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Federal government Budgeting

by | Nov 30, 2023 | questions

Federal Budgeting Homework

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(a) Which one of the following is LEAST likely to be involved in the process that results in the Concurrent Budget Resolution?
House Budget Committee
Undersecretary of Defense (Comptroller)
Senate Budget Committee
Congressional Budget Office

(b) The Department of Defense moved funds from the Overseas Contingency Transfer Account to the Army’s Military Personnel appropriation to cover extra costs associated with deploying troops unexpectedly to Afghanistan. This action required: (select one)
Below-threshold reprogramming
Congressional notification reprogramming
Internal reprogramming
Congressional prior approval reprogramming
(c) Obligation and expenditure plans: (select one)
Are prepared by Program Management Offices
Should be coordinated with the Administrative Contracting Officer
Should include as many fourth-quarter obligations and expenditures as possible to minimize the possibility of falling behind the execution plan
Should reflect the most optimistic schedule for executing funds

(d) A contract for a special piece of research equipment costing $200,000 was awarded using funds from a Procurement appropriation. This action did not cause any formal subdivision of the Procurement appropriation to be exceeded. This action most likely:
Did not violate any fiscal laws
Violated the Misappropriation Act
Violated the Antideficiency Act
Violated the Bona Fide Need Rule

( e) An ACAT I program is just starting its Production and Deployment acquisition phase. Which one of the following reports is the program LEAST likely to be required to submit?
Congressional Acquisition Executive Summary
Selected Acquisition Report
Unit Cost Report
Defense Acquisition Executive Summary

( f) Which of the following is true concerning below-threshold reprogrammings in Procurement appropriations? Select all that apply.
The amount taken from an existing Line Item must be less than $20 million or 20% of the baseline…

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