From the Congressional Glossary – Including Legislative and Budget Terms Outlay photo credit: smudie Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. The issuance of checks, disbursement of cash, or electronic transfer of funds made to liquidate a federal obligation. Outlays also occur when interest on … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Supplemental Appropriation / Supplemental Appropriations Act Budget authority provided in an appropriations act in addition to regular or continuing appropriations already provided. Supplemental appropriations generally are made to cover emergencies, such as disaster relief, or other needs deemed too urgent to be postponed until the … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Deficiency Apportionment photo credit: graibeard As provided for in the Antideficiency Act (31 U.S.C. § 1515) an apportionment by the Office of Management and Budget (OMB) indicating the need for supplemental budget authority to permit payment of pay increases to civilian and military employees and … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Deficiency Appropriation photo credit: mikecogh An appropriation made to pay obligations for which sufficient funds are not available. The need often results from violations of the Antideficiency Act. Though technically distinct from a supplemental appropriation, Congress has stopped passing separate deficiency appropriations and the distinction … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Administrative Division or Subdivision of Funds Administrative Division or Subdivision of Funds: any apportionment or other distribution of an appropriation or fund made pursuant to the Antideficiency Act (31 U.S.C. §§ 1511-1519). The appropriation may be divided or subdivided administratively within the limits … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Agency Mission photo credit: IntelFreePress Agency Mission: Term used in section 1105(a)(22) of title 31 of the United States Code, which outlines content requirements for the President’s budget submission to Congress. Section 1105 requires that the President’s budget contain a statement of agency budget authority … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Agency photo credit: independentman Agency: No one definition of this term has general, governmentwide applicability. “Agency” and related terms, like “executive agency” or “federal agency,” are defined in different ways in different laws and regulations. For example, the provisions of the Budget and Accounting Act … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Rescission Panel 1: The History of the 1921 and 1974 Budget Acts Rescission: Cancellation of budget authority previously provided by Congress. Legislation enacted by Congress that cancels the availability of budget authority previously enacted before the authority would otherwise expire. The Impoundment Control … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Reduction photo credit: eamoncurry123 Cancellation of the availability of budgetary resources previously provided by law before the authority would otherwise lapse. Reductions can be account specific and across-the-board. (See also Rescission; Sequestration.) “Will the Joint Select Committee on Deficit Reduction Succeed?” by Sarah A. Binder, … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Governmental Receipts photo credit: ben_osteen Collections from the public based on the government’s exercise of its sovereign powers, including individual and corporate income taxes and social insurance taxes, excise taxes, duties, court fines, compulsory licenses, and deposits of earnings by the Federal Reserve System. Gifts … Read more