93–344) governing this procedure.Īnnual Financial Report (AFR) - See Performance and Accountability Report.Īnnual Financial Statements - Due to the President, the Office of Management and Budget (OMB), and Congress in mid November each year. 302(b) refers to the section of the Congressional Budget Act of 1974 (P.L. The amounts allotted by an agency cannot exceed the amount apportioned by the OMB.Īllocation Organization - Lowest "accountable" level in the USGS.Īllocations, 302(b) - After the overall level of discretionary spending is set by the annual budget resolution, the Senate and House appropriations committees suballocate funding targets to the 13 subcommittees in each chamber. An agency makes allotments pursuant to the requirements stated in OMB Circular A-34. Tables must be populated within 45 days of issue of the Treasury Warrant.
Costs are reported from the Federal Financial System daily to the Department’s ABC/PM module.Īllocation / Allotment - Distribution of funding to accounts and activities (budget line items) via the population of tables in the Federal Financial System. Tables are known as ALOT ( all otment) and SALT ( sub allo tment).
USGS is currently implementing ABC through USGS BASIS+. ABC System - Financial accounting system used to track costs.The Department of the Interior implementation of ABC/M links costs to Interior’s Strategic Plan performance to capture the cost not only of doing business but also of achieving the Department mission. Federal Accounting Standards require costing of outputs. ABC/M - A management process that examines how program activities consume resources and produce outputs.
#Congressional budget office definition code#
ABC Code - A two-digit alphanumeric code assigned at the task level and ultimately propagated down to the account structure to tie the expenditure of funds to the work and mission of the organization.The report is submitted to the Department of the Interior by the USGS Office of Budget and Performance as Form DI-520.Īctivity Based Costing (ABC) - The systematic recording and analysis of the costs of materials, labor, and overhead. USGS examples (equivalent to disciplines): Water Resources Investigations Activity, Science Support Activity.Īctivity Allotment, DI-520 - A report of the President’s recommended budget, organized by activity, showing increases and decreases relative to the previous year and the distribution of funding amounts estimated in the November Reapportionment. Confer with Rescission.Īctivity - Official Federal budget line item used to denote spending and revenue transactions. Expenditures accrue regardless of when cash payments are made, whether or not invoices have been rendered, and, in some cases, whether or not goods have been physically delivered.Īcross-the-Board - Usually refers to a percent decrease in budget spread equally across government appropriations or within an agency across bureaus or programs. All budgetary transactions are recorded in accounts, but not all accounts are budgetary in nature that is, some accounts (such as deposit fund and credit financing accounts) do not directly affect budget amounts and are used solely for accounting purposes.Īccrued Expenditures - Charges during a given period that reflect liabilities incurred and the need to pay for goods and other tangible property received, and for services performed by employees, contractors, other government accounts, vendors, carriers, grantees, lessors, and other payees. For items not provided for in appropriations acts, "accounts" means an item for which there is a designated budget account identification code number in the President's budget. The USGS has three accounts: Surveys, Investigations, and Research Working Capital Fund and Contributed Funds. The Budget Enforcement Act of 1990 defines "account" as an item for which appropriations are made in any appropriation acts. Often used synonymously with the word "appropriation." Official Federal budget line item used to denote spending and revenue transactions. One or more accounts may be set up by the Treasury for each appropriation. BPI Acronyms and Glossary (PDF Download) A B C D E F G H I J K L M N O P Q R S T U V W X Y ZĪccount - Unit of financial recordkeeping established in the Treasury to record the financial transactions related to a particular appropriation, fund, or category of receipts.
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