Cdfm - Module 1 Part 4

Front 1

_______________________ prohibits President from withholding funds w/o sufficient reason.

Back 1

1974 Impoundment Control Act

Front 2

This slows money up temporarily.

Back 2

Deferral

Front 3

This is when the president requests the money be taken back.

Back 3

Recession

Front 4

If the president requests recession and congress _______ take action after ______ days the money must be made available to obligate.

Back 4

does not, 45

Front 5

_________requires a system of administrative control and _________ issues requirements for executive branch while ___________ issues DoD actions to implement.

Back 5

31 USC, A-127, FMR Vol 14

Front 6

Administrative Reservation of Funds are ____________.

Back 6

Commitments

Front 7

Commitment accounting is not required for ___________, _________, or ___________.

Back 7

O&M, Milpers, WCF

Front 8

Legal Reservation of Funds are __________________.

Back 8

Obligations

Front 9

__________ is a Fiduciary Certification and certifies ____, ________ and ___________.

Back 9

Contracting Officer Certification, Purpose, Time and Amount

Front 10

Signing a contract __________ the funds.

Back 10

obligates

Front 11

The certification that the payment request is legitimate is a ___________ certification.

Back 11

Pecuniary

Front 12

A pecuniary certification means the CO is ____________ liable for any improper payment.

Back 12

Personally

Front 13

Amount the Outlays exceed the receipts in a fiscal year is _________.

Back 13

Deficit

Front 14

Measure of government spending is _______________.

Back 14

Outlays

Front 15

Refers to receipts for specific programs such as Social Security and Post Office.

Back 15

Off Budget

Front 16

Refers to everything except those items deemed off budget.

Back 16

On budget

Front 17

Gross Domestic Product is ___% State, ____% Federal and ____% private

Back 17

11, 23, 66

Front 18

Sources of Federal Funding are __% Individual Taxes, __% SSI, ___ Corporate Taxes, __% excise Tax, and __% Other.

Back 18

43, 35, 13, 4, 5

Front 19

Discretionary spending is found in ____ ________ appropriations.

Back 19

12 annual

Front 20

Federal Spending is made up of ___% National Defense Discretionary, ___% Non-Defense Discretionary, __-% SS, ___% Medicaid, ___% other Mandatory, and ___% Net Interest.

Back 20

20, 16, 20, 14, 25 ,6

Front 21

This mandates the president to submit an annual budget and created GAO.

Back 21

1921 Budget and Accounting Act

Front 22

Created House and Senate Budget Committees and CBO.

Back 22

1974 Congressional Budget and Impoundment Act

Front 23

____% of spending is _________ and ____% of spending is _______________.

Back 23

64% Mandatory, 36% discretionary

Front 24

Established goals to achieve a balanced budget and created Sequestration.

Back 24

1985 Balance Budget and Emergency Deficit Control Act

Front 25

Revised Sequestration, Created Discretionary Spending Limits and introduced Pay as You go.

Back 25

1987 balanced Budget and Emergency Deficit Control Reaffirmation Act

Front 26

This Established pay as you go for Entitlements and Mandatory and Discretionary Spending.

Back 26

1990 Budget Enforcement Act

Front 27

Established CFOs

Back 27

1990 Chief Financial Officers Act

Front 28

Established Discretionary Spending limits for 1994 - 1998 and outlined process for sequestration.

Back 28

1993 Omnibus Reconciliation Act

Front 29

Created Super Committee

Back 29

2011 Budget Control Act

Front 30

___________ is bought and paid for by a foreign country in support of US troops.

Back 30

Indirect Hire