Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Budget Issues: Key Questions to Consider When Evaluating Balances in Federal Accounts

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

Government Accountability Office

Paperback

General Reference

ISBN10: 1502965291
ISBN13: 9781502965295
Publisher: Createspace
Published: Oct 31 2014
Pages: 78
Weight: 0.45
Height: 0.16 Width: 8.50 Depth: 11.02
Language: English
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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