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CDFM Fiscal Law Exam Questions and Answers.
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CDFM Fiscal Law Exam Questionsand Answers
Purpose, Time, and Amount (PTA) - Correct Answer - *Federal appropriations law can be categorized
into which three topical areas?
DoD General Counsel - Correct Answer - *In the Department of Defense, final decisions of fiscal law
questions are "officially" rendered by whom?
Appropriations; Contract Authority; Borrowing Authority; Monetary Credits; Offsetting Collections and
Receipts; Loan and Loan Guarantee Authority - Correct Answer - *What are the basic types of budget
authority used in the Federal Government?
They normally remain available for new obligations for ONE fiscal year - Correct Answer - *Annual
appropriations remain available for new obligations for how long?
Annual appropriation - Correct Answer - *Operation and Maintenance (O&M) is an example of what
type of appropriation?
Multi-year appropriation - Correct Answer - *RDT&E is an example of what type of appropriation?
No-year appropriation - Correct Answer - *Budget authority does not expire in what type of
appropriation?
Legislative Branch (Congress) - Correct Answer - *Article 1, Section 9, of the U.S. Constitution gives the
power to appropriate funds for operating the Government to which branch of the Government?
Congressional Budget Act of 1974 - Correct Answer - *Which law established the House and Senate
Budget Committees and the Congressional Budget Office (CBO)?
Must bear a logical relationship
Not prohibited by law
, Not funded elsewhere - Correct Answer - *What are the three tests which must be met for use of the
Necessary Expense doctrine?
Certifying Officers
Disbursing Officers
Departmental Accountable Officials - Correct Answer - *Who are determined to be accountable
individuals in the Department of Defense?
The Defense Finance and Accounting Service (DFAS) - Correct Answer - *Who grants relief of liability to
a certifying officer for erroneous or illegal payments in the Department of Defense?
Multi-year authority - Correct Answer - *What type of budgetary resources remains available for new
obligations for more than one fiscal year?
No-year authority - Correct Answer - *What type of budgetary resources remains available for new
obligations until the purpose for which they were provided is carried out?
Continuing resolution - Correct Answer - *What type of Congressional resolution can be thought of as a
temporary appropriations act?
Antideficiency Act (ADA) Violation - Correct Answer - *If a Contracting Officer signs a contract in
advance of an appropriation, what type of violation has occurred?
The Office of Management and Budget (OMB) - Correct Answer - *What agency apportions funds for a
working capital fund?
Sequestration of federal funds concerns automatic cuts in federal spending that occur through the
withdrawal of funding for certain government programs, such as has occurred resulting from the
Gramm-Rudman-Hollings Act and the Budget Control Act of 2011. - Correct Answer - *What does
sequestration of federal funds mean?
The established rule is that the expenditure of public funds is proper only when authorized by Congress,
not that public funds may be expended unless prohibited by Congress.
U.S. v. MacCollom (1976) - 426 US 317 - Correct Answer - What is the basic axiom of fiscal law?
Fiscal Law - Correct Answer - ___________ is the body of law which governs the availability and use of
public funds.
1. The Constitution
2. Authorization Acts
3. Appropriation Acts
4. General Statutes
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