Tag: A-11

Changes in Mandatory Program Spending / CHIMPS (CongressionalGlossary.com)

Changes in Mandatory Program Spending / CHIMPS (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Changes in Mandatory Program Spending / CHIMPS   Sessions Unveils Amendments To Combat Billions In Spending Through Waste, Gimmicks   CHIMP is an acronym for a “CHange (either a cost or a savings) In a Mandatory Program” that is proposed or enacted in an appropriations […]

OMB Circular No. A-11 (CongressionalGlossary.com)

OMB Circular No. A-11 (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms OMB Circular No. A-11     Johnny Paycheck singing A-11     OMB Circular A-11, updated annually, instructs agencies how to prepare their budget submissions. Provides detailed guidance to executive departments and establishments by the Office of Management and Budget (OMB) for preparing and submitting […]

Apportionment (CongressionalGlossary.com)

Apportionment (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Apportionment photo credit: Joshua Rappeneker Budget Process: The action by which the Office of Management and Budget (OMB) distributes amounts available for obligation, including budgetary reserves established pursuant to law, in an appropriation or fund account. An apportionment divides amounts available for obligation by specific […]

Fund Accounting (CongressionalGlossary.com)

Fund Accounting (CongressionalGlossary.com)

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 […]

Antideficiency Act /  Antideficiency Act Violation (CongressionalGlossary.com)

Antideficiency Act / Antideficiency Act Violation (CongressionalGlossary.com)

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 […]

Rescission (CongressionalGlossary.com)

Rescission (CongressionalGlossary.com)

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 […]

Impoundments (CongressionalGlossary.com)

Impoundments (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Impoundments photo credit: oddsock Any action taken by the executive branch that delays or precludes the obligation or expenditure of budget authority appropriated by Congress. The Congressional Budget and Impoundment Control Act of 1974 was enacted after frequent use of impoundments by President Richard Nixon. […]