Services General-Unit3

The flashcards below were created by user Anonymous on FreezingBlue Flashcards.

  1. Who allocates appropriated money?
  2. For what are operations and maintenance funds used?
    Day-to-day operations of the organization.
  3. At what level are procurement funds controlled?
  4. By when must fallout funds be spent?
    By the end of the fiscal year
  5. What are the sources of nonappropriated funds?
    AAFES; local fees and charges, membership dues, and proceeds from the sale of merchandise and services from Services activities; contributions and donations; and income from other sources, including concessionaire-operated activities.
  6. For what type of activities are Category A funds used?
    Mission sustaining
  7. For what type of activities are Category B funds used?
    Basic community support
  8. For what type of activities are Category C funds used?
    Revenue generating
  9. What is the first step in the budgeting process?
    Identify and understand the unit's mission
  10. What is the second step in the budgeting process?
    Establish the activity's goal
  11. What is the third step in the budgeting process?
    Determine the requirements for achieving the goals.
  12. What are the three levels of budgeting responsibilities?
    Operational, administrative, and policy
  13. Which budget does Services use to obtain authorized APF to support the Services squadron requirements?
  14. By what other name is the NAF income and expense budget known?
  15. At base level, who is the single custodian for all NAF assests, unless another individual is appointed as directed by AFI 34-201?
    Resource management flight chief
  16. Who provides accounting support to the Services activities?
    NAF AO
  17. What is a plan of organization and all of the methods and measures used to safeguard resources; assure accuracy and reliability of information; assure adherance to applicable laws, regulations, and policies; and promote operational economy and efficiency?
    Internal controls
  18. Who identifies the assessable units within their command and appoint an installation focal point to administer the Internal Management Controls program?
    Installation commander
  19. What are possible outcomes of a loss investigation?
    Simple negligence; gross negligence; joint and severe liability; willful misconduct; proximate cause.
  20. Who has the responsibility of preventing losses from happening?
    All AF military and civilian personnel
  21. Who conducts an informal review for losses up to and including $50?
    Activity manager
  22. The activity manager conducts a review and provides a brief written explanation to whom for losses over $50 and up to and including $250?
  23. Who appoints an individual to conduct an inquiry for losses over $250, up to and including $1000 and for losses of $250 or less that appears to involve negligence or willful misconduct?
    Services commander or director
  24. Who appoints an investigating officer to conduct an investigation for lesses that exceed $1000?
    Installation commander
  25. Who signs a receipt to establish accountability for cash and property transferred to his or her custody?
  26. Who approves funds storage limits in accordance with AFI 31-101?
    Installation commander
  27. Who may adjust an incorrectly run sale on a subsequent sale?
    No one.
  28. When may cashiers use marked money?
    During the normal course of business for change
  29. Who makes a surprise cash count at least once a quarter for receipts on hand, change funds and imprest funds?
    Activity manager or designated representative, who is not involved with the cash function.
  30. What do activity managers do to keep cash on hand to a minimum?
    Making a daily deposit to the central cashier or financial institution.
  31. Who may use imprest funds for a designated purpose with special controls and limitations?
  32. What Air Force form is used by the RMFC to maintain change and imprest fund cash accountability at all times?
    AF Form 2557
  33. Where are blank check stock,coupons, tokens and gift certificates stored?
    Locked room, locked container, or safe.
  34. When is the use of the "No Sale" key instead of using a cash register key permitted to open the cash register?
    If a cashier is logged onto a register
  35. What is the primary consideration during a robbery?
    Safeguarding of human life.
  36. When it is safe, who should be telephoned and notified that a robbery has been committed?
  37. Why should the scene of a robbery be secured?
    To avoid unnecessary handling of evidence, safeguard evidence for (SF), and avoid disturbing any fingerprints left by the robber.
Card Set:
Services General-Unit3
2012-01-26 16:46:43
TSgt Study

Financial Management
Show Answers: