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Flashcards in Resource Stewardship Deck (35)
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What is the competency of managing organizations and resources included under

Institution competency list ICL

1

Resource stewardship change management and continuous improvement our three sub competencies of what

Managing organizations and resources

2

What is the first step in resource allocation process initiated by Congress

Funds authorization

3

Refers to the careful and responsible management resources under one's control and requires ability to determine analyze and prioritize timelines for near and long-term success

Resource stewardship

4

The resource allocation process does not stop flowing down until it reaches who

The cost center managers

5

The period of time after October 1 if Congress has not approved the new fiscal year budget is called what

Continuing resolution Authority CRA

6

Refers to money set aside for specific purposes

Appropriations

7

This refers money set aside for specific purposes covers military personal pain allowances plus many other costs

Appropriations

8

Which appropriation is most important for senior NCOs to know because this is where they get funds needed to accomplish their mission

Operations and maintenance or O&M

9

After Congress authorizes funds the Air Force takes its share the provides specific amounts to major commands. the allotted funds are further divided and distributed ending at the cost center manager. The narrative best describes the process for

Resource allocation

10

Because of this the government can continue operations at a minimum level for a specific amount of time usually a few days to a few months

Continuing resolution authority

11

Saying that money is set aside for a specific purpose is called what

Appropriation

12

Which quarter of the budget cycle to cost centers begin working the first budget execution review or unfunded request

First-quarter October 31

13

In which budget cycle quarter is 25% of the budget obligated and Or spent

End of the first-quarter December 31st

14

Which quarter of the budget cycle does the RA submit the first budget execution review?

2nd Qrtr

15

In what quarter of the budget cycle do cost centers submit inputs for next fiscal year's financial execution plan

Second-quarter end of January

16

And what quarter of the budget cycle to cost center submit updated or revised budget execution reviewes

Third-quarter May

17

Which corner of the budget cycle the end of the fiscal year closeout begin and run until midnight 30 September

Fourth-quarter July 31

18

What quarter of the budget cycle does Congress approve the next fiscal year budget

Fourth-quarter September

19

Budget execution review, financial execution plan, hitting budget spending targets are the three primary focuses of what

SNCO budget cycle responsibilities

20

What helps you to cope with unforeseen expenses that pop up and through the budget off track or known expenses which cannot be covered by the current year budget

The budget execution review or BER

21

Which part of the budget execution review requires every level of command to identify validate and prioritize unfunded requirements

Part one validate prioritize submit

22

Which part of the budget execution review required each level command to review and prioritize or rack and stack all unfunded requirements

Part two review and prioritize

23

Consist of an endless round of planning and programming revising adjusting and spending and is divided into four quarters

Budget cycle

24

These appropriations include: environmental restoration, operating forces funds, mobilization, r recruiting and training, admin and service wide activities

O&M

25

Resource allocations process ends at who

Cost center manager

26

Because of this the government can continue operating at a min level for a few days to months

Continuing Resolution authority CRA

27

What helps in budgeting by providing solid planning, programming, and prudent use of funds

Financial execution plan FEP

28

What helps leaders through unforeseen expenses and situations where fall out money occurs

BER

29

When is the BER Submitted

2nd and 3rd QRTS