AGA GAFRB Exam - Topic 1 Question 14 Discussion

Actual exam question for AGA's GAFRB exam

Question #: 14
Topic #: 1

What must a federal agency receive from the U.S. Department of the Treasury before it can begin spending an appropriation?

Aan apportionment

Ban allotment

Ca warrant

Dan encumbrance
A Treasury warrant is the formal notification from the U.S. Department of the Treasury that funds have been made available to a federal agency. Agencies cannot legally obligate or expend appropriated funds until a warrant has been issued.
Apportionments and allotments come afterward in the budget execution process.
Relevant Reference:
Treasury Financial Manual (TFM), Volume I, Part 2
OMB Circular A-11 -- Budget Execution
GAO Red Book -- Appropriations Law
Answer : C. a warrant

Show Suggested Answer

Suggested Answer: C

by Stevie at Mar 05, 2026, 04:53 AM

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Lorita

11 hours ago

I practiced a similar question, and I think it was about the steps before spending. Warrant seems right.

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Mammie

6 days ago

I’m not entirely sure, but I feel like apportionments and allotments come later in the process.

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Claudia

11 days ago

I think the answer is C, a warrant. I remember that it’s the official notification from the Treasury.

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