--%>
Assignment Help - homework help

Explain Appropriation

Appropriation: The authorization for a particular agency to make expenditures or make obligations from a particular fund for a particular purpose. It is generally limited in amount and period of time during which the expenses is to be recognized. For illustration, appropriations made by the Budget Act are obtainable for encumbrance for 1-year, unless or else specified. Appropriations made by other legislation are obtainable for encumbrance for 3-years, unless or else specified, and appropriations stating “without regard to fiscal year” shall be obtainable from year to year until totally expended. Legislation or the California Constitution can offer continuous appropriations, and voters can also build appropriations by approving ballot measures. The appropriation shall be obtainable for encumbrance throughout the period specified therein, or when not specified, for a period of 3-years after the date on which it first became obtainable for encumbrance. Apart from for federal funds, liquidation of encumbrances should be within 2-years of the expiration date of the period of accessibility for encumbrance, at which time the undisbursed (that is, unliquidated) balance of the appropriation is reverted back into the fund. The Federal funds encompass 4-years to liquidate.

   Related Questions in Finance Basics

  • Q : Describe price–quantity effects Normal

    Normal 0 false false

    		•
  • Q : What is Uniform Codes Manual Uniform

    Uniform Codes Manual (UCM): It is a document sustained by the Department of Finance that sets standards for codes and different other information employed in state fiscal reporting systems. Such codes recognize, for illustration, prog

    		•
  • Q : Estimation of expected incremental cash

    How do we estimate expected incremental cash flows for proposed capital budgeting project? We estimate expected incremental cash flows for proposed project through estimating the changes in sales and expenses which are incremental to the project

    		•
  • Q : Explain compound interest Normal 0

    Normal 0 false false

  • Q : What are Summary Schedules Summary

    Summary Schedules: Different schedules in the Governor’s Budget Summary that summarize state revenues, expenditures and other fiscal and personnel data for the past, present, and budget years.

    		•
  • Q : Association of net present value to

    Normal 0 false false

    		•
  • Q : Define Obligations Obligations : The

    Obligations: The amounts that a governmental unit might legally be needed to pay out of its resources. Budgetary authority should be obtainable before obligations can be formed. For budgetary aims, obligations comprise payables for goods or services r

    		•
  • Q : Define the term Program Cost Accounting

    Program Cost Accounting (PCA): The level of accounting which identifies costs by activities executed in achievement of a purpose in contrast to the traditional line-item format. The aim of accounting at this level is to generate cost data adequately a

    		•
  • Q : Basic determinant of transactions

    Normal 0 false false

  • Q : Why coefficient of variation is better

    Why is the coefficient of variation frequently a better risk measure while comparing different projects than the standard deviation?Whenever we desire to compare the risk of investments which have different means, we employ the coefficient of va

    		•