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   … Read more

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, … Read more

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 … Read more

Offsetting Receipts (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Offsetting Receipts photo credit: dev null Collections that are offset against gross outlays but are not authorized to be credited to expenditure accounts. Offsetting receipts are deposited in receipt accounts. Like offsetting collections, they result from (1) businesslike transactions or market-oriented activities with the public, … Read more