At any time,the remaining appropriating authority available to the fund managers is equal to:
A)Appropriations minus Expenditures
B)Appropriations minus (Encumbrances + Expenditures)
C)Appropriations minus (Encumbrances - Expenditures)
D)Appropriations minus Encumbrances

Question

Quizplus · Accepted Answer

The remaining appropriating authority available to the fund managers would be the amount of appropriations that have not been encumbered or expended yet. Therefore, we need to subtract the sum of encumbrances (commitments for future payment) and expenditures from the total appropriations to get the remaining appropriating authority. This is given by choice B.

At Any Time,the Remaining Appropriating Authority Available to the Fund