List seven (7) risks/mitigations when allocating funds during the budget execution process?

Answer explanation

Reference: local SOP/ best unit practices.

identify the four financial data portions of the POET?

identify the type of information indicated in a Financial data elements? Select all that apply.

• type of funds executed/spent

• what unit executed/spent the funds

• When the funds will be available.

• the purpose funds were spent

Answer explanation

Reference: MCO 7300.2B. pg 3-15

Two DAI SOF reports are used by Commands to validate the Budget Authority (Commitment, Obligation, Expenditure, and Funds availability) they received per Project(s) and task(s).

• Status of Funds General Ledger Report

• Daily Transaction Report

• Status of Funds Project and Task Report

• Obligation Status Report

This DAI report contains the data from all transactions that will post once either it has been received from another feeder system e.g., GCSS-MC or a requisition within DAI is certified and receives a commitment.

• Document Level Execution Report (DLER)

• Daily Transaction Report (DTR)

• Obligation Status Report

• DAI Execution Report

This DAI report is designed to provide detailed obligating document information, including total quantity ordered, total quantity billed and unliquidated obligations ULOs.

This DAI report is designed to provide details of unmatched invoices. Unmatched invoices are identified in DAI via other disbursements that originate in an outside entitlement system. An unmatched disbursement is defined as a disbursement transaction that has been received and accepted by USMC’s accounting office but has not been matched to the correct detail obligation. 

This DAI report is utilized for internal budget execution within GCSS-MC and to reconcile against. For units supported by Supply Management Unit (SMU), the GCSS-MC DAI Execution Detail Report is utilized to reconcile against SMU charges. 

This DAI report contains Government Purchase Card (GPC) invoices are automatically created in DAI as part of the AXOL and AXOL Plus GPC process solutions. Details of invoices created for GPC processing along with any errors in attempting to create GPC invoices are viewed via the AXOL Invoice report. The supply section must run this report daily and work to resolve any issues on invoice creation/processing in DAI.

This DAI report is generated from the Oracle reports business area by searching “All commitments”. It is a detailed report of Open Commitments across purchase requests, Military Interdepartmental Purchase Request (MIPR), and interagency Orders