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CDFM CG Maj > 3.1 and bonus from class fro mod 1 prep > Flashcards

3.1 and bonus from class fro mod 1 prep Flashcards

1
Q

Purpose statute

A

31 USC 1301

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2
Q

Article 1 Section 8

A

empowers congress to collect taxes

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3
Q

Article 1 Section 9

A

Requires appropriations in law before money can be spent

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4
Q

Article 1 Section 7

A

empowers congress to pass bills for raising revenue

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5
Q

Who is head of GAO

A

Comptroller general

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6
Q

Who puts together red book

A

Comptroller general

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7
Q

Time Statute

A

31 USC 1502

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8
Q

Amount Statute

A

31 USC 1341 - in advance or excess of approp; 1342 - No voluntary services; 1517 - In excess of an apportionment

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9
Q

Fiduciray Certifier

A

FUNDS, not dealing with cash or checks or amounts; Responsible for use of appropriated funds as to proper PTA and USC codes

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10
Q

Pecuniary Cerfifier

A

CASH/CHECKS; back end of the process; respoisbile for amounts, accuracy of dispersement; repayment of any dispersements that were not proper

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11
Q

Two types of annual approps

A

O&M and MILPERS

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12
Q

Necessary Expense test

A
  1. logical relationship 2. not prohibited by law 3. not be otherwise provided for in another appropriation
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13
Q

Contract Termination

A
  1. Contractor Default - Original FY funds avaialble if a)Bona Fide need b)Scope is same c)awarded in reasonable time 2. Covenience of Gov - Expired funds only availabe if agency order to terminate
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14
Q

Types of approps and time frame

A

MILPERS - 1; O&M - 1; RDT&E - 2; Procurement - 3; SCN (Ship construction NAVY) - 5; MILCON - 5

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15
Q

ADA criminal penalties

A

no more than $5000 and no more that 2 years

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16
Q

ADA must be reported within ___ and investigation complete within ___

A

10 days, 14 weeks

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17
Q

ADAs reported to

A

POTUS through congress,OMB and comp general

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18
Q

Instructions on ADA provided in

A

OMB circular A-11

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19
Q

Continuing Resolution for authority for multi year

A

carry over authority is subtracted from CR portion

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20
Q

Certifying official authorized to seek guidance of ___

A

Comptroller General or DOD General Council

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21
Q

Acounting “Major Loss” vs “Minor Loss”

A

Major -$750 or if any fraud; Minor - under $750 no fraud

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22
Q

Is relief provided for loss? Who Provides it? What is statute of limitations

A

DFAS provides it. Granted for accidental loss (no statute of limitations) Accidental illdgal/incorrect/ improper payment (3 yr statute of limitation)

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23
Q

Certifying official must ensure 4 things

A

Complete, computed correctly, correct and legal

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24
Q

Which accountable individual CANNOT hold public funds

A

Certifying official

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25
Q

Three color books

A

Green book - Internal Controls; Yellow book - Auditing policy; Red book - fiscal law

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26
Q

Act exempts promotion of individual for gov purchases

A

Gov employee incentive awards act

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27
Q

Type of approps and time frame

A

MILPERS - 1; O&M - 1; RDT&E - 2; Procurement - 3; SCN (Ship construction NAVY) - 5; MILCON - 5

28
Q

When are no year approps cancelled

A
  1. agency determines no longer needed 2. no charges for 2 years
29
Q

Severable Services

A

Governemnt recives something useful uppon expenditure; can cross Fys but no more than 12 months

30
Q

Non Severable Services

A

Cannot be separated into increments. Entire amount Obligated at onset. Training is non severable usually

31
Q

This carries forward expired phased balances

A

SF-133

32
Q

Agency head approval for program AL amounts above

A

$4M

33
Q

What kinds of gifts can be made, and what happens to unauthorized gifts

A

Gifts to the US (real or personal property. 2. Gifts to an agency (money or real property), can accept services/property under mutual agreement; unauthorized are deposited in misc receipts

34
Q

Act for sequestration

A

Gramm-Rudman-Holdings Balanced budget and emergency deficit control act; Budget enforcement act 1990

35
Q

Established PAYGO

A

Budget Enforcement Act of 1990

36
Q

What is PAYGO

A

Can’t spend more without finding an offset; Does not apply to discretionary spending

37
Q

Bona Fide need with regard to long lead time parts order

A

Bona Fide need applys in the year the order is PLACED, NOT when the goods or services are actaully DELIVERED

38
Q

What USC discusses severable services

A

10 USC 2410

39
Q

How does multiyear contract apply to bona fide need

A

5 year contract guaranteed. Option to pay all up from or year by year. DOD REQUIRES year by year pay

40
Q

Who can order an agency to terminate contract and they can still use expired funds

A

courts, GAO, Board of contract appeals

41
Q

minor construction authority is up to of O&M

A

$2M, unit cost not over $250K

42
Q

Adjustment limit during closed account phase

A

Same type up to LESSER of 1% of current approp, or unexpended closed approp

43
Q

Obligations from expired approp exceed _____ notify ____

A

$4M agency head, $25M congress

44
Q

Contract Authority

A

Form of budget authority; Authority to obligate in advance of appropriation. Have to be given this

45
Q

Exception to voluntary services

A

emergencies involving safety of human life or protection of property; statutorily authorized gratuitous services (Red Cross, Museum volunteers)

46
Q

Section 1514 of statutue 31 USC 1517

A

need to have a financial system that has controls that control to the apportionment level

47
Q

Augmentation

A

Not allowed to add to your appropriation unless you have been given authority to do so

48
Q

ADA Admin and Criminal penalties only apply for

A

Amount, not purpose or time

49
Q

FMR discussing ADA violations

A

DOD FMR 7000.14

50
Q

Accountable individuals

A

Department accountable individuals (DAO), Certifying Officer (CO), Dispersing officer (DO)

51
Q

Certifying Officers cannot make following excuses

A

mistake, lack of intent, minor violation, adverse work environment, lack of personnel. NO EXCUSES FOR THESE

52
Q

____ can provide an advance decision to _____ regarding certifying a payment or making payment with approp funds

A

DOD General Counsel; DAO, CO, DO, agency heard acting as CO

53
Q

Certifying officer can get relief if

A

circumstances beyond their control, and discovered later. Everything done right at the time of certificaiton

54
Q

41 USC 6301 Feed and Forage Act

A

Permits obligations in advacne of appropriation. Pays for furnishing clothing, subsistence, forage, fuel, quarters, transportation, mediocal/hospital supplies. NOT MILCON or MILPERS

55
Q

Approx how much business does DOD do in WCF

A

20 percent of DOD appropriation

56
Q

Stock Funds (supply management hold what type of assets

A

inventory held for resale

57
Q

Industrial funds hold what type of assets

A

work in progress

58
Q

WCF Charter signed by _____ and includes _____

A

Military Dept Sec; 1. ID outputs 2. accounting system to track costs 3. ID Customer requirements 4. Evaluate Buyer/Seller advantages disadvantages

59
Q

NOR (Net operating results)

A

Annual results

60
Q

AOR (Accumulated operationg results

A

overall goal to be net zero. This is a rolling amount over multiple years

61
Q

WCFs required to have _____

A

sufficient cash balnces for their requirements throghout fiscal year

62
Q

First requirement for any travel

A

Travel itinerary prepared on DD 1610 must be approved.

63
Q

Can traveler deviate from travel itinerary

A

if “variations authorized” statemetn included and mission requires it

64
Q

Can a verbal travel order be issued

A

Yes by AO

65
Q

NAF employees travel on

A

regular government travel orders. No invitational travel orders

66
Q

PDT travel charged to _____; what is exception

A

gaining activity; overseas pays both ways, RIF (reduction in force), BRAC (Base realignment and closure)

CDFM CG Maj (12 decks)

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