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 General Services Administration / GSA The U.S. General Services Administration (GSA) supports the mission of all federal agencies by providing them with workspace, acquisition services, administrative policies, and citizen engagement tools, so that they can focus on achieving their respective missions. GSA consists of two … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budgetary Reserves photo credit: Marine Corps Archives & Special Collections Portions of budgetary resources set aside (withheld through apportionment) by the Office of Management and Budget (OMB) by authority of the Antideficiency Act (31 U.S.C. § 1512) solely to provide for contingencies or to effect … 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 Working Capital Fund photo credit: General Wesc A type of intragovernmental revolving fund that operates as a self-supporting entity that conducts a regular cycle of businesslike activities. These funds function entirely from the fees charged for the services they provide consistent with their statutory authority. … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Revolving Fund photo credit: Orbisnonsuficit A fund established by Congress to finance a cycle of businesslike operations through amounts received by the fund. A revolving fund charges for the sale of products or services and uses the proceeds to finance its spending, usually on a … Read more