Tag: fiscal year

Backdoor Authority / Backdoor Spending (CongressionalGlossary.com)

Backdoor Authority / Backdoor Spending (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Backdoor Authority / Backdoor Spending A colloquial phrase for budget authority provided in laws other than appropriations acts, including contract authority and borrowing authority, as well as entitlement authority and the outlays that result from that budget authority.   Fiscal Law #1 – Overview   […]

Regular Appropriations / Supplemental Appropriations / Continuing Resolutions (CongressionalGlossary.com)

Regular Appropriations / Supplemental Appropriations / Continuing Resolutions (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Regular Appropriations / Supplemental Appropriations / Continuing Resolutions There are three types of appropriations bills considered by the Congress. Regular appropriations bills provide funding to agencies for the next fiscal year, which runs from October 1 to September 30. Supplemental appropriations bills provide additional funding […]

Budget Deficit / Budget Surplus (CongressionalGlossary.com)

Budget Deficit / Budget Surplus (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Budget Deficit / Budget Surplus   Lesson 1 National Debt & Budget Deficit Explained   The relationship between spending and revenues is reflected in the surplus or deficit figure. A surplus is an excess of revenues over outlays, while a deficit is an excess of […]

Budget Authority (CongressionalGlossary.com)

Budget Authority (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Budget Authority photo credit: Carly & Art The key terms of federal spending are budget authority, obligations, outlays, and spendout rate. Congress and the president enact budget authority in law. Budget authority allows federal agencies to incur obligations, such as entering into contracts, employing personnel, […]

Date Shifting / Fiscal Transparency / Fiscal Illusion (Congressional Glossary)

Date Shifting / Fiscal Transparency / Fiscal Illusion (Congressional Glossary)

From the Congressional Glossary – Including Legislative and Budget Terms Date Shifting / Fiscal Transparency / Fiscal Illusion One of the budgetary maneuvers used by Congress. Congress can shift scheduled payments for contracts, or even for federal employee salaries, by a few days in order to move expenditures from one fiscal year to another. For […]

Fiscal Year / Prior Year (CongressionalGlossary.com)

Fiscal Year / Prior Year (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Fiscal Year photo credit: MBoy68 Fiscal Year: Any yearly accounting period, regardless of its relationship to a calendar year. The federal government’s annual accounting period. Financial operations of the government are carried out in a 12-month accounting year, beginning on October 1 and ending on […]