GovAcc

GovAcc

Assessment

Flashcard

Other

University

Practice Problem

Hard

Created by

Wayground Content

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13 questions

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1.

FLASHCARD QUESTION

Front

This is an authorization issued by the DBM to NGAs to incur obligations for specified amounts contained in a legislative appropriation. What is this called?

Back

Allotment

2.

FLASHCARD QUESTION

Front

This refers to the authorization made by a legislative body to allocate funds for specific purposes. What is this called?

Back

Appropriation

3.

FLASHCARD QUESTION

Front

This term refers to the expenditure authority derived from appropriation laws, government ordinances, and other decisions. It consists of various categories such as New General Appropriations and Continuing Appropriations. What is it called?

Back

Approved Budget

4.

FLASHCARD QUESTION

Front

These are authorizations programmed annually by law that do not require periodic action by Congress. What are they called?

Back

Automatic Appropriations

5.

FLASHCARD QUESTION

Front

This includes data on appropriations, allotments, obligations, revenues, and disbursements. What is this called?

Back

Budget Information

6.

FLASHCARD QUESTION

Front

These are authorizations to support obligations for specific purposes or projects, such as multi-year construction projects, which require incurring obligations even beyond the budget year. What are they called?

Back

Continuing Appropriations

7.

FLASHCARD QUESTION

Front

These are the actual amounts spent or paid out of the budgeted amounts. What are they called?

Back

Disbursements

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