Nps_Cdfm Mod 1 Comp 1

Front 1

Budget execution starts with ________.

Back 1

Issuance of treasury warrant

Front 2

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

Back 2

1st legal

Front 3

Continuing resolutions (CRs) initially last _____ days and are designed to avoid violating the ________..

Back 3

30, Anti Deficiency

Front 4

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

Back 4

quarterly

Front 5

The size and complexity of the budget demand that the President take the recommendations of the ____ .

Back 5

Director OMB

Front 6

If Congress and the President do not complete action on all appropriations bills by ____ of September a _____ is passed by both houses to avoid a shutdown of government.

Back 6

30th, continuing resolution

Front 7

A Constitutional amendment may be ratified when approved by _____ of the States

Back 7

3/4

Front 8

The U.S. House of Representatives number ____ with a ___ and prefaces them with _____.

Back 8

Bills, 1, H.R.

Front 9

The six major steps of the Budget formulation are:

Back 9

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

Front 10

The Budget formulation phase starts as early as _____ months out.

Back 10

21

Front 11

Legislation in the US Congress can originate by:

Back 11

The recommendations of the Pres, Introduced by the members, introduced by Committee

Front 12

The US Senate numbers ____ with a ____ and prefaces them with ___.

Back 12

Bills, 1, S

Front 13

The 4 phases of the budget process are:

Back 13

Formulation, Congressional Action, Budget Execution, Perf. & Audit

Front 14

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 14

Feb

Front 15

The Federal Budget is the ____ Budget.

Back 15

President's

Front 16

In the ______ process the Congress is adjourned and President fails to sign a bill in the 10 day period and the bill does not become law.

Back 16

Pocket veto

Front 17

In this process, the President does not favor a bill and returns it to the house of origin without his approval.

Back 17

Veto

Front 18

In this process, the president does not return a bill within 10 days. He does not desire to approve it, but is unwilling to veto. This is called______.

Back 18

Does not sign but allows to become law

Front 19

In the ________ process, the President signs a bill which is then delivered to the Archivist and designated serially as public law.

Back 19

Approval and Signature

Front 20

True or false: Having more conferees in conference committees gives you a greater advantage in Congressional deliberations.

Back 20

FALSE

Front 21

There are ____ appropriations bills passed each year.

Back 21

12

Front 22

The US Constitution took effect on _____.

Back 22

March 4, 1789

Front 23

_______ are the totals included in the budget for budget authority, outlays, and receipts.

Back 23

Executive

Front 24

The _____ power shall be vested in a President of the United States of America.

Back 24

Executive

Front 25

If Congress is not adjourned and a bill is not returned by the President in ___ days it____.

Back 25

10, becomes law as if he signed it

Front 26

All bills for raising revenues originate in the ________.

Back 26

House of Representatives

Front 27

The Vice President is the President of the ____ and casts a vote___

Back 27

Senate, only when the Senate is equally divided

Front 28

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

Back 28

2 years House, 6 years Senate

Front 29

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

Back 29

Preamble

Front 30

True or false? Any yearly accounting period without regard to a calendar year is a fiscal year.

Back 30

TRUE

Front 31

The US Constitution was 1st ratified by ____ states in ____.

Back 31

9, 1788

Front 32

The Declaration of Independence was adopted on _____.

Back 32

July 4, 1776

Front 33

In what article of the Constitution is the power to raise taxes found?

Back 33

I

Front 34

The document that preceded the US Constitution and was used as a basis for foundation of the US Government was ______.

Back 34

The Articles of Confederation

Front 35

The 3 branches of the US government are:

Back 35

Executive, Legislative, Judicial

Front 36

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

Back 36

10

Front 37

The 2 houses of the legislature are the _____ and the ____.

Back 37

Senate and House of Representatives

Front 38

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

Back 38

1/5

Front 39

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

Back 39

35%

Front 40

Corporate Income taxes accounts for approximately____ of the total US revenue.

Back 40

12%

Front 41

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

Back 41

46%

Front 42

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

Back 42

Individual taxes

Front 43

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

Back 43

OMB Circular A-11

Front 44

The Preparation and Submission of Budget Exhibits is found in _____

Back 44

OMB Circular A-11

Front 45

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

Back 45

Commitments

Front 46

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

Back 46

Mandatory, 65%, Discretionary, 35%

Front 47

_______ occurs when a check is issued (or funds are transferred electronically) to a contractor in response to an invoice/payment request for costs incurred, services rendered, products delivered.

Back 47

Expenditure

Front 48

The ____ established the discretionary spending limits for FY 1994-1998

Back 48

1993 Omnibus Reconciliation Act

Front 49

The two balanced budget control acts are named after their sponsors ______.

Back 49

Gramm-Rudman-Hollings

Front 50

True or false? The two types of spending categories established by the 1990 Budget Enforcement Act are apportioned and mandatory.

Back 50

False

Front 51

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

Back 51

1990 Budget Enforcement Act, mandatory and discretionary

Front 52

The ______ revised sequestration procedures from fixed to adjustable targets.

Back 52

FALSE

Front 53

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

Back 53

1985 Balanced Budget and Emergency Deficit Control Act

Front 54

The ______ revised sequestration procedures from fixed to adjustable targets.

Back 54

outlay

Front 55

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

Back 55

Obligation

Front 56

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

Back 56

1985 Balanced Budget and Emergency Deficit Control Act

Front 57

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

Back 57

Budget Deficit

Front 58

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

Back 58

Budget Authority

Front 59

The ____ of 1990 specifies organizational and reporting requirements to improve government-wide financial management.

Back 59

CFO Act

Front 60

_______ is the shift from one purpose or activity to another within the different appropriations.

Back 60

Transfer

Front 61

_______ is the shift from one purpose or activity to another within the same appropriations.

Back 61

Reprogramming

Front 62

The concept of fund allotments is to place _______ and _____ authority to the lowest practical level.

Back 62

Obligational and operational

Front 63

The _____ is given the power to lay and collect taxes in Article ____ of the Constitution.

Back 63

Congress, I

Front 64

A(n) ____ is a general legislative proposal.

Back 64

Bill

Front 65

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 65

Judicial

Front 66

A veto by the President can be overturned by ______.

Back 66

A 2/3 vote of each House