A Glossary of Terms Used in the Federal Budget Process and Related Accounting, Economic, and Tax Terms

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United States General Accounting Office, 1981 - 136 pages

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Page 81 - November 1 of such year; (f) Balanced statements of (1) the condition of the Treasury at the end of the last completed fiscal year, (2) the estimated condition of the Treasury at the end of the fiscal year in progress, and (3) the estimated condition of the Treasury at the end of the...
Page 61 - Any yearly accounting period, without regard to its relationship to a calendar year. The fiscal year for the Federal Government begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 1980 is the year beginning October 1, 1979, and ending September 30, 1980.
Page 70 - Amounts of orders placed, contracts awarded, services received, and similar transactions during a given period that will require payments during the same or a future period.
Page 54 - Budget Authority and Outlays by Function and Agency") , by major programs within each such function, and by agency. Accompanying these estimates shall be the economic and programmatic assumptions underlying the estimated outlays and proposed budget authority, such as the rate of inflation, the rate of real economic growth, the unemployment rate, program caseloads, and pay increases.
Page 77 - Development is the systematic use of the knowledge and understanding, gained from research, directed toward the production of useful materials, devices, systems, or methods, including design and development of prototypes and processes.
Page 43 - Such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government.
Page 57 - The program or organizational entity for which budgets are prepared and for which a manager makes significant decisions on the amount of spending and the scope or quality of work to be performed.
Page 51 - CONCURRENT RESOLUTION ON THE BUDGET A resolution passed by both Houses of Congress, but not requiring the signature of the President, setting forth, reaffirming, or revising the congressional budget for the United States Government for a fiscal year.
Page 41 - Authorization committee A standing committee of the House or Senate with legislative jurisdiction over the subject matter of those laws that establish or continue the operation of federal programs or agencies.
Page 85 - Notwithstanding any other provision of law, any request for the enactment of legislation authorizing the enactment of new budget authority to continue a program or activity for a fiscal year (beginning with the fiscal year commencing October 1, 1976) shall be submitted to the Congress not later than May 15 of the year preceding the year in which such fiscal year begins.

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