Shared Flashcard Set

Details

Defense Resource Allocation: Apportionment, Execution, and F
Week 7
25
Business
Graduate
02/23/2014

Additional Business Flashcards

 


 

Cards

Term
What is apportionment?
Definition
Distribution of funds appropriated by Congress
Term
OMB provides funds to DoD for obligation. (T/F)
Definition
True
Term
Funds within DoD are allocated by the USD Comptroller to counterparts in the Services and Defense agencies
Definition
True
Term
What is the process of apportionment (hi to low)
Definition
Congress
OMB
OSD Comptroller
Service Comptroller
MAJCOM/PEO Comptroller
PMO
Term
Commitment
Definition
An Administrative reservation of funds
Term
Obligation
Definition
a legal reservation of funds
Term
Expenditure
Definition
when a government check is issued
Term
Outlay
Definition
When cash leaves the US Treasury
Term
Which 3 constraints impact the availability of funds for a particular obligation?
Definition
Purpose
Time
Amount
Term
Misappropriation Act
Definition
Appropriations shall be applied only for the goods or services or programs for which the appropriations were made except as otherwise authorized by law. Using of funds for some purpose other that which they were intended.
Term
What appropriations have an annual duration?
Definition
O&M
Military Personnel
Family Housing
Term
What is the duration of RDT&E appropriations
Definition
2yrs
Term
What is the duration of Procurement appropriations
Definition
3yrs
Term
What is the duration of Construction appropriations
Definition
5yrs
Term
What is the duration of Shipbuilding appropriations
Definition
5yrs
Term
What is the duration of Revolving funds appropriations
Definition
NA
Term
Life of an appropriation
Definition
Current Obligation + Expired Accounts (5yrs), then closed
Term
Full Funding
Definition
Procurement & MILCON Appropriations
Funds are available at contract award to cover the best total estimated cost to deliver the contract quantity of complete, militarily useable items
12 month funded delivery period starting with first delivery
Prohibits piecemeal procurement
Helps stability
Term
Explain Advance Procurement as an exception to full funding
Definition
One Year Ahead/Long Lead-time Items
To maintain planned production schedule
Lead-time of component greater than life of the appropriation
Lead-time of component significantly longer than remainder of end item
Considerations
Termination Liability Funding
Term
Explain Multi-Year as an exception to full funding
Definition
When the Government contracts for the purchase of supplies or services that satisfy requirements for more than one but normally not more than five years.
Contracted deliveries will exceed the 12 month funded delivery period
Economic Order Quantities
Term
What is incremental funding?
Definition
The phasing of total funding of programs over 2 or more FYs based upon levels & timing of obligational requirements for the funds
Differs from full funding, where funding covers the total estimated obligations for a program or project in the initial year of funding
Term
When is incremental funding most commonly used?
Definition
RDT&E Appropriations
Used when funding will cover only a portion of the obligations to be incurred in completing the program
Term
What violations may trigger the Anti-deficiency Act?
Definition
An obligation in excess of the amount appropriated or in excess of permitted by agency regulations
A contract or obligation to pay money in advance of appropriations
of the act
Term
Bona Fide Need Rule
Definition
Requires appropriated funds to be used only for goods or services in the year of the appropriations obligation period
Term
Below Threshold Reprogramming
Definition
Platinum Card
Supporting users have an ad free experience!