Government Resource Management Environment Flashcards
What was the predecessor to the constitution?
Articles of Confederation.
Ref: 1.1.5
What branches of government did the constitution establish?
Legislative Branch
Executive Branch
Judicial Branch
Ref: 1.1.6 10.2011
Where are all laws enacted?
Congress through constitution article 1, section 8 “congress shall have the authority to make all laws….
Ref: 1.1.7
In which article of the Constitution is the power to raise taxes?
Article 1, Legislative Branch, Section 7, all bills for raising taxes start in House of Representatives.
Ref 1.1.8
What occurs when Congress is not in session and the President does not sign a bill in 10 days?
Pocket veto
Ref 1.1.17
What percentage of US GDP will federal spending represent in FY 12?
Twenty three percent and trend is increasing.
Ref 1.1.54
Approximately what percent of total federal spending is discretionary spending?
36 percent
Ref 1.1.56
What branch of government implements laws?
Executive branch executes laws
Ref. 1.1.10
Which branch of government is authorized to raise taxes and borrow money?
Legislative Branch per article 1 sections 7 and 8, respectively
Ref 1.1.9
What is the name of the committees that attempt to resolve differences between house and senate versions of bills?
Conference committees, “third chamber”
Ref 1.1.16
Which agency issues directions for use by other agencies in submitting their budget estimates?
Office of Management and Budget OMB
Ref 1.1.19
What type of legislation provides an agency with budget authority?
Appropriation Acts provide budget authority.
Ref 1.1.39
What term is used to describe a subdivision of an apportionment?
Allotment
Ref. 1.1.44
What agency issues apportionments?
OMB
Ref. 1.1.42
Which branch of government conducts hearings on the effectiveness of government programs?
Legislative branch, Congress
Ref. 1.1.49
In the federal budget process which organizations actually prepRe. Us get estimates?
Federal agencies
Ref 1.1.19
What is the largest single source of Federal government tax revenue?
Individual income taxes, accounts for 43 percent in FY 12.
Ref 1.1.55
What are requests for funds in addition to amounts already appropriated?
Supplemental
Ref.
What financial control document is issued by the Treasury Department following signature of the appropriation act?
Appropriation Warrant
What term describes a postponement in the use of appropriation funds or cancellation of appropriated funds?
A postponement is a deferral; a cancellation is a recission. Congress must act on in writing within 45 days or become available for obligation.
Ref 1.1.43
After the appropriation is signed into law, DoD requests what from OMB?
Apportionment, SF 132 within 10 days of enactment.
Ref 1.1.42
An administrative reservation of funds is known as what?
Commitment
What gives a Federal agency the legal authority to operate a program?
Authorization legislation. I.e. Bill
Ref. 1.1.30