CDFM MODULE 3 COMPREHENSIVE TEST
PAPER 2026 COMPLETE QUESTIONS AND
ANSWERS EXPERT VERIFIED GRADED A+
◉ Rule that the expenditure of public funds is proper only when
authorized by Congress, not that public funds may be expended
unless prohibited by Congress. Answer: Basic Axiom of Fiscal Law
◉ Article and section of the US Constitution that empowers the
Congress to 'PASS BILLS' for raising of revenue, and delineates how
bills will pass from Congress to the President for signature or Veto
Answer: Article 1, Section 7
◉ Article and section/clause of the US Constitution that empowers
Congress to 'COLLECT TAXES'. Answer: Article 1, Section 8, Clause 1
◉ Article and section/clause of the US Constitution that 'REQUIRES
APPROPRIATIONS' in law before money may be spent from the
Treasury. Answer: Article 1, Section 9 Clause 7
◉ The most authoritative source of information on the proper use of
appropriated funds is a multi-volume treatise published by the GAO,
Office of the GC, titled Principles of Federal Appropriations Law,
better known as _________ Answer: Red Book
,◉ The two additional principles of proper use of appropriated funds
are: (in addition to Red Book) Answer: 1. Specific over general
appropriations
2. Do not do indirectly what you cannot do directly
◉ Law/regulation that required the President to submit an annual
budget to Congress for all three branches of the Federal
Government, created OMG and established GAO Answer: Budget and
Accounting Act of 1921
◉ Law prescribed rules and procedures (including sequestration)
designed to constrain spending and receipts legislation. Act was
commonly known as Gramm-Rudman-Hollings Act. The BEA
amended this act and many people refer to its requirements as the
BEA requirements Answer: P.L. 99-177 Congressional Balanced
Budget and Emergency Deficit Control Act of 1985
◉ USC sections that prescribe rules and procedure for budget
execution Answer: 31 USC 13 and 15
◉ Contained the same act as the Congressional Budget Act, this law
prescribes rules and procedures under which the President may
withhold appropriated amounts from obligation (deferrals and
rescissions) OMB Circular A-11 addresses the requirements of this
, law Answer: P.L. 93-344 Budget and Impoundment Control Act of
1974 2 USC 682-688
◉ Provides instructions on budget execution. Appendix A contains a
crosswalk between the provisions of the ADA and revised language
of these provisions in 31 USC. Provides instructions on monitoring
outlays, obtaining exemptions from GAO access to records, reporting
requirements for un-vouchered expenditures, closing account and
monitoring Federal employment. Answer: OMB Circular A-11
◉ Responsible for use of appropriated funds as to the proper
Purpose, Time and Amount and for those U.S. Codes pertaining
thereto Answer: Fiduciary Certifier
◉ Responsible for the accuracy of the disbursement of funds
Responsible for the repayment of any disbursement made not in
accordance with proper Purpose, Time or Amount requirements
Answer: Pecuniary Certifier
◉ Three Dimensions of Budgetary Resources PTA and USC/Sections
Answer: Purpose- 31 USC 1301
Time- 31 USC 1502
Amount 31 USC 1341, 1342 and 1517
PAPER 2026 COMPLETE QUESTIONS AND
ANSWERS EXPERT VERIFIED GRADED A+
◉ Rule that the expenditure of public funds is proper only when
authorized by Congress, not that public funds may be expended
unless prohibited by Congress. Answer: Basic Axiom of Fiscal Law
◉ Article and section of the US Constitution that empowers the
Congress to 'PASS BILLS' for raising of revenue, and delineates how
bills will pass from Congress to the President for signature or Veto
Answer: Article 1, Section 7
◉ Article and section/clause of the US Constitution that empowers
Congress to 'COLLECT TAXES'. Answer: Article 1, Section 8, Clause 1
◉ Article and section/clause of the US Constitution that 'REQUIRES
APPROPRIATIONS' in law before money may be spent from the
Treasury. Answer: Article 1, Section 9 Clause 7
◉ The most authoritative source of information on the proper use of
appropriated funds is a multi-volume treatise published by the GAO,
Office of the GC, titled Principles of Federal Appropriations Law,
better known as _________ Answer: Red Book
,◉ The two additional principles of proper use of appropriated funds
are: (in addition to Red Book) Answer: 1. Specific over general
appropriations
2. Do not do indirectly what you cannot do directly
◉ Law/regulation that required the President to submit an annual
budget to Congress for all three branches of the Federal
Government, created OMG and established GAO Answer: Budget and
Accounting Act of 1921
◉ Law prescribed rules and procedures (including sequestration)
designed to constrain spending and receipts legislation. Act was
commonly known as Gramm-Rudman-Hollings Act. The BEA
amended this act and many people refer to its requirements as the
BEA requirements Answer: P.L. 99-177 Congressional Balanced
Budget and Emergency Deficit Control Act of 1985
◉ USC sections that prescribe rules and procedure for budget
execution Answer: 31 USC 13 and 15
◉ Contained the same act as the Congressional Budget Act, this law
prescribes rules and procedures under which the President may
withhold appropriated amounts from obligation (deferrals and
rescissions) OMB Circular A-11 addresses the requirements of this
, law Answer: P.L. 93-344 Budget and Impoundment Control Act of
1974 2 USC 682-688
◉ Provides instructions on budget execution. Appendix A contains a
crosswalk between the provisions of the ADA and revised language
of these provisions in 31 USC. Provides instructions on monitoring
outlays, obtaining exemptions from GAO access to records, reporting
requirements for un-vouchered expenditures, closing account and
monitoring Federal employment. Answer: OMB Circular A-11
◉ Responsible for use of appropriated funds as to the proper
Purpose, Time and Amount and for those U.S. Codes pertaining
thereto Answer: Fiduciary Certifier
◉ Responsible for the accuracy of the disbursement of funds
Responsible for the repayment of any disbursement made not in
accordance with proper Purpose, Time or Amount requirements
Answer: Pecuniary Certifier
◉ Three Dimensions of Budgetary Resources PTA and USC/Sections
Answer: Purpose- 31 USC 1301
Time- 31 USC 1502
Amount 31 USC 1341, 1342 and 1517
