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Module 5: Introduction to Budgeting

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Module 5: Introduction to Budgeting 1. What funding policy applies to RDT&E appropriations? Incremental Funding Annual Funding Deficit Funding Full Finding 2. True or False. The Financial Manage ... ment Regulation, 7000.14-R, directs statutory and regulatory financial management requirements, systems, and functions for all appropriated and non-appropriated, working capital, revolving, and trust fund activities. TRUE 3. Which of the following are one of the primary inputs of the Budgeting Phase? Budget Review USD(C) Leads Program Office Estimate (POE) Chairman`s Program Recommendations (CPR) Will Cost 4. Which of the following products of the Budgeting Phase are developed for the first budget year of a component`s budget submission, which covers five fiscal years? Component Budget Estimate Submissions (BES) Budget Review w/OSD-C and OMB Resource Management Decisions (RMD) Major Budget Issues (MBI) 5. When does component budgeting begin in the Budgeting Phase of the PPBE cycle? Spring of each calendar year July/August August-December February 6. Which of the following is a principle player of the Budgeting phase? OSD and OMB Budget Analysts Under Secretary of Defense (Policy) Program Review OSD (CAPE) Leads Director CAPE and the USD (Comptroller) 7. True or False: In late December, the Components revise their final budgets and begin preparing supporting documentation to incorporate the effects of all Resource Management Decisions (RMDs) for inclusion in the President's Budget. TRUE [Show More]

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