CLG 006 Certifying Officer Test 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

Which document verifies that funds are available to cover obligations?

Declaration of Intent

Certificate of Funding

The Certificate of Funding is the document that serves to verify that the necessary funds are available to cover specific obligations. This certificate is often issued by financial authorities or budget offices and acts as a formal affirmation that there is sufficient budgetary authorization to support expenditures for a certain project or commitment. By providing this verification, it reassures stakeholders that financial resources are secured before entering into agreements or making commitments, thus protecting against overextending financial capacities.

The other options do not fulfill this specific purpose. A Declaration of Intent typically outlines a party's intentions or plans regarding a project but does not address the availability of funds. An Audit Report assesses the accuracy of financial statements and compliance with regulations, which is important post-expenditure but does not confirm fund availability in advance. Lastly, a Contract Agreement details the terms between parties but does not verify that funds exist; it operates under the assumption that the parties have the necessary resources to fulfill their obligations.

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Audit Report

Contract Agreement

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