Budget authority is most commonly provided by
an appropriations act
, in which Congress specifies the purpose(s) for which each particular appropriation may be used as well as the amount of budget authority provided under each appropriation.
Which enactment process activity provides permission for a federal?
Authorization
is an act of Congress that permits a federal program or activity to begin or continue from year to year. It sets limits on funds that can be appropriated but does not grant funding which must be provided by a separate congressional appropriation.
Who can approve the realignment of funds between activities?
THE PROGRAM MANAGER
will approve the realignment. The program manager is able to approve this realignment because a reprogramming action is not required. If a reprogramming action is required, that meas the change will be substantial, in this case the program manager will not be qualified to approve the realignment.
What does the execution phase of financial management occur?
The execution phase occurs
when appropriated funds are spent on defense programs
.
Budget authority may be provided in
an appropriation act or authorization act
and may take the form of a direct appropriation of funds from the Treasury, borrowing authority, contract authority, entitlement authority, or authority to obligate and expend offsetting collections or receipts.
The basic forms of budget authority are;
appropriations, authority to borrow, contract authority, and authority to obligate and expend offsetting receipts and collections
. The period of time during which Congress makes funds available may be specified as one-year, multiple years or no year.
What are the three types of restrictions on funds?
Fiscal Law Constraints
Appropriated funds are subject to three basic fiscal constraints:
time, purpose, and amount
.
First, authorization bills establish, continue, or modify agencies or programs. Second, appropriations measures may provide spending for the agencies and programs previously authorized. Authorization acts establish, continue, or modify agencies or programs.
What is the first step in the solicitation phase?
39Q: The first step in solicitation and award is to:
39A: Notify industry that a contract need exists and identify parameters of that need.
True,
Article 1, Section 9, Clause 7
, requires appropriations in law before money may be spent from the Treasury. The term appropriation applies broadly to any law that permits a Government employee to spend money, not just to the regular appropriation bills. Law (authorization) is required before money can be ?
What is the name of the law that requires funds appropriated?
31 U.S.C.
Requires that appropriated funds only be used for the purposes and programs set forth by Congress in the appropriation. The agency’s budget request is an important reference standard for determining proper purpose and the relationship of expenditure to an appropriation.
What is below threshold reprogramming?
Below-threshold reprogramming actions are
minor actions not otherwise requiring congressional approval that may be accomplished within the DoD Components
and are measured cumulatively over the entire obligation availability of the appropriation.
What is one purpose of contract administration?
The purpose of contract administration is
to ensure that the contractor performs in accordance with all of the terms and conditions of the contractual agreement
.
What is the main purpose of the PPBE execution phase?
The primary purpose is
to scrutinize the first one or two years of a program’s budget to ensure efficient use of resources
. Execution: The Execution phase of the PPBE process is the real-world application of the Planning, Programming, Budgeting, and Execution process.
How many phases are in the PPBE process?
PPBE evolved from the Planning, Programming, and Budgeting System (PPBS), which was introduced into DoD in the early 1960’s by Robert McNamara during his tenure as Secretary of Defense (SECDEF). PPBS was a cyclic process consisting of
three distinct, but
interrelated, phases: planning, programming, and budgeting.
Which of the following terms must an offer include?
As a rule of thumb, the offer must be definite and reasonable enough for the receiving party to believe that it is indeed an offer. If your offer includes terms such as
quantity, price, quality, and place and time of delivery
, the court may find that you have indeed made an offer.
