CDFM 3.1 Fiscal Law Exam with
Complete Solutions
True or false? A working capital (Revolving) fund or part of that fund cannot violate the
Anti Deficiency Act. - ANS-FALSE
Agencies are responsible for maintaining a system of accounting and internal controls to
avoid violations of the _________. - ANS-31 USC 1341, 1342, and 1517 (Anti-
Deficiency Act)
The appropriation time line for Military Construction is _______ years. - ANS-5
The appropriation time line for Procurement (excluding Shipbuilding and Conversion,
Navy) is _______ years. - ANS-3
The 2 provisions of the US Constitution that provide the underpinning for the budget
process are ______. - ANS-Article 1 Section 8 clause 1, Article 1 Section 9 clause 7
The budgetary resources that are available for new obligations until the purposes for
which were provided are carried out are called _________. - ANS-No-Year Authority
The ________ governs the congressional budget, defines key budget term and
establishes house and senate budget committees and the Congressional Budget Office.
- ANS-Congressional Budget Act of 1974
True or false? Article 2 section 8 empowers Congress to collect taxes and Section 9
requires appropriations in law before money can be spent from the Treasury. - ANS-
FALSE. Article 1 section 8 empowers Congress to collect taxes and section 9 requires
appropriations in law before money can be spent from the Treasury.
The appropriation time line for R & D is ________ years. - ANS-2
The penalty for willfully and knowingly violating the Anti Deficiency Act is ______. -
ANS-Up to 2 years and a $5,000 fine or both
Over obligation of an appropriation or funds and obligations or contracts in advance of
an appropriation is a violation of _______. - ANS-31,. USC 1341(a)
________ appropriations is (are) no longer available for adjustments or payments any
adjustments will be charged to current same appropriation (1% max) - ANS-Cancelled
, Over-obligations of apportionments, allotments or other subdivision of funds are a
violation of ________ - ANS-31,. USC 1517
True or False? Not knowingly or willfully committing a violation of the Anti-Deficiency Act
does not, by itself, justify a decision to not impose disciplinary action against the
individual. - ANS-TRUE
It is the responsibility of the _____ to review and approve the agency systems of
administrative control of funds to prevent violations of the Anti-Deficiency Act. - ANS-
OMB
Acceptance of voluntary service is a violation of _________ - ANS-31,. USC 1342
_____ is the shift from one purpose or activity to another within different appropriations.
- ANS-Transfer
The ____ prescribe rules and procedures for budget execution. Many of the specific
provisions were previously enacted as Section 3679 of the revised statutes also known
as the Anti-Deficiency Act. - ANS-Chapters 13 and 15, 31 USC
The appropriation time line for Operation and Maintenance is ________. - ANS-1
The Basic substantive legislation enacted by Congress that sets up or continues the
legal operation of a Federal program or agency either indefinitely or for a specific time
frame or sanctions a particular type of obligation or expenditure within a program is
_______. - ANS-Authorization
True or False? For no year and unexpired multiyear contracts, apportioned recoveries
of prior year obligations are available for new obligations. - ANS-TRUE
_______ is the shift from one purpose or activity to another within the same
appropriations. - ANS-Reprogramming
______ is the shift from one purpose or activity to another between different
appropriations. - ANS-Transfer
The Package that lists all of the reprogramming actions and all sources and increases is
the ______. - ANS-Omnibus Reprogramming Request
The amount of obligational authority transferred from one agency bureau or account
that is set aside in a transfer appropriation account to carry out the purpose of the
parent appropriation is a (n)_______. - ANS-Allocations
The issuance of Treasury Warrants are the _____ ______ action taken after the
President signs the bill into law. - ANS-1st legal
Complete Solutions
True or false? A working capital (Revolving) fund or part of that fund cannot violate the
Anti Deficiency Act. - ANS-FALSE
Agencies are responsible for maintaining a system of accounting and internal controls to
avoid violations of the _________. - ANS-31 USC 1341, 1342, and 1517 (Anti-
Deficiency Act)
The appropriation time line for Military Construction is _______ years. - ANS-5
The appropriation time line for Procurement (excluding Shipbuilding and Conversion,
Navy) is _______ years. - ANS-3
The 2 provisions of the US Constitution that provide the underpinning for the budget
process are ______. - ANS-Article 1 Section 8 clause 1, Article 1 Section 9 clause 7
The budgetary resources that are available for new obligations until the purposes for
which were provided are carried out are called _________. - ANS-No-Year Authority
The ________ governs the congressional budget, defines key budget term and
establishes house and senate budget committees and the Congressional Budget Office.
- ANS-Congressional Budget Act of 1974
True or false? Article 2 section 8 empowers Congress to collect taxes and Section 9
requires appropriations in law before money can be spent from the Treasury. - ANS-
FALSE. Article 1 section 8 empowers Congress to collect taxes and section 9 requires
appropriations in law before money can be spent from the Treasury.
The appropriation time line for R & D is ________ years. - ANS-2
The penalty for willfully and knowingly violating the Anti Deficiency Act is ______. -
ANS-Up to 2 years and a $5,000 fine or both
Over obligation of an appropriation or funds and obligations or contracts in advance of
an appropriation is a violation of _______. - ANS-31,. USC 1341(a)
________ appropriations is (are) no longer available for adjustments or payments any
adjustments will be charged to current same appropriation (1% max) - ANS-Cancelled
, Over-obligations of apportionments, allotments or other subdivision of funds are a
violation of ________ - ANS-31,. USC 1517
True or False? Not knowingly or willfully committing a violation of the Anti-Deficiency Act
does not, by itself, justify a decision to not impose disciplinary action against the
individual. - ANS-TRUE
It is the responsibility of the _____ to review and approve the agency systems of
administrative control of funds to prevent violations of the Anti-Deficiency Act. - ANS-
OMB
Acceptance of voluntary service is a violation of _________ - ANS-31,. USC 1342
_____ is the shift from one purpose or activity to another within different appropriations.
- ANS-Transfer
The ____ prescribe rules and procedures for budget execution. Many of the specific
provisions were previously enacted as Section 3679 of the revised statutes also known
as the Anti-Deficiency Act. - ANS-Chapters 13 and 15, 31 USC
The appropriation time line for Operation and Maintenance is ________. - ANS-1
The Basic substantive legislation enacted by Congress that sets up or continues the
legal operation of a Federal program or agency either indefinitely or for a specific time
frame or sanctions a particular type of obligation or expenditure within a program is
_______. - ANS-Authorization
True or False? For no year and unexpired multiyear contracts, apportioned recoveries
of prior year obligations are available for new obligations. - ANS-TRUE
_______ is the shift from one purpose or activity to another within the same
appropriations. - ANS-Reprogramming
______ is the shift from one purpose or activity to another between different
appropriations. - ANS-Transfer
The Package that lists all of the reprogramming actions and all sources and increases is
the ______. - ANS-Omnibus Reprogramming Request
The amount of obligational authority transferred from one agency bureau or account
that is set aside in a transfer appropriation account to carry out the purpose of the
parent appropriation is a (n)_______. - ANS-Allocations
The issuance of Treasury Warrants are the _____ ______ action taken after the
President signs the bill into law. - ANS-1st legal
