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Budget Issues|Government Accountability Office

Budget Issues : Key Questions to Consider When Evaluating Balances in Federal Accounts

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Overview

Although federal funding may be available to obligate for one-year, multiple years, or until expended (no-year), only accounts with multi-year or no-year funds may carry over amounts that remain legally available for new obligations from one fiscal year to the next. Carryover balances are composed of two elements: (1) unobligated funds and (2) obligated funds for which payment has not yet been made. While attention is focused on the unobligated portion, looking at both elements provides a fuller reflection of what is happening in an account. It also provides insights into opportunities for potential budgetary savings.

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Details

  • ISBN-13: 9781502965295
  • ISBN-10: 1502965291
  • Publisher: Createspace Independent Publishing Platform
  • Publish Date: October 2014
  • Dimensions: 11.02 x 8.5 x 0.16 inches
  • Shipping Weight: 0.45 pounds
  • Page Count: 78

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