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AGA GAFRB Exam - Topic 1 Question 14 Discussion

What must a federal agency receive from the U.S. Department of the Treasury before it can begin spending an appropriation?
C) a warrant
A) an apportionment
B) an allotment
D) an 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

AGA GAFRB Exam - Topic 1 Question 14 Discussion

Actual exam question for AGA's GAFRB exam
Question #: 14
Topic #: 1
[All GAFRB Questions]

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

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Suggested Answer: C

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

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Georgiana
Yeah, I agree. Warrant is crucial for spending.
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Anjelica
5 days ago
I think it's C. a warrant.
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Sanjuana
10 days ago
Just learned that warrants come first—who knew?
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Shelba
15 days ago
Wait, are you sure it's not an allotment? Seems confusing.
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Tanja
2 months ago
Totally agree, a warrant is essential before spending.
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Sue
2 months ago
I thought it was an apportionment at first.
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Theron
2 months ago
It's definitely a warrant! That's the key step.
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Kelvin
3 months ago
Just learned this! Surprised it’s so specific.
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Kirk
3 months ago
Wait, are you sure? I thought there were other steps involved.
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Malcolm
3 months ago
Totally agree, a warrant is essential before spending.
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Glory
3 months ago
I thought it was an apportionment at first.
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Janessa
3 months ago
It's definitely a warrant! That's the key step.
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Tora
3 months ago
I keep mixing up warrant and allotment. I hope I got this right!
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Lorita
4 months ago
I practiced a similar question, and I think it was about the steps before spending. Warrant seems right.
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Mammie
4 months ago
I’m not entirely sure, but I feel like apportionments and allotments come later in the process.
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Claudia
4 months ago
I think the answer is C, a warrant. I remember that it’s the official notification from the Treasury.
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