Legal Foundations of the Government Financial Environment Flashcards
1
Q
Appropriated budget
A
Legal authority to spend as well as a legal constraint on government spending
2
Q
Continuing resolution
A
allows government to continue operations for a limited period until budget appropriation is passed.
3
Q
Special fund
A
a fund established to account for the collection of revenues that can be spent for specified purposes.
4
Q
Earmark
A
one-time spending provision specified in an appropriations statute
5
Q
Authorization
A
A bill that approves programs.
6
Q
Program
A
Purpose of the spending
7
Q
Object Class (line-item)
A
The specific good or service
8
Q
Apportionment
A
dispersal of budgetary authority to an agency or program to support approved programs.
9
Q
Government Financial MgmT cycle
A
Planning>Programming>Budget>Operations>Accounting>Reporting>Audit>Planning
