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
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