1410: Federal Funds Management

Question 1

The reprogramming thresholds are applied at a certain “level of control” for each appropriation category:
What level of control is applied to RDT&E?

Answer 1

Program Element

Question 2

The reprogramming thresholds are applied at a certain “level of control” for each appropriation category:
What level of control is applied to Procurement?

Answer 2

Line Item

Question 3

The reprogramming thresholds are applied at a certain “level of control” for each appropriation category:
What level of control is applied to O&M?

Answer 3

Budget Activity

Question 4

The reprogramming thresholds are applied at a certain “level of control” for each appropriation category:
What level of control is applied to MILPERS?

Answer 4

Budget Activity

Question 5

The reprogramming thresholds are applied at a certain “level of control” for each appropriation category:
What level of control is applied to ) MILCON?

Answer 5

Project

Question 6

How long do funds remain in an “________ account”?

This applies to what categories?

Answer 6

“Expired” 5 years

It applies to all Major Appropriation Categories

Question 7

When is The Anti-Deficiency Act is being violated?

Answer 7

If an agency obligates funds before an Appropriation Act is passed by Congress (new funding paperwork has not reached their local comptroller.)

Question 8

When is The Misappropriation Act is being violated?

Answer 8

If an agency uses funds that were appropriated for RDT&E to make up for shortfalls in Procurement.

Question 9

What is an Obligation?

Answer 9

A legal reservation of funds

Question 10

What is a Commitment?

Answer 10

The term used for an administrative reservation of funds in anticipation of a future obligation