From the Congressional Glossary – Including Legislative and Budget Terms Appropriated Entitlement photo credit: rainy city Appropriated Entitlement: an entitlement whose source of funding is in an annual appropriation act. However, because the entitlement is created by operation of law, if Congress does not appropriate the money necessary to fund the payments, eligible recipients may … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Allotment photo credit: stvcr Allotment, an authorization by either the agency head or another authorized employee to his/her subordinates to incur obligations within a specified amount. Each agency makes allotments pursuant to specific procedures it establishes within the general apportionment requirements stated in OMB Circular … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Reapportionment / Redistricting / Gerrymander photo credit: faul Budget Process: A revision of a previous apportionment of budgetary resources for an appropriation or fund account. The Office of Management and Budget (OMB) reapportions just as it apportions. Agencies usually submit requests for reapportionment to OMB … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budgetary Reserves photo credit: Marine Corps Archives & Special Collections Portions of budgetary resources set aside (withheld through apportionment) by the Office of Management and Budget (OMB) by authority of the Antideficiency Act (31 U.S.C. § 1512) solely to provide for contingencies or to effect … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Congressional Budget and Impoundment Control Act of 1974 The 1974 Congressional Budget and Impoundment Control Act (Pub.L. 93-344, 88 Stat. 297, July 12, 1974) 2 U.S.C. Chapter 17A, Congressional Budget and Fiscal Operations) requires the House and Senate each year to adopt a concurrent resolution … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Concurrent Resolution on the Budget photo credit: JPC24 The Concurrent Resolution on the Budget is often referred to as the Congressional Budget. A concurrent resolution adopted by both chambers of Congress as part of the annual budget and appropriations process, setting forth an overall budget … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budget Enforcement Act of 1990 P.O. Arnäs The Budget Enforcement Act of 1990, Pub. L. No. 101-508, title XIII, 104 Stat. 1388, 1388-573 (Nov. 5, 1990), was adopted to replace the Gramm-Rudman-Hollings Act of 1987, as a response to the budget crisis that persisted through … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Fund Accounting photo credit: marc falardeau Commonly used to refer to the administrative system of funds control that each agency establishes to ensure compliance with federal fiscal laws. The statutory basis for fund accounting is found primarily in the requirement of the Antideficiency Act that … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Antideficiency Act / Antideficiency Act Violation photo credit: .through my eyes. The Antideficiency Act is a federal law (Pub.L. 97-258, 96 Stat. 923, 1982, 31 U.S.C. §§ 1341-1342, 1511-1519) that: Prohibits the making of expenditures or the incurring of obligations in advance of an appropriation … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Pay-as-You-Go (PAYGO) photo credit: lobo235 A budgetary enforcement mechanism, a process by which direct spending increases or revenue decreases must be offset so that the deficit is not increased or the surplus reduced. A statutory PAYGO requirement was in effect from 1991 through 2002; the … Read more