Resource Management Flashcards
Allocation
system of dividing expenses and incomes
Apportionment
This distribution makes amounts available on the basis of time periods, programs, activities, projects or objects
CRA (Continuing Resolution Authority)
Allows continued ops at minimum lvl for specific amount of time
CC (Cost Center)
Organization that gathers and distributes cost data
CCM (Cost center Management)
point of initial action in the process of operating budget development
EEIC (Element of Expense Investment Code)
Represent final breakout in the budget structure
FMB (Financial Management board)
- approves budgets
- distributes annual funding
- ensures consistency with programs and missions
FWG (Financial working group)
Reviews budget against last year, recommends financial plan to FMB
Resource Advisors
Monitor and assist in preparing estimated requirements for resource
RCM (Resource Center Managers)
Directs work by subordinate functions that, in turn, use resources to do that work.
Execution Plan
To Protect, justify and secure funds necessary for mission accomplishment
Unfunded Requirements
Lists mission essential requirements that exceed funding with cost and narrative justification
Spend Plan
Projects how funds will be spent over the year
BER (Budget Execution Review)
Installation level budget review
Anti-Deficiency Act
Prohibited from:
- making or authorizing costs in excess of available funds
- obligate money before funds are available
- accepting voluntary services or services not authorized by law
