--%>
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 : Explain Planning Estimate Planning

    Planning Estimate (PE): A document employed to record and monitors those present and budget year expenditure adjustments comprising budget change proposals accepted for inclusion in the Governor's Budget. PEs is broken down by department, character, f

    		•
  • Q : Examples of high debt levels companies

    Give two instances of types of companies which would be best able to handle high debt levels.Companies which handle local telephone service and those which handle natural gas delivery to consumers would be assumed to comfortably be able to handl

    		•
  • Q : Generalization Normal 0 false false

    Normal 0 false false

  • Q : Describe security Normal 0 false false

    Normal 0 false false

    		•
  • Q : What is Reference Code Reference Code :

    Reference Code: A three-digit code recognizing whether the item is from the Budget Act or some other source (example, legislation), and its character (example, state operations). This is the middle segment of the budget item or appropriation number.

    		•
  • Q : Question on aggregate supply Normal 0

    Normal 0 false false

  • Q : Define General Fund General Fund (GF):

    General Fund (GF): For lawful basis accounting and budgeting aims, the predominant fund for the financing state government programs, employed to account for revenues that are not particularly designated to be accounted for by another fund. The main so

    		•
  • Q : Explain financial markets Explain

    Explain financial markets? Why do they exist?In financial markets, financial securities are bought and sold. They exist chiefly to bring deficit economic units (those needing money) and surplus economic units (those have extra money) together.

    		•
  • Q : Describe Modigliani and Miller theory

    Describe Modigliani and Miller theory of dividends? Describe. The Modigliani-Miller theory of dividends says which dividend theory is irrelevant. They claim that it is the income generated by assets that is significant, not how funds are distr

    		•
  • Q : Explain Modified Accrual Basis Modified

    Modified Accrual Basis: The base of accounting in which revenues are acknowledged when the underlying transaction has occurred as of the last day of the fiscal year and the quantity is measurable and accessible to finance expenditures

    		•