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EXECUTION EXAM: Apportionment, Documentation, and Fiscal Law
1) Upon violation of a fiscal law, a formal investigation is conducted that
... [Show More] includes the
Government Accountability Office (GAO) and Congressional Committees.
True
False
2) A program is likely to have its budget request adjusted during the Budgeting Phase of the
PPBE, if it has repeatedly:
Failed to obligate at least 80% of its Procurement funds by the end of the first year of
execution
Failed to expend at least 90% of its Procurement funds by the end of the first year of
execution
Failed to obligate 100% of its RDT&E funds by the end of the first year of execution
Failed to expend at least 95% of its RDT&E funds by the end of the first year of execution
3) Use of the appropriate type (color) of funds is usually checked in which step of the funds
execution process?
None of these are correct
Invoice certification
Antideficiency Act review
Funds certification
4) Funds in the following types of appropriation accounts are not required to use commitment
accounting: (select all that apply)(There are TWO correct answers)
Procurement
Military Personnel
RDT&E
Operations and Maintenance
5) Which of the following statements concerning the Contract Funds Status Report (CFSR) is
FALSE? 7.5
The CFSR, or DD Form 1586, is designed to supply funding data about defense
contracts to Program Managers for:
(a) updating and forecasting contract funds requirements,
(b) planning and decision making on funding changes to contracts,
(c) developing funds requirements and budget estimates in support of approved
programs,
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(d) determining funds in excess of contract needs and available for de-obligation,
and
(e) obtaining rough estimates of termination costs. It has also been identified for
being used to determine if sufficient funds are available by fiscal year to execute
the contract.
Contracts over 6 months in duration and $1.5 million dollars are required to have a
CFSR
Information on the CFSR can be used to determine whether funds can be deobligated from
the contract
A CFSR may be tailored to delete requirements from its Data Item Description
Forecasted billings to the government shown in CFSR block 13 can be used to estimate
the amount and timing of expenditures for the program`s spending plans
A CFSR is always required for contracts valued at less than $1 million (constant FY 1990
dollars)
6) The unliquidated balance of a cancelled appropriation: (select
one answer only)
Is added to a merged account
May not be used to pay any bills
May be used to pay bills on the original obligation
May be used to make new obligations
7) Your contractor complains that it has not been paid for an invoice submitted several months
ago. Which one of the following is a potential cause of this problem?
Disbursing Office matches the certified contractor payment request up to one or more
existing obligations in the accounting system.
Procuring Contracting Officer delayed award of the contract due to a protest
DFAS Regional Finance Center failed to submit a voucher summary to the Treasury
Items or services cited in the invoice could not be verified by the Administrative
Contracting Officer
8) DoD policy requires that obligations be recorded:
No more than 60 days after an invoice is submitted for payment
At the time a commitment is recorded
No more than 10 days after a legal obligation is incurred
When a procurement request is sent to a contracting officer
9) Match the funding document category to its description.
a) Reimbursable Orders
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b) Direct Cite Orders
A Does not require separate identification of the items in the order, or separate
citation of the funds of the requiring DoD component.
B Costs related to these orders are not charged to the Working Capital Fund
account.
10) An internal reprogramming action:
May be used to move funds to and from "transfer accounts" such as the Environmental
Restoration, Army account
May be used to increase the appropriated amount of an RDT&E program element by $10
million or more
Must be approved by Congress
May be used to redirect funds to a different purpose than authorized or appropriated by
Congress
11) Which appropriation category should be used to fund the purchase of 100 heavy-lift
transport aircraft?
Military Personnel
Research, Development, Test, and Evaluation
Procurement
Military Construction
12) True or False. The definition of when a bona fide need arises is fixed. Therefore, it does
NOT depend on the government's requirements nor the nature of the product or service to be
acquired.
True
False
13) An obligation plan:
Is required for each item on the Work Breakdown Structure (WBS)
Forecasts when the program office will obligate funds
Is prepared for all current and expired funds managed by the Program Office
Forecasts when the program office will authorize payments to contractors
14) During the Mid-Year review process, why is it important to identify programs whose funds
are not being spent as forecast?
so funds can be reprogrammed as needed
so programs can be cancelled or suspended until the next fiscal year
so ineffective program offices and be re-resourced with a more experienced staff [Show Less]