CORE CURRICULUM MODULE 1B Flashcards
PPBE
Planning, Programming, Budgeting and Execution
Once authorization and appropriation bills are signed, the execution phase of financial management begins.
What are those 3 stages?
Commitments
Obligations
Expenditures
Where commitments
Contract signed or order is placed
Obligations
Contract signed or an order is place. Obligation is a legal liability on the govt.
Expenditures
Payment for completed worm
Appropriated funds are
Active, expired or cancelled
Wbs
Work breakdown structure
How are WBS (work breakdown structure) elements of a procurement effort funded which are not funded by PMP (Prime Mission Product) and SE/PM (System Engineering and Program Management)?
(Non-PMP, Colin support equipment, data, and initial spares
Referred to as non - PMP. Funded in accordance with the time-phased procurement provision of full funding policy, but not so much in the same year.
MILCON (Military Construction) fund what activities
Land acquisitions
Construction and acquisition of facilities
Additions
Expansions
Extensions
Conversations
Alterations of existing facilities
Relocation of facilities
O & M
Operation and Maintenance
FFRDC
Federally Funded Research and Development Centers
A & AS
Advisory and Assistance Services
Appropriations
A law of Congress that provides an agency with budget authority. An appropriation allows the agency to incur obligations and to make payments from the U.S. Treasury for specified purposes. Appropriations are definite (a specific sum of money) or indefinite (an amount for “such sums as may be necessary”).
What do the MILPERS
Military Pay, incentive and subsistence pay and permanent change of station (PCS) costs
Appropriations
A law of Congress that provides an agency with budget authority. An appropriation allows the agency to incur obligations and to make payments from the U.S. Treasury for specified purposes
