Appropriations
Expired appropriations close X years after their expiration date.
What is 5 years?
MIPRs with expired POPs can be used for labor?
True
7600A
What is a Support Agreement?
CIP
What is Construction in Progress?
An accounting term referring to the temporary classification of assets under construction.
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Who is Herm?
When funds are only available to adjust previously obligations.
What is the expired phase?
MILCIP asset cost must be transferred in the same FY they are scheduled to reach BOD?
True
Requires a 95% obligation rate in 4th quarter.
What is Military Construction, Army (MCA) and Army Family Housing (AFH) Planning and Design Funds?
CIP asset costs are transferred from the USACE Construction in Progress (CIP) general ledger for what purpose?
What is to avoid double accounting for Army assets?
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Who is Claudia?
Core Concepts of Fiscal Law
What is purpose, time, and amount?
A labor cost transfer is required to clear a negative credit fund account caused by excess labor charges.
False
For direct funds only.
What is a FAD?
IAW CFO Test Plans, project closeout should be completed within X number of days after BOD.
What is 365 days?
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Who is Malik?
The three phases of an appropriation
What is available, expired, and closed/canceled?
55% of work must be accomplished using USACE Districts in-house, resources.
False
Must initiate work within 90 days of acceptance.
What is a Project Order?
The PM initiates interim fiscal review no less than 14 days prior to this meeting.
What is the Initial Red Zone Meeting (IRZM)?
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Who is Juan?
Statute prohibits making or authorizing obligations or expenditures in excess of funds.
What is the Amount Statute?
RM request is 72 hours before following up on the status of funds acceptance and PR&C certifications.
GT&C
What is General Terms and Conditions?
MFR required when DPW refuses to sign the DD 1354.
What is the Real Property Transfer Acknowledgement Memo?
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Who is Mercedes?