Block lll Obj. 1a (FM Questions)

Head of all Financial Management activities in the Air Force

The Federal Budget Process is also the Appropriations Process

Funding plan for the DoD/Defense Agencies

This will specify the amount of money that will go into government programs/entities.

Finance is the process of determining funding requirements, obtaining resources and applying those resources legally.

Sets overall spending limits for Federal entities

Detailed Estimates are going to be created during this portion

Prevents a Gov't shutdown

The fiscal year is from the 1st of October to the 1st of September the next year.

President’s budget is considered and budget resolution is passed

Two parts will be included, apportionment and reporting/outlay

defense/security and of the role of the military is examined

Proposed programs developed and analyzed

This is when the President sends the budget to Congress.

Issues guidance on appropriation funding responsibilities and the proper use of Air Force funds.

This gives the legal authority to spend federal money.

Who is responsible for evaluation of internal controls, procedures, and protection of gov't assets.

This happens in the Budgeting Phase and the first year of the P.O.M

This identifies resources needed for each branch of the DoD