In multi-year appropriations, during a CR the carried over balance is not included in the spending limits of the CR: True or False?

Study for the Certified Defense Financial Manager (CDFM) Exam 1. Engage with flashcards and multiple choice questions, with hints and explanations for each query. Prepare confidently for your exam!

Multiple Choice

In multi-year appropriations, during a CR the carried over balance is not included in the spending limits of the CR: True or False?

Explanation:
During a continuing resolution, the government sets a temporary funding level to guide obligations for the period. For multi-year appropriations, any unobligated balance carried forward from prior years remains available and is treated as part of the funding authority under the CR. That means the carryover is counted toward the CR’s spending limits, not excluded from them. So the statement is false: the carried over balance is included in the CR’s spending limits, and the total obligations during the CR must stay within that overall limit.

During a continuing resolution, the government sets a temporary funding level to guide obligations for the period. For multi-year appropriations, any unobligated balance carried forward from prior years remains available and is treated as part of the funding authority under the CR. That means the carryover is counted toward the CR’s spending limits, not excluded from them. So the statement is false: the carried over balance is included in the CR’s spending limits, and the total obligations during the CR must stay within that overall limit.

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