Assignment    3 Operating  Targets Textbook  Assignment: RP,  Module  II,  NET  287-02-45-81,  Chapter  3,  Pages  3-1  through  3-20. 3-1. 3-2. 3-3. Learning Objective: Define and identify  the  various  types  of appropriations;   differentiate between  the  Navy  accounting cycle  and  the  normal  calendar year;  specify  whether  the  status of  an  appropriation  is  current, expired,  or  lapsed. An  appropriation  is  an  authorization  to incur  obligations  for  a  specified  time and  purpose 1. True 2. False Fiscal  year and ends on 1. True 2. False 1981 starts on 1 October 1981 30 September 1982. Most appropriations are approved for what period of time? 1. 1  year 2. 2 years 3  years 4. 4 years 3. In  answering  questions  3-4  through  3-8,  select the  appropriation  in  column  B  that  is  alluded to in column A. 3-4. 3-5. 3-6. 3-7. 3-8. A. Statements B. Appropriations Often referred to as 1. Annual a  “no-year”  appro- priation 2. Continuing Is  of  primary  con-  3.  Multiple-Year tern to the RP A  new  chapel  complex would  probably  be financed  by  this  type of  appropriation Procurement  of  missiles would be financed by this  type  of  appropriation Covers  the  current  operating and  maintenance  expenses  of the Navy 1. 13 3-9. Which  of  the  following  statements  is  TRUE concerning  a  continuing  appropriation? 1. It  is  available  for  incurring obligations  only  during  the  fiscal year  or  years  specified  in  the appropriations   act 2. It  is  made  for  incurring  obligations for   shipbuilding/conversion   projects 3. It is used for operations which are financed  by  two  or  more  appropriations 4. It  is  available  for  incurring  obliga- tions  until  the  purpose  for  which  the appropriation  was  made  is  accomplished 3-10. The  Religious  Program  Specialist  will normally  work  with  appropriations  of more  than  1  year’s  duration. 1. True 2. False 3-11. An  appropriation  that  is  no  longer available  for  incurring  obligations  but is  available  for  disbursements  to liquidate  existing  obligations  is  an expired  appropriation. 1. T r u e 2. False 3-12. A  current  appropriation  is  available  for incurring  obligations  and  making  dis- bursements  during  the  current  fiscal  year and for the next fiscal year. 1. True 2. False 3-13. The  undisbursed  balance  of  an  appropri- ation  that  is  no  longer  available  for disbursement  is  known  as  a/an closed  appropriation 2. current   appropriation 3.  expired  appropriation 4. lapsed  appropriation Learning Objective: Define funds; differentiate  between  revolving  and trust  funds;   identify  the  various  types of  revolving  and  trust  funds  which  are used  in  the  Navy  and  specify  their purpose.