An agency has single-year, multi-year and no-year appropriations. On October 15, 2014, the agency tried to create several transactions. Is the agency authorized (allowed legally) for the following? Why or why not? Please list YES or NO for each of the following item, and then list your reaons. (e..g, Question 7, Yes, this is allowable because XYZ...)

For a multi-year appropriation, 2014 2015 (Beginning Budget Fiscal Year 2014, Ending Budget Fiscal Year 2015), could the agency start a new obligation starting on October 20, 2014? The obligation would be for goods/services that would cost more than the amount remaining in the appropriation.