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People also ask
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What is the full funding rule?
The full funding policy is a federal budgeting rule imposed on the Department of Defense (DOD) by Congress in the 1950s that requires the entire procurement cost of a weapon or piece of military equipment to be funded in the year in which the item is procured. -
What does the annual funding policy apply to?
The annual funding policy applies to appropriations that are only available for obligation for one year, that is, the Operations & Maintenance (O&M) and Military Personnel appropriations. -
What are the two exceptions to the full funding policy?
Two major exceptions to the full funding policy as it applies to Procurement appropriations are advance procurement and multiyear procurement. -
What is the loa in accounting?
Definition: A Line of Accounting (LOA) is used to identify the funding source associated with an organization's budget to ensure accurate accounting transactions. -
What is the DoD accounting classification?
The DoD SLOA/Accounting Classification is a subset of SFIS data elements that is used to ensure accurate accounting transactions and interoperability between systems. -
What is the full funding rule?
The full funding policy is a federal budgeting rule imposed on the Department of Defense (DOD) by Congress in the 1950s that requires the entire procurement cost of a weapon or piece of military equipment to be funded in the year in which the item is procured. -
Is the effort fully funded per full funding policy if a future year appropriation is required for delivery of the end items?
The policy requires the total estimated cost of a complete, military usable end item or construction project funded in the year in which the item is procured. If a future year's appropriation is required for delivery of an end item, the end item is not fully funded. -
Which two of the following appropriation categories are associated with the full funding policy?
The full funding policy governs the Procurement and MILCON appropriations categories.
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