Tag: Fund Accounting

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 […]

Intragovernmental Transfers (CongressionalGlossary.com)

Intragovernmental Transfers (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Intragovernmental Transfers photo credit: Tom – Switzerland Collections from other federal government accounts, often as payment for goods or services provided. Most offsetting receipts from intragovernmental transfers are offset against budget authority and outlays of the agency or subfunction that produced the goods or services. […]