CBA Budget Execution & Performance Monitoring Flashcards
6 cards from real CBA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CBA Budget Execution & Performance Monitoring flashcards as text
During budget execution, what does an apportionment represent in the federal budget process?
Answer: A formal distribution of budgetary resources by OMB to agencies
An apportionment is the formal distribution of appropriated funds by the Office of Management and Budget (OMB) to agencies, authorizing them to incur obligations.
Which metric is most commonly used to measure the efficiency of budget execution?
Answer: Obligation rate as a percentage of appropriation
The obligation rate—obligations incurred divided by total appropriation—is the primary efficiency metric used to track how effectively agencies are executing their budgets.
What is a 'continuing resolution' (CR) in the context of U.S. federal budget execution?
Answer: Temporary legislation that funds government operations when appropriations are not enacted by October 1
A continuing resolution is temporary legislation that allows federal agencies to continue operations at prior-year funding levels when new appropriations have not been signed into law by the start of the fiscal year.
In federal budget execution, an 'allotment' is best described as:
Answer: An agency-level subdivision of an apportionment to organizational units
An allotment is an agency head's subdivision of an apportionment, distributing budget authority to bureaus or program offices to further control spending.
Which of the following best describes the Antideficiency Act?
Answer: Federal law prohibiting agencies from obligating or spending funds in excess of appropriations
The Antideficiency Act prohibits federal employees from obligating or expending funds in excess of, or in advance of, appropriations, with civil and criminal penalties for violations.
What is the purpose of a SF-133 'Report on Budget Execution and Budgetary Resources'?
Answer: To track the status of budgetary resources for each Treasury appropriation fund symbol during the fiscal year
The SF-133 is a standardized Treasury report that agencies file to track obligations, outlays, and remaining balances for each appropriation account throughout the fiscal year.