exam with answers |\ |\
Where do Fallout Funds generally result from? - CORRECT
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ANSWERS ✔✔Supplemental appropriations passed by |\ |\ |\ |\ |\
Congress to cover military and civilian pay increases,
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ultility cost increases |\ |\
Non-Appropriated Funds provide? NAF provides? - |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Goods, services, facilities,
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equipment, and manpower for sustainment programs and |\ |\ |\ |\ |\ |\
activities
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NAFs are cash and others assets that are self-generated -
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CORRECT ANSWERS ✔✔or received from NAFI sources
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other than congressional appropriation
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This Category of activity provides basic community
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support and a minimum of 65% APF support is authorized
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- CORRECT ANSWERS ✔✔CAT B
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CAT A Facilities include these types of activities_____,____,
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and ______ - CORRECT ANSWERS ✔✔Fitness centers/ Food
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services/ Libraries |\
,___________uses the APF budget to obtain authorized APFs |\ |\ |\ |\ |\ |\ |\ |\
to support FSS squadron requirements - CORRECT
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ANSWERS ✔✔FSS Activities Budget |\ |\ |\
__________ are required to plan for future procurement of
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capital items - CORRECT ANSWERS ✔✔APF+NAF
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requirement budget |\
__________also known as the operating budget is prepared |\ |\ |\ |\ |\ |\ |\
to forecast all income and expenses for each cost center
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in every FSS activity with NAF income an expenses -
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CORRECT ANSWERS ✔✔NAF income and expense budget
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_____is prepared to determine the available cash to
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finance FSS operations, their expenses, or obligations -
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CORRECT ANSWERS ✔✔Cash Flow Budget |\ |\ |\ |\
FSS updated budgets at least at - CORRECT ANSWERS
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✔✔the completion of each quarter 1/4
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The budget updates include a top-down review of goals
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and performance, adjustments as required, and
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development of the budgets for - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\ |\
✔✔3 quarters out by activity and financial managers and
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prepared annually before the fiscal year|\ |\ |\ |\ |\
,Before you do the budget, you must remember the
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following: - CORRECT ANSWERS ✔✔Identify your units|\ |\ |\ |\ |\ |\ |\
mission and understand it, establish goals, and then
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establish requirements |\
The AFSVC will review projects over ______ and will verify
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the condition of existing facility, programs and financial
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operations, commercial competition, and market |\ |\ |\ |\ |\
demographics - CORRECT ANSWERS ✔✔$500k or |\ |\ |\ |\ |\ |\
$500,000
Condemnation occurs when an item can be repaired, or |\ |\ |\ |\ |\ |\ |\ |\ |\
when the estimated cost of repair does not exceed the
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maximum repair allowance? |\ |\
a. True
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B. False - CORRECT ANSWERS ✔✔FALSE
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The Air Force Base Capital Improvement Funds (AFBCIF)
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primary objective is to - CORRECT ANSWERS ✔✔ensure
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the most urgent NAF facility needs are addressed first and
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to accelerate the validation and funding process
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, Project validation assessments (PVA) validate and
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document the need for NAF projects? |\ |\ |\ |\ |\
a. True |\
B. False - CORRECT ANSWERS ✔✔TRUE
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Installation commanders and key staff use the _____ to
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validate the need for projects and prioritize projects under
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consideration for NAF funding at Air force level -
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CORRECT ANSWERS ✔✔Internal needs validation study
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If recommended an _________ will assess a request by
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preforming and independent or commercial assessment |\ |\ |\ |\ |\ |\
that will certify the need based on consumer demand,
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market competition, cost estimates, and financial viability
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- CORRECT ANSWERS ✔✔Independent Project Validation
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Assessment
This program does not fund projects less than $300k and
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will not use the NAFs where APFs are authorized without a
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waiver from the appropriate authority - CORRECT
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ANSWERS ✔✔Air Force Base Capital Fund Guidelines
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The UMPR is the Foundational document for the UDM?
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