From the Congressional Glossary – Including Legislative and Budget Terms Expired Account / Expired Appropriation Account An appropriation account expires “[a]t midnight on the last day of an appropriation’s period of availability” and is “no longer available for incurring new obligations.” (GAO Red Book, Volume I, at 1-37.) However, an expired appropriation “remains available for … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Appropriation Act / Appropriation Bill / Continuing Resolution / Continuing Appropriations photo credit: BarelyFitz Appropriation Act: A statute, under the jurisdiction of the House and Senate Committees on Appropriations, that generally provides legal authority for federal agencies to incur obligations and to make payments out … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Appropriation / Cardinals of Congress David Hawkings’ Whiteboard: How Appropriations is Supposed to Work Appropriation: Provision of law that provides authority for federal agencies to obligate funds and to make payments out of the Treasury for specified purposes. Appropriations for the federal government … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budget Process Established by the Congressional Budget and Impoundment Act of 1974, the budget process refers to the steps necessary for adoption of a concurrent resolution on the budget, thereby creating the framework for consideration of appropriations bills and authorizing legislation. The Joint Select Committee … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budget Resolution photo credit: haydnseek Legislation in the form of a concurrent resolution setting forth the congressional budget, but not requiring the president’s signature. The budget resolution establishes various budget totals, divides spending totals into functional categories (e.g., transportation), and may include reconciliation instructions to … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Account / Appropriation Account photo credit: kenteegardin Hearing: Environmental Protection Agency Budget Account: A separate financial reporting unit for budget, management, and/or accounting purposes. All budgetary transactions are recorded in accounts, but not all accounts are budgetary in nature. Some accounts do not … Read more