When budgeted expenditures are enacted into law, they are referred to as:
A) estimated expenditures.
B) encumbrances.
C) appropriations.
D) expenditures.

Question

Quizplus · Accepted Answer

Appropriations are the legal authorization by a legislative body to allocate funds for various purposes. When budgeted expenditures are enacted into law, they become appropriations, giving entities the authority to incur obligations or spend money for specified purposes.

When Budgeted Expenditures Are Enacted into Law, They Are Referred