Government Procurement Certification Budget Planning & Reporting 3

Question 1

Under the Anti-Deficiency Act, which of the following actions is prohibited?

Accepted Answer

Obligating funds in excess of available appropriations

Answer

The Anti-Deficiency Act (31 U.S.C. § 1341) prohibits federal employees from obligating or spending more funds than have been appropriated by Congress.

Question 2

Which document formally allocates an agency's appropriated funds to bureaus or offices within that agency?

Accepted Answer

Allocation

Answer

An allocation is the formal distribution of funds from a department to its subordinate bureaus or offices after the OMB apportionment process.

Question 3

A program manager needs to move funds between two different budget activities within the same appropriation account. This action is called:

Accepted Answer

Reprogramming

Answer

Reprogramming moves funds within the same appropriation account between programs, projects, or activities, often requiring Congressional notification.

Question 4

What is the purpose of the Prompt Payment Act in the context of procurement budget reporting?

Accepted Answer

To mandate interest penalties on late government payments to contractors

Answer

The Prompt Payment Act requires agencies to pay proper invoices on time and pay interest penalties when payments are late, protecting contractor cash flow.

Question 5

In federal budget planning, what is the difference between 'new obligational authority' (NOA) and 'total obligational authority' (TOA)?

Accepted Answer

TOA includes NOA plus carryover from prior years; NOA is only current-year funds

Answer

TOA represents all funds available for obligation in a given year, including new appropriations (NOA) plus any prior-year unobligated balances carried over.

Government Procurement Certification Practice Test

Government Procurement Certification Practice Test

Government Procurement Certification Budget Planning & Reporting 3