratified.

a. 1781
b. 1788
c. 1789

Back 1

1781

Front 2

When did the Constitution take effect?

Back 2

March 4, 1789

Front 3

When was the constitution ratified _____ and by how many states_____?

Back 3

June 1788, 9

Front 4

What are the three branches of the U.S. Government?

Back 4

Legislative, Executive, Judicial

Front 5

What powers does the Legislative Branch have?

Back 5

Raises taxes, borrow money, regulate commerce, conscript forces, declar war, raise & support armies

Front 6

What power does the Judicial Branch have?

Back 6

Interpret laws, Supreme Court

Front 7

How does legislation originate?

Back 7

Three ways: President recommends, Members introduce it; and Committees introduce it.

Front 8

Where does the legislative proposals originate?

Back 8

House or Senate

Front 9

What can a President do with a Bill?

Back 9

Approve and sign; doesn't sign but allows to become law; Pocket Veto; and Veto

Front 10

What are the Phases of the Budget Cycle?

Back 10

Budget Formulation; Congressional Action; Budget Execution; Performance Review and Audit

Front 11

What is OMB Circular A-11?

Back 11

Establishes the format for the budget and guidance for submitting budget estimates.

Front 12

What is "The Budget of the United States Government"?

Back 12

same as the Presidents Budget

Front 13

What happens when the President signs an appropriations Bill?

Back 13

After an appropriation bill becomes law, it provides budget authority - the legal authority to incur obligations and make payments out of the Treasury for specified purposes.

Front 14

Budget execution starts with ________.

Back 14

Issuance of treasury warrant

Front 15

The issuance of Appropriation Warrants are the _____ ______ action taken after the President signs the bill into law.

Back 15

1st legal

Front 16

SF-133 are reported _____ to the Office of Management and Budget (OMB).

Back 16

quarterly

Front 17

The six major steps of the Budget formulation are:

Back 17

OMB'S guidance, organization develops draft, agency submits to OMB, OMB reviews, President takes action, sent to Congress

Front 18

The law requires that on or after the 1st Monday in January but no later than the 1st Monday in _____ the President must submit to Congress the proposed budget for the next fiscal year (FY).

Back 18

February

Front 19

_______ are the totals included in the budget for budget authority, outlays, and receipts. Off- Budget totals reflect the transactions of govt. entities that laws exclude from on-budget totals.

Back 19

Budget Totals

Front 20

Within ___ days of appropriation, each agency negotiates it's apportionments.

Back 20

10

Front 21

Individual Income taxes account for approximately ___ of the total US revenues.

Back 21

48%

Front 22

_______ is the administrative reservation of funds in anticipation of a future obligation.

Back 22

Commitments

Front 23

The ________ divided spending into two major categories ______ and ______.

Back 23

1990 Budget Enforcement Act, mandatory and discretionary

Front 24

The ______ revised sequestration procedures from fixed to adjustable targets.

Back 24

1987 Balanced Budget and Emergency Deficit Control Reaffirmation Act

Front 25

The _______ established deficit reduction goals aimed at a balanced budget and established sequestration procedures when agency budgets exceeded limits.

Back 25

1985 Balanced Budget and Emergency Deficit Control Act

Front 26

____ refer to the time when the government check is cashed and money is withdrawn from the US Treasury.

Back 26

Outlays

Front 27

A/An _______ results from orders placed, contracts awarded/signed services received or similar transactions. This is the legal reservation of funds.

Back 27

obligation

Front 28

______ is the amount by which the Government budget outlays exceed its budget receipts for any given period.

Back 28

Budget deficit

Front 29

____ is the authority provided by Congress in an Appropriations Act. It is the authority to enter into obligations.

Back 29

Budget Authority

Front 30

The _____ power of the United States rests with one Supreme Court and in such inferior Courts as Congress may ordain from time to time.

Back 30

Judicial

Front 31

What prevents the Congress and the President from unilaterally making laws and treaties?

Back 31

SEPARATION OF POWERS

Front 32

All bills for raising ________ shall originate in the ____________, but the _________ may propose or concur with amendments as on other bills.

Back 32

Revenue / House of Representatives / Senate

Front 33

Who has the power to make treaties, appoint Ambassadors, other public ministers and Consuls, Judges of the Supreme Court, and all other officers of the U.S.

Back 33

The President (Executive Branch)

Front 34

Who creates the federal court system and other inferior courts?

Back 34

Congress: has the power to constitute tribunals inferior to the Supreme Court

Front 35

No money may be drawn from the __________, but in Consequence of ______________ made by Law.

Back 35

Treasury / Appropriations

Front 36

__________ is a shift of funds from one purpose to another within the same appropriation.

Back 36

Reprogramming

Front 37

When does Congress convene?

Back 37

For 2 years following the November election. It consists of 2 sessions, each 1 year in duration.

Front 38

What is a bill?

Back 38

A legislative proposal of a general nature.

Front 39

A measure is ready for consideration by the full Chamber after it has been reported by __________. It may be brought to the ________ directly. The consideration of a measure may be governed by a _______.

Back 39

A committee / Floor / "rule"

Front 40

Engrossed Bill

Back 40

What a bill is called after passing only one body (House or Senate).

Front 41

Conference Committees

Back 41

Resolve differences between the House and Senate.

Front 42

Conference Committees are often called ___________ of the Congress.

Back 42

The Third Chamber

Front 43

True/False: Conference Committees can only deal with matters in disagreement.

Back 43

True

Front 44

Enrolled Bill

Back 44

What a bill is called after it has been passed in IDENTICAL form by BOTH the House and the Senate.

Front 45

The budget formulation process is governed by ________?

Back 45

OMB Circular A-11

Front 46

There are ____ appropriations bills passed each year.

Back 46

13

Front 47

The terms for members of the legislature are ___ for the ___ and ____ for the ___.

Back 47

2 years, House, 6 years Senate

Front 48

The 1st paragraph of the Constitution is called the _____.

Back 48

Preamble

Front 49

The Federal budget represents Approximately ____ of the Gross domestic Product (GDP).

Back 49

1/5

Front 50

Social Security taxes accounts for approximately ____ of the total US revenue.

Back 50

34%

Front 51

The resources used by the Federal Government to pay it bills comes mostly from____.

Back 51

Individual taxes

Front 52

The Instructions on Budget Execution, can be found in _______.

Back 52

OMB Circular A-34

Front 53

The total of all direct ____ spending is ___ and ____ spending is ____.

Back 53

Mandatory, 65%, discretionary, 35%