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CDFM MODULE 1 LATEST VERSION EXAM QUESTIONS AND ANSWERS 2024 The President is responsible to transmit the budget of the US government to congress NLT when? - CORRECT ANSWER-1st Monday in February each year Congress she process authorization legislation, which authorizes or allows programs to exist. They also pass appropriations, which provide funding for programs - CORRECT ANSWER-Congressional Action Phase The President signs the bills into law that provides legal budget authority to incur obligations and make payments out of the Treasury for specified purposes. - CORRECT ANSWER-Appropriation In the Congressional Action Phase, who holds hearing in January in preperation for drafting the concurrent resolution of the budget? - CORRECT ANSWER-Budget Committees
Budget Committees this to their respective houses. The resolution sets spending revenue and other budget targets for the upcoming fiscal year. - CORRECT ANSWER- Concurrent Resolution - April of each year This is the process of estimating the budgetary effects of pending legislation and comparing them to a baseline such as a budget resolution or to any limits that may be set in law. - CORRECT ANSWER-Scorekeeping What data does scorekeeping track? - CORRECT ANSWER- budget authority, receipts, outlays, surplus or deficit, and the public debt No money shall be drawn from the Treasury, but in the Consequence of Appropriations made by law. - CORRECT ANSWER-Article 1, Section 9 What give Congress the authority to make laws? - CORRECT ANSWER-Article 1, Section 8 of the Constitution
To be able to override a presidential veto, the House has to have a majority to pass the bill; and if approved, then goes to the Senate for a vote to pass the bill. If approved, the Bill becomes Law. What is the percentage the vote has to pass by in both the House & Senate? - CORRECT ANSWER-2/3 and 2/ If any Bill shall not be returned by the President after it has been presented to him, the Same shall be a law. How many days? - CORRECT ANSWER- 10 Days Who has the power to lay and collect taxes, duties, imposts and Excises to pay the debts and provide for the common defense and general welfare of the United States. - CORRECT ANSWER-Congress Article 1, Section 8 of the Constitution allows for what? - CORRECT ANSWER-1) borrow money on credit 2) regulate commerce; 3) Coin money; 4) Constitute Tribunals; 5) Declare War; 6) Raise and support Armies; 7) provide and maintain Navy; 8) Make Rules for Government Regulation
of land and naval forces; 9) Provide for calling forth Militia; 10) to make all laws Once the money officially and legally gets into the Treasury, to be able to use the money, what does Congress have to do? - CORRECT ANSWER-Write a Law Gives executive power to the President to be the Commander in Chief and to execute the laws - CORRECT ANSWER-Article 2 Executive Branch The President has the power to nominate and with the advice and consent of the Senate, shall appoint these officials. Name 2? - CORRECT ANSWER-Ambassadors & Supreme Court Judges How often does the President give to Congress the State of the Union (Jan/Feb) time frame. - CORRECT ANSWER- Once year
What prevents Congress and the President from unilaterally making laws and treaties? - CORRECT ANSWER-Separation of Power Matters affecting the operation of the House & Senate and both chambers agree, does not go to the President for signature. - CORRECT ANSWER-Concurrent Resolution The House and Senate can each write an matter concerning the operation on its own. Applies to the chamber that created it. Knows as the H.Res & S.Res - CORRECT ANSWER-Simple Resolution During the State of The Union, what message is the President giving? - CORRECT ANSWER-State of Union, recommend measures necessary and expedient Can an Executive Branch Department pass legislation with the approval of OMB and on Behalf of the president, to a congressional committee or subcommittee - CORRECT ANSWER-Yes, but must be approved by OMB
Who resolves differences between the HR and the Senate? - CORRECT ANSWER-Conference Committee (Third Chamber) What is usually the first step in the process for consideration by committee? - CORRECT ANSWER-Public Hearing When a Conference Committee is convened dealing with an amendment, what can the conferees do and not do? - CORRECT ANSWER-Only deal with matters in disagreement; cannot insert new matter or leave out matter agreed on What was declared unconstitutional in 1998 with respect to Presidential Veto? - CORRECT ANSWER-Line Item Veto If the President Veto a Bill, it is returned to the house of original acting first. If the Bill does not receive 2/3 vote, it is sustained and the bill fails to become law. If it receives
OMB Circular A- 11 sets out the promises of the president
- CORRECT ANSWER-Presidential Priorities What are the six major steps in the budget formulation process laid out in OMB Circular A-11? - CORRECT ANSWER-1) OMB Issues guidance; 2) Organization develops draft; 3) Agency submit budget estimates to OMB; 4) OMB hold hearings on Agency Budgets; 5) President makes final decisions on Agency budgets; 6) President transmits the budget to Congress. What organization is responsible for helping the President with spending policy, managing the executive budget, and providing advice an dangles on a broad range of topics? - CORRECT ANSWER-Additional OMB Duties This resolution fixes new budget authority and outlay target and establishes target for the Gross National Debt, revenues, and surplus/deficit. - CORRECT ANSWER-Budget Resolution
This resolution does not require the signature of the President. It is the first step in the Congressional Budget Process. - CORRECT ANSWER-Concurrent Budget Resolution This Bill may not exceed the ceilings set in the CBR w/out a 60% majority vote of the entire congress & CBO monitors for compliance. - CORRECT ANSWER-Annual Appropriation Bill Defense, Military Construction/Veterans Affairs & Energy and Water - CORRECT ANSWER-Defense Relates Appropriations Acts When a statutes language is not clear as written, the best place to go for interpretation of the law is where? - CORRECT ANSWER-Legislative History Who will provide DoDs position on appeal items? - CORRECT ANSWER-SECDEF
during which budgetary resources may be used to insure expenditures. - CORRECT ANSWER-Time This is distributed by OMB as part of the apportionment process. - CORRECT ANSWER-Budget Authority This process begins with the President's signature on the appropriations bill. - CORRECT ANSWER-Budget Execution Process What is the Form that OSD has to send to OMB to request apportionment within 10 days of the Presenting signing the appropriations bill? - CORRECT ANSWER-SF- 132 What does the apportionment provide to the Federal agencies? - CORRECT ANSWER-Obligation Authority OSD/OMB negotiates apportionments (OSD must request apportionment via form SF-132). OMB has 30 days after the appropriations act passage to effect apportionment. -
CORRECT ANSWER-Within 10 days of the appropriations Act Financial control document issued by the Treasury Department - CORRECT ANSWER-Appropriation Warrant What devices up the appropriation? - CORRECT ANSWER- Apportionment Apportionment is required by what USC? - CORRECT ANSWER- 31 USC 1512 Apportionment helps to achieve the cost effective and economical use of what? - CORRECT ANSWER-Available Funds It is a violation of law for an agency to incur obligations or make expenditures in excess of what? - CORRECT ANSWER-the amount apportioned
payment during the same or future periods. - CORRECT ANSWER-Obligations certification that certifies to the KO purpose, time and amount. The basis for a commitment - CORRECT ANSWER-Fiduciary Certifies vouchers for payments - CORRECT ANSWER- Certifying Officers Appropriates the funds and sends to OMB for apportionment - CORRECT ANSWER-Congress Apportions the funds to the Agencies for execution - CORRECT ANSWER-OMB Responsible for Allots, commits, obligates and outlays the funding - CORRECT ANSWER-Agency
funds that have actually been moved from the federal treasury - CORRECT ANSWER-Outlays Who is the primary oversight committee for the DoD programs? - CORRECT ANSWER-HAC & SAC Who's is the head of the Comptroller General? - CORRECT ANSWER-Government Accountability Office (GAO)
- Budget Formulation, 2) Congressional Review 3) Budget Execution - CORRECT ANSWER-Federal Budget Process The budget formulation is based on performance planning/reporting as required by what? - CORRECT ANSWER-Government Performance and Results Act (GPRA) Government budget outlays exceed its budget receipts for any given period - CORRECT ANSWER-Budget Deficit
Spending that is controlled by laws. - CORRECT ANSWER- Mandatory Spending Primary measure of government spending - CORRECT ANSWER-Outlay How large is discretionary spending, budget authority that is indefinite - CORRECT ANSWER-34% This spending is mandatory for entitlement programs such as SS, corporate income taxes, excise taxes, etc. This is a "permanent appropriation" - CORRECT ANSWER-Non- Discretionary What makes up the greatest revenue source? - CORRECT ANSWER-Individual Income Taxes Requires the President to submit an annual budget proposal to congress and established the OMB and the GAO. - CORRECT ANSWER-1921 Budget and Accounting Act
Established House and Senate Budget Committees. Changed FY to 1 Oct - 30 Sep from 1 Jul - 30 Jun - CORRECT ANSWER-1974 Congressional Budget Impoundment Control Act Pay as you go on any spending outside the appropriation that would increase the deficit. Often referred to as the Gramm-Rudman Hollings Act - CORRECT ANSWER- 1987 Balanced Budget and Emergency Deficit Control Reaffirmation Act Discretionary Spending is the budget authority controlled by annual appropriations acts and the outlays that result from the BA. Established Pay-as-you-go entitlements (can't add a new one without getting rid of an old one) - CORRECT ANSWER-1990 Budget Enforcement Act Authority was briefly granted in 1996 and used by President Bill Clinton until it was declared unconstitutional in 1998. - CORRECT ANSWER-1996 Line Item Veto Act
