This week we reviewed Budgetary Accounting and the budgeting process. As defined in your text, appropriations are an authorization for administrators to expend financial resources
This week we reviewed Budgetary Accounting and the budgeting process. As defined in your text, appropriations are "an authorization for administrators to expend financial resources on behalf of the government not to exceed the amounts specified in the appropriation ordinance or statute, for the purposes set forth in that ordinance or statute, during the period of time specified." Discuss what penalties or results would exist if an administrator were to expend more than the allotted amount on a particular expenditure. Give an example of how this might occur. Be sure to note your source and in-text citation in APA format
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started