Unit 4a: Resourcing and Budgeting

The fiscal year ends on 30 September and starts again on:

Which group is comprised of senior-level Wing leadership that produces Wing funding priorities and budgeting?

Which group is chaired by the Wing Comptroller and meets monthly to discuss Spend and Execution Plans?

Which plan projects the rate at which money will be obligated over the course of a fiscal year?

What is money set aside or reserved for a specific requirement?

What is used to purchase items below a specific threshold and allows the unit to bypass the Comptroller?

What is an amount of money that the government is legally bound to pay as part of a contract or GPC purchase?

What determines how money can be spent and how much of it can be spent?

If Congress cannot decide on a budget, what allows us to keep operating by allocating funds based off of last fiscal year's budget?

What happens at the end of the fiscal year to ensure all transactions have been successfully processed?