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Amounts received by the federal government during the fiscal year. Collections are classified into three major categories: (1) governmental receipts (also called budget receipts or federal receipts), (2) offsetting collections, and (3) offsetting receipts.
Governmental receipts result from the exercise of the government’s sovereign powers. Offsetting collections and receipts result from businesslike transactions with the public or transactions between appropriated activities. Offsetting collections and offsetting receipts are recorded as offsets to spending. They are offsetting collections when the collections are authorized by law to be credited to expenditure accounts. Otherwise, they are deposited in receipt accounts and called offsetting receipts.
See “Federal Receipts” or “Federal Receipts and Collections” in the Analytical Perspectives of the President’s budget.
Governmental Grants | On Behalf Payments | Revenue Recognition | Governmental Accounting | CPA exam
- America’s Fiscal Future – GAO
- GAO’s Action Tracker
- Off-Budget / Off-Budget Entities / On-Budget Entities (CongressionalGlossary.com)
- Federal Receipts, FRED, St. Louis Fed
- Historical Tables, Budget of the United States Government, FRASER, St. Louis Fed
- “Introduction to the National Flood Insurance Program (NFIP),” CRS Report R44593 (33-page PDF)
- “Department of Housing and Urban Development (HUD): Fiscal Year 2019 Budget Request Fact Sheet,” CRS Report R45166 (10-page PDF)
- “Overview of FY2018 Appropriations for Commerce, Justice, Science, and Related Agencies,” CRS Report R44877 (33-page PDF)
- “Fiscal Year 2018 National Defense Authorization Act,” CRS Report R45013 (52-page PDF)
- Congressional Operations Briefing – Capitol Hill Workshop
- Drafting Federal Legislation and Amendments
- Writing for Government and Business: Critical Thinking and Writing
- Custom, On-Site Training
- Congressional Operations Poster, with Federal Budget Process Flowchart
- Federal Budgeting, a Five-Course series on CD
- Congress, the Legislative Process, and the Fundamentals of Lawmaking Series, a Nine-Course series on CD
The Federal Budget Process 2E
Citizen’s Handbook to Influencing Elected Officials: A Guide for Citizen Lobbyists and Grassroots Advocates
CongressionalGlossary.com, from TheCapitol.Net
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