Unified Budget (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Unified Budget   Funding the Government: The Budget Process and Omnibus Spending Bills [Article I Initiative]   Under budget concepts set forth in the Report of the President’s Commission on Budget Concepts (October, 1967), a comprehensive budget in which receipts and outlays from federal and … Read more

Nonbudgetary / Non-Budgetary (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Nonbudgetary A term used to refer to transactions of the government that do not belong within the budget. Nonbudgetary transactions (such as deposit funds, direct loan and loan guarantee financing accounts, and seigniorage) do not belong in the budget because they do not represent net … Read more

On-Budget (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms On-Budget photo credit: neelaka All budgetary accounts other than those designated by law as off-budget. On-budget entities are federal agencies and programs that are fully reflected in the totals of the president’s budget and the congressional budget resolution. Also see Nonbudgetary; Off-Budget / Off-Budget Entities … Read more

Government-Sponsored Enterprise (GSE) (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Government-Sponsored Enterprise (GSE) photo credit: futureatlas.com A privately owned and operated federally chartered financial institution that facilitates the flow of investment funds to specific economic sectors. GSEs, acting as financial intermediaries, provide these sectors access to national capital markets. The activities of GSEs are not … Read more

Mixed-Ownership Government Corporation (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Mixed-Ownership Government Corporation photo credit: Lori L. Stalteri An enterprise or business activity designated by the Government Corporation Control Act (31 U.S.C. § 9101) or some other statute as a mixed-ownership government corporation. The fiscal activities of some mixed-ownership government corporations appear in the budget. … Read more

Wholly-Owned Government Corporation (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Wholly-Owned Government Corporation An enterprise or business activity designated by the Government Corporation Control Act of 1945 (31 U.S.C. § 9101) or some other statute as a wholly-owned government corporation. Each such corporation is required to submit an annual business-type statement to the Office of … Read more

Working Capital Fund (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Working Capital Fund photo credit: General Wesc A type of intragovernmental revolving fund that operates as a self-supporting entity that conducts a regular cycle of businesslike activities. These funds function entirely from the fees charged for the services they provide consistent with their statutory authority. … Read more

Revolving Fund (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Revolving Fund photo credit: Orbisnonsuficit A fund established by Congress to finance a cycle of businesslike operations through amounts received by the fund. A revolving fund charges for the sale of products or services and uses the proceeds to finance its spending, usually on a … Read more

Standard General Ledger (SGL) Chart of Accounts (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms photo credit: TimothyJ A chart of accounts (and technical guidance) established to support the consistent recording of financial events as well as the preparation of standard external reports required by the Office of Management and Budget (OMB) and the Department of the Treasury. Agencies are … Read more