Expenditure Transfer in the United States
Expenditure Transfer in the Federal Budget Process
Meaning of Expenditure Transfer in the congressional and executive budget processes (GAO source): For accounting and reporting purposes, a transaction between appropriation and fund accounts, which represents payments, repayments, or receipts for goods or services furnished or to be furnished.
Where the purpose is to purchase goods or services or otherwise benefit the transferring account, an expenditure transfer/transaction is recorded as an obligation/outlay in the transferring account and an offsetting collection in the receiving account.
If the receiving account is a general fund appropriation account or a revolving fund account, the offsetting collection is credited to the appropriation or fund account. If the receiving account is a special fund or trust account, the offsetting collection is usually credited to a receipt account of the fund.
All transfers between federal funds (general, special, and nontrust revolving funds) and trust funds are also treated as expenditure transfers.
Guide to U.S. Federal Budget Transfer (Budget Process)
- Budget Transfer
- Expenditure Transfer
- Nonexpenditure Transfer
Resources
See Also
- Federal Appropriations
- Entries about the United States Budget Process in the Encyclopedia (including Expenditure Transfer)
- Public Debt
Further Reading
- Legislatures and the budget process: the myth of fiscal control
(J Wehner, 2010)
- Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
- Fiscal institutions and fiscal performance
(JM Poterba, J von Hagen, 2008)
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