--%>

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 : Define Sponsor Sponsor : It is an

    Sponsor: It is an individual, group, or organization which initiates or brings to a Legislator's attention a proposed law modification.

  • Q : Label equilibrium price P-equilibrium

    Normal 0 false false

  • Q : What is Debt Financing Debt Financing :

    Debt Financing: Whenever a firm raises money for the working capital or capital expenses by selling bonds, bills, or notes to individual and or institutional investors. In return for lending money, the individuals or institutions become creditors and

  • Q : Sensitivity analysis report ABC Company

    ABC Company manufactures three types of products and has provided you with the following linear problem: Max Z=15X1+20X2+14X3 (Total profit)s.t.5X1+6X2+4X3<=210 (Total labor hours available)10X1+8X2+5X3<=200

  • Q : Describe most conservative capital

    Describe most conservative type of working capital financing plan a company could implement? clarify. An all equity capital structure would be the most conservative kind of working capital financing plan approach. The more long-term financing

  • Q : Determine level of productivity in this

    Normal 0 false false

  • Q : Describe the three financial factors

    Normal 0 false false

  • Q : Relationship which MPC bear to the size

    Normal 0 false false

  • Q : What is Victim Compensation and

    Victim Compensation and Government Claims Board, California: It is an administrative body in state government exercising quasi-judicial powers (that is, power to make rules and regulations) to set up an orderly procedure by which the Legislature will

  • Q : Describe the sales forecasting procedure

    Describe the sales forecasting procedure.This is a group effort. Usually sales and marketing personnel provide assessments of demand and the competition. Usually, production personnel provide estimates of manufacturing capacity and other product