Resource Stewardship Flashcards
Resource stewardship change management and continuous improvement our three sub competencies of what
Managing organizations and resources
What is the competency of managing organizations and resources included under
Institution competency list ICL
What is the first step in resource allocation process initiated by Congress
Funds authorization
Refers to the careful and responsible management resources under one’s control and requires ability to determine analyze and prioritize timelines for near and long-term success
Resource stewardship
The resource allocation process does not stop flowing down until it reaches who
The cost center managers
The period of time after October 1 if Congress has not approved the new fiscal year budget is called what
Continuing resolution Authority CRA
Refers to money set aside for specific purposes
Appropriations
This refers money set aside for specific purposes covers military personal pain allowances plus many other costs
Appropriations
Which appropriation is most important for senior NCOs to know because this is where they get funds needed to accomplish their mission
Operations and maintenance or O&M
After Congress authorizes funds the Air Force takes its share the provides specific amounts to major commands. the allotted funds are further divided and distributed ending at the cost center manager. The narrative best describes the process for
Resource allocation
Because of this the government can continue operations at a minimum level for a specific amount of time usually a few days to a few months
Continuing resolution authority
Saying that money is set aside for a specific purpose is called what
Appropriation
Which quarter of the budget cycle to cost centers begin working the first budget execution review or unfunded request
First-quarter October 31
In which budget cycle quarter is 25% of the budget obligated and Or spent
End of the first-quarter December 31st
Which quarter of the budget cycle does the RA submit the first budget execution review?
2nd Qrtr
In what quarter of the budget cycle do cost centers submit inputs for next fiscal year’s financial execution plan
Second-quarter end of January
And what quarter of the budget cycle to cost center submit updated or revised budget execution reviewes
Third-quarter May
Which corner of the budget cycle the end of the fiscal year closeout begin and run until midnight 30 September
Fourth-quarter July 31
What quarter of the budget cycle does Congress approve the next fiscal year budget
Fourth-quarter September
Budget execution review, financial execution plan, hitting budget spending targets are the three primary focuses of what
SNCO budget cycle responsibilities
What helps you to cope with unforeseen expenses that pop up and through the budget off track or known expenses which cannot be covered by the current year budget
The budget execution review or BER
Which part of the budget execution review requires every level of command to identify validate and prioritize unfunded requirements
Part one validate prioritize submit
Which part of the budget execution review required each level command to review and prioritize or rack and stack all unfunded requirements
Part two review and prioritize
Consist of an endless round of planning and programming revising adjusting and spending and is divided into four quarters
Budget cycle
