This is a budgetary tool used in governmental accounting to control spending, track revenue collections, or set aside monies for specific purposes.
What is an appropriation?
For budgetary purposes, the financial activities of the State are segregated into these two individual funds
What are the General Fund (GF) and the Special Fund (SF)?
Each year, the State prepares this comprehensive report as its official record of financial activities based on national GAAP standards[.
What is the Annual Comprehensive Financial Report
The State maintains and reports financial data on two different bases: the Budgetary/Cash Basis and this other primary basis
What is the GAAP Basis?
General Funds (except the Transportation Trust Fund) fall under this specific numerical series in Exhibit A
What is the 100 series?
The annual Appropriation Bill is enacted into law to serve as this for the State.
What is the annual operating budget?
This Special Fund category has no legislative spending limits and is not considered appropriated monies (e.g., donations, gifts, and local school funds)
What are Non-appropriated Special Funds (NSF)?
Government accounting standards and GAAP guidelines for state and local governments are established and communicated by this board
What is the Governmental Accounting Standards Board?
Under the budgetary/cash basis of accounting, revenues are recognized when cash is received and expenditures are recognized when this action occurs
What is when cash is disbursed?
Capital Projects Funds (excluding the Transportation Trust Fund and DelDOT Federal Capital) are designated by this numerical serie
What is the 300 series?
This is the smallest agency unit for which a formal appropriation is authorized by the Legislature
What is a Budget Unit?
Bond Fund monies are authorized annually by the Legislature through the passage of this bill
What is the Bond Bill (or the Bond and Capital Improvement Act)?
Under GASB criteria, financial accountability exists if a primary government appoints a voting majority of an organization's governing body and can impose its will or experience this potential financial outcome
What is the potential to provide specific financial benefits to, or impose specific financial burdens on, the primary government?
Under the GAAP basis, this specific accounting method records revenues when they are earned and measurable, and expenses when incurred?
What is the accrual basis of accounting?
Debt Service Funds for the State's portion of general obligation and capital improvement bonded indebtedness are tracked under this series
What is the 400 series?
Any further or special appropriation authorized after final action is taken on the Appropriation Bill is known by this term
What is a supplementary appropriation?
Unlike general federal grant recipients, recipients of these specific types of federal grants must wait for the actual receipt of funds prior to encumbering or expending them.
What are sub-grants or pass-through grants?
This fundamental measurement focus considers all available assets (current and long-term) and records depreciation as a charge to operations
What is the flow of economic resources?
Under the modified accrual basis, self-assessed taxes (such as income, excise, and franchise taxes) that do not meet the availability criteria are reported under this classification.
What are deferred revenues?
Internal Service Funds are categorized under this numerical series.
: What is the 700 series?
In the State's financial management system, this unique Appropriation Type Code is designated for Federal Grants.
What is Code 40?
According to Delaware Code reference 29 Del. C. §6102(a), this fund includes all monies derived from taxes, fees, permits, licenses, fines, or forfeitures not otherwise provided for by law
What is the General Fund (GF)?
This fundamental measurement focus emphasizes cash and assets that will become cash shortly, excluding long-term capital assets and long-term obligations from being recorded within a fund[
What is the flow of current financial resources?
Proprietary Funds, Pension Trust Funds, OPEB Trust Funds, and Component Units report their accounts using this specific basis of accounting
What is the accrual basis of accounting?
Under Exhibit A, Custodial Funds (such as Child Support Collections and Pass-Through funds) are encompassed within this broader numerical range.
What is the 850–899 series?