An agency has single-year, multi-year and no-year appropriations. On October 15, 2014, the agency tried to create several transactions. Is the agency authorized (allowed legally) for the following? Why or why not? Please list YES or NO for each of the following item, and then list your reaons. (e..g, Question 7, Yes, this is allowable because XYZ...)
1. For a single year appropriation from 2014 (Beginning Budget Fiscal Year 2014), could the agency enter into a new obligation starting on October 20, 2014? The appropriation has sufficient funding to pay for the obligation, and the expense is for a category listed in the appropriation.