Term
| - ensuring validity of all obligations recorded on 30 Sep. |
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Definition
| What is the main objective of a closeout? |
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Term
DFAS
MAJCOM
Base/Wing Commander
Base Comptroller/FM
FMA
RA
CON
CCM
CE |
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Definition
| Name a few of the key players during a fiscal year-end closeout. |
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Term
Closeout Committee Meeting
Comptroller |
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Definition
| What meeting does the project officer or designated representative of the fiscal year-end closeout operation attend? Who is appointed as the base project officer? |
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Term
Comptroller
(Base Project Officer) |
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Definition
| Who keeps the wing/unit commanders and staff informed of the status of funds during the fiscal year-end closeout? |
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Term
| Budget / Financial Analysis Officer |
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Definition
Who requests and receives advance authority to reprogram funds between major RCMs without prior FMB approval to fund requirements on the approved base priority spend list?
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Term
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Definition
What is one of the most valuable tools available to ensure a smooth year-end closeout?
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Term
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Definition
Scenario: You are assigned to the FMA Office of BFMOC Air Wing. You have received the DFAS Guidance, MAJCOM Closeout Guidance and the FMA completed Wing Closeout Guidance. The Comptroller has tasked you to prepare a Closeout Calendar to issue all the Wing RA’s NLT 1200 today. He asked that you consider all MAJCOM, DFAS and Wing timelines while supporting command requirements.
Resources: Students should find the DFAS, MAJCOM and Wing Closeout Guidance in their student folder.
Task: Students must prepare an End-of-Year Closeout Calendar and brief the Comptroller prior to releasing to all Wing RAs. |
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