Updating Budget Forecasting Quiz

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What is the time frame for providing budget training according to the given text?

20-31 May

1-25 Jul

1-30 Sep

15-20 May (correct)

Who is responsible for prioritizing the consolidated NAF Requirements Budgets?

Activity managers (correct)

NAFFA

FSS/CC or director

Installation commander

When are the final budgets supposed to be approved or disapproved according to the schedule?

1-25 Jul

1-30 Jun

26-31 Jul (correct)

1-15 Aug

Who is in charge of distributing the approved budgets to managers, MAJCOMs, and others as appropriate?

FSS/CC or director or budget working committee Signup and view all the answers

What action should be taken by RM or NAFFA by 16-31 Aug according to the schedule?

Review and finalize all budgets prior to submission for approval Signup and view all the answers

What should managers do when preparing an NAF budget?

Project sales and expenses by month Signup and view all the answers

How can high dollar expenses from NAF Requirements budget be managed in the overall budget?

Recorded as pre-paid and expensed over time Signup and view all the answers

Why do managers consider upcoming events when preparing their budget?

To anticipate any increase or decrease in sales and expenses Signup and view all the answers

What is the significance of the NAF I&E budget being broken down by month?

To project sales and expenses for each month Signup and view all the answers

How can managers prevent an extreme variance in the overall budget?

Expensing high dollar items over time Signup and view all the answers

Who is responsible for generating the budget with guidance from the RM and NAFFA?

Activity managers Signup and view all the answers

When does FSS update budgets at a minimum?

Every quarter Signup and view all the answers

Who ensures management receives budget training if needed?

RM Signup and view all the answers

What document further shows the different NAF budgeting schedules and management responsibilities?

DAFI 34-101 Signup and view all the answers

Who is involved in preparing budgets from the approval of the installation commander down to the activity manager?

All staff members Signup and view all the answers

What should managers do if work orders for recurring problems do not resolve a repeat issue or the facility needs a renovation?

Seek assistance from the Real Property Manager within CE Signup and view all the answers

What are CATCODES in the context of facility management?

Structural and equipment items listed for facility funding Signup and view all the answers

Why might managers in Services need to be familiar with CATCODES?

To identify structural and equipment items funded by CE Signup and view all the answers

What role does the Real Property Manager within CE play in facility management?

Assigning CATCODES to facilities Signup and view all the answers

How can managers advocate for the needs of their facility in terms of facility improvement requirements?

By seeking assistance from the Real Property Manager within CE Signup and view all the answers