Definitions
What is status of funds?
Report that shows balances of target loads and execution status.
The status of funds is considered one of the budget analysts ________ reports to run.
"Big 3"
Who would you normally give a status of funds brief to when deployed?
Deployed Commander
What is MSgt Reilly's favorite color?
Green
What is a funding target?
A funding target serves as a spending limit for the unit.
What does the Gross Commitments show?
Total dollars executed.
If ________ are not available you will need to create a manual status of funds.
Automated Systems.
How do you calculate unobligated balance?
Annual target minus gross obligation.
What are Gross Obligations used for?
Used to show obligation rates and straight line
What are two common uses of the status of funds?
- Brief leadership on funding status
- EOM balancing
-Shows obligation rates and burn rate
- Straight line=status of execution at a specific point in time
- Assists analysts with clearing CSR management notices and overspent conditions.
What are three Details you should include in your status of funds brief?
- Who is spending?
- What is being bought?
- Total spent
- Total left/available
- Spend rate
- Be concise
How do analysts balance program with the RA?
By pulling Status of Funds
What is the Uncommitted Balance?
Remaining funds available to execute
What are the two accounting systems that you would need to pull a status of funds report for?
Legacy and DEAMS
When briefing a new commander, What is one thing you should bring with you for them to sign?
Appointment letters, DD 577s, any policy letters.
How are funding targets loaded?
Per the approved OBAD.
What is a commitment?
an administrative reservation of funds.
Name three items that may be included in a status of funds brief.
1. Funding targets
2. Gross commitments
3. Gross obligations
4. Uncommitted balance
5. Unobligated balance
What are two things to have the deployed commander review during the status of funds brief?
- Hours of operation
- check cashing policy
- Foreign currency policy
- Transportation procedures
What is recommended in order to calculate your cells when sorting?
Pivot table