Exam 1 Flashcards
Director of the Army Budget, responsible for formulating the DoA budget is a staff component of:
Assistant Sec of the Army FM and C
Organizes budget data by major program
program budgeting
bases budgets on program performance
performance budgeting
assumes inflation and no change in programs
current services budget
start from scratch and reassess what you need budget
zero based budget
line item budget. tells what we are going to spend money on up front
object of expenditure
best portrays the affordibility of a nation’s investment
defense budget as a percent of GDP
common ways of portraying the size of the defense budget (3)
- constant and current dollars
- percent total outlays and percent discretionary outlays
- percent of GDP or the federal budget
4th Qtr. Actions
monitor unobligated balance’s closely
Review unfunded requirements
Midyear review
- begin distribution of reserve funds
- review current year execution
- confirm adequacy of present funding
- update UFR’s
- re-allocate funds as required to ensure successful execution and meet emergent UFR’s
- prepare reprogramming reuests.
sources of revenue for federal budget (4)
individual income tax 47%
Payroll Taxes 34%
Corporate Taxes 9.6%
Tariffs and other <9%
provides BA from Treasury to OMB
Warrant
provides BA from OMB to DoD
Apportionment
Provides BA from DoD to components
Allotment
Provides BA from Components to MAJCOMS
Allocation
Central budget office for the federal government
OMB
Defense appropriations (6)
Procurement
RDT&E
O&M
MILCON
MILPERS
Revolving
term for congressional permission to draw funds from the treasury
budget authority
Major Force Programs (11)
- Strategic
- GPF
- C2, Comms
- Mobility
- Guard and Reserve
- R and D
- Central Supply
- Training, medical, personnel
- Admin
- Support to other nations
- Specops
an actual expenditure of funds
outlay
rate at which budget authority is converted to obligations
obligation rate
rate at which budget authority is converted to outlays
expenditure rate
BA that has not been obligated
unobligated funds
obligated and unobligated funds that have not been expended
unexpended funds
current year BA + available prior year BA
TOA - total obligation authority