Appropriation: <\/strong>An action by the General Assembly authorizing withdrawal of funds from the State treasury pursuant to Article V, Sec. 7 of the North Carolina Constitution. An enactment by the General Assembly that authorizes, specifies, or otherwise provides that funds may be used for a particular purpose is not an appropriation.<\/p>\n\n\n\n Authorized Budget: <\/strong>The working budget composed of the certified budget plus allowable budget revisions and adjustments authorized in G.S. 143C-6-4.<\/p>\n\n\n\n Availability: <\/strong>A reference to the total amount of money available, including unreserved fund balance and all receipts and revenue anticipated in a fiscal year.<\/p>\n\n\n\n Availability Statement: <\/strong>A list of revenue anticipated to offset the expenditures or appropriations included in the budget bill.\u00a0 <\/strong>G.S. 143C-5-3 requires the legislature to include a list or statement in the annual appropriations act for the General Fund, Highway Fund, and Highway Trust Fund.<\/p>\n\n\n\n Base Budget: <\/strong>The part of the State budget that provides the baseline for the next biennium.\u00a0 The authorized budget is used as the starting point and adjusted for federal payroll taxes, annualization of programs and positions, adjustments for recurring and nonrecurring items during a prior fiscal biennium, adjustments for receipt projections, and reconciliation of inter- and intra-governmental transfers.\u00a0 Section 6.4 of S.L. 2014-100 amended the State Budget Act, repealing G.S. 143C-1-1(d)(7a), the definition of Continuation Budget and added G.S. 143C-1-1(d)(1c) establishing the Base Budget.<\/p>\n\n\n\n Biennium: <\/strong>The two fiscal years beginning on July 1 of each odd-numbered year and ending on June 30 of the next odd-numbered year.<\/p>\n\n\n\n Bill Figures: <\/strong>Specific\nappropriations, found at the beginning of the annual appropriations act, for\nState agencies and other items of statewide significance such as pension and\nemployee compensation adjustments. In the first year of a biennium (a two-year\nbudget) these amounts represent only that portion of each agency’s total\nappropriation derived from general purpose revenue (such as sales and income\ntaxes). In the second year of a biennium these numbers represent changes to the\noriginally enacted appropriations made in the first year of the biennium. Agency receipts and other sources of funding are appropriated by reference to\nthe Governor’s Recommended Budget.<\/p>\n\n\n\n Budget Technical Corrections: <\/strong>A\nbill introduced (following enactment of the main budget bill) to address technical\nissues or errors in the enacted budget. Other non-technical items may be\nincluded in the bill.<\/p>\n\n\n\n Capital Improvements: <\/strong>Nonrecurring\nappropriations for new construction, rehabilitation or repairs of existing\nfacilities, and real property acquisition.<\/p>\n\n\n\n Carryforward: <\/strong>Funds\nappropriated but unspent in a fiscal year that are brought forward for\nexpenditure in the following year.<\/p>\n\n\n\n Certificates of Participation (COPs): <\/strong>Tax-exempt bonds issued by government entities usually secured with the pledge of appropriation. COPs enable governmental entities to finance capital projects such as prisons, office buildings, and land. Backed by a pledge of appropriation, this type of special indebtedness does not pledge the faith and credit of the State and does not require voter approval.<\/p>\n\n\n\n Certified Budget: <\/strong>The budget as enacted by the General Assembly, including adjustments made for 1) distributions to State agencies from statewide reserves appropriated by the General Assembly, 2) distributions\nof reserves appropriated to a specific agency by the General Assembly, and 3) organizational or budget changes mandated by the General Assembly.\n\n\n\n Committee Report (Money Report): <\/strong>A compilation of all legislative adjustments made to the Governor’s Recommended Base Budget. The Committee Report lists each adjustment and provides a brief description along with guidance on specific items or explicit legislative intent. This report is used to construe the intent of the appropriations act (G.S. 143C-5-5).<\/p>\n\n\n\n Consensus Revenue Forecast: <\/strong>A\nstatement of anticipated taxes, fees, and other money the State General Fund is\nexpected to receive during a fiscal year, independently developed by the Fiscal\nResearch Division and the Office of State Budget and Management. The consensus\nforecast may be used by the Governor and the General Assembly when formulating\ntheir respective budgets.<\/p>\n\n\n\n Contingency and Emergency Fund: <\/strong>A special fund, which the Director of the Budget may expend for emergencies or other unanticipated needs with approval by the Council of State and as authorized by G.S. 143C-4-4.<\/p>\n\n\n\n Continuing Resolution (CR): <\/strong>A short-term appropriations bill that keeps State government funded and operating when the legislature fails to enact a new biennial budget prior to June 30th<\/sup>. The need for and composition of a CR varies but most often extends the State’s spending authority at specified levels and for a specified period of time.<\/p>\n\n\n\n Current Operations: <\/strong>The\ncosts associated with the daily activity of programs supported by the State,\nsuch as salaries, utilities, and travel; excludes capital improvements and\nrepairs and renovation costs.<\/p>\n\n\n\n Debt Service Fund: <\/strong>A\nbudgeting and account entity used to administer the accumulation of funds and\nthe payment of general long-term debt principal and interest.<\/p>\n\n\n\n (Departmental) Receipts: <\/strong>Fees,\nlicenses, federal funds, grants, fines, penalties, tuition, and other similar\ncollections or credits generated by State agencies in the course of performing\ntheir governmental functions that are applied to the cost of a program\nadministered by the State. Departmental receipts may include funds transferred\ninto a fiscal year from a prior fiscal year.<\/p>\n\n\n\n Enacted Budget: <\/strong>The budget as enacted by the General Assembly in the annual Current Operations Appropriations Act in accordance with Article 5 of Chapter 143C. The enacted budget usually includes items funded through various reserves but not yet distributed to State agencies. Examples include the funding needed to bring a new building online during the fiscal year and funds anticipated for economic incentive projects. Encumbrance: <\/strong>A financial obligation created by a purchase order, contract, salary commitment, unearned or prepaid collections for services provided by the State, or other legally binding agreement.<\/p>\n\n\n\n Entitlement: <\/strong>A government\nprogram that provides individuals, state and local governments, with personal\nfinancial benefits or services to which an indefinite number of potential\nbeneficiaries have a legal right (enforceable in court, if necessary) whenever\nthey meet eligibility conditions that are specified by the standing law that\nauthorizes the program. The best known example of an entitlement program at the\nstate level is Medicaid.<\/p>\n\n\n\n Enterprise Fund: <\/strong>A fund\nused to account for any activity for which a fee is charged to non-state\nentities for goods or services and for which that fee is the principal source\nof revenue. Examples include the N.C. State Lottery Fund and the N.C. State\nFair.<\/p>\n\n\n\n Exempt from the Human Resources Act (EHRA): <\/strong>A designation (previously referred to as EPA) for government positions not subject to Chapter 126, the State Human Resources Act and the policies, procedures and rules adopted by the State Human Resources Commission.<\/p>\n\n\n\n Expansion Budget: <\/strong>The part of the State budget that provides for new programs, growth of existing programs, and increases in salaries and benefits.<\/p>\n\n\n\n Fiscal Note: <\/strong>A formal fiscal estimate, including a brief statement of costs and revenue impact, for the first five fiscal years the legislation would be in effect. G.S. 143C-2-3 requires a State agency proposing a bill that affects the State budget to prepare a fiscal analysis for the bill and submit the analysis to the Fiscal Research Division upon introduction of the bill.<\/p>\n\n\n\n Full Time Equivalent (FTE): <\/strong>A unit used to quantify staffing.\u00a0 One FTE (1.0) is a full-year, 40-hour-per-week position.<\/p>\n\n\n\n Fund: <\/strong>A fiscal and\naccounting entity with a self-balancing set of accounts recording cash and\nother resources, together with all related liabilities and residual equities or\nbalances, and changes therein, for the purpose of carrying on stated programs,\nactivities, and objectives of State government.<\/p>\n\n\n\n General Fund Operating Budget: <\/strong>The sum of all appropriations from the General Fund for a fiscal year, except appropriations for (i) capital improvements, including repairs and renovations, and (ii) one-time expenditures due to natural disasters or other emergencies.<\/p>\n\n\n\n General Fund: <\/strong>The fund to\nwhich revenues are deposited that are not designated for special purposes and\nare therefore available to support the general operations of State government.<\/p>\n\n\n\n General Obligation Bond: <\/strong>Bonds\nused for funding permanent public capital improvements such as buildings and\nroads. The repayment of these bonds is made from the levy of taxes, and voter\napproval is required per the NC Constitution.<\/p>\n\n\n\n General Purpose Revenue: <\/strong>Revenue derived primarily from taxes and various fees not required by law to be deposited into a specific fund other than the General Fund and are not designated for special purposes.<\/p>\n\n\n\n Highway Fund: <\/strong>The special revenue fund to which revenue designated for transportation-related operations, maintenance, and improvements is deposited.<\/p>\n\n\n\n Highway Trust Fund: <\/strong>A special revenue fund established in 1989 for the completion of certain specified highway construction projects.\u00a0 The Highway Trust Fund is used to fund projects selected through the Strategic Transportation Investments Act (S.L. 2013-183), N.C. Turnpike Authority projects, administrative costs, and transportation debt.<\/p>\n\n\n\n Internal Service Fund: <\/strong>A fund that accounts for any activity that provides goods or services to other funds, departments, or agencies of the State and its component units, or to other governments on a cost-reimbursement basis.<\/p>\n\n\n\n Lapsed Salaries: <\/strong>Surplus funds resulting from the salary and associated benefits not expended for temporarily vacant positions. G.S. 143C-6-9 prohibits the use of lapsed salaries for recurring purposes.<\/p>\n\n\n\n Management Flexibility Reserve: <\/strong>A\nmethod by which a legislatively mandated budget reduction is imposed without\ndetailing the specific lines of expenditure to be decreased. This method is\nalso known as a negative reserve.<\/p>\n\n\n\n Negative Reserve: <\/strong>A budget\nreduction imposed without detailing the specific lines of expenditure to be\ndecreased. (See also management flexibility reserve.)<\/p>\n\n\n\n Net General Fund\nAppropriation: <\/strong>An appropriation of the General Fund\u2019s general purpose\nrevenue. Total requirements \u2013 departmental receipts = net General Fund\nappropriation. (See also total requirements and departmental receipts.)<\/p>\n\n\n\n Nonrecurring: <\/strong>A term applied to revenue or expenditures that are for one year only.<\/p>\n\n\n\n Nontax Revenue: <\/strong>Revenue\nthat is not a tax proceed or a departmental receipt and that is required by law\nto be credited to a specific fund.<\/p>\n\n\n\n Receipts: <\/strong>See Departmental Receipts<\/p>\n\n\n\n Repairs and Renovation Reserve: <\/strong>A reserve in the General Fund to provide for the repair and renovation of State facilities and related infrastructures that are supported from the General Fund. (G.S. 143C-4-3)<\/p>\n\n\n\n Requirements:\n<\/strong>See Total Requirements<\/p>\n\n\n\n Reversion: <\/strong>The unexpended, unencumbered balance of an appropriation at fiscal year-end that reverts, as required by law, to the fund from which the appropriation was made.<\/p>\n\n\n\n Salary Reserve: <\/strong>Funds that accumulate when a position is downgraded or filled at a salary amount less than the amount at which it was budgeted. Salary reserve can be used to increase the salary of other positions due to promotion and\/or reclassification or filling a position at a salary higher than that at which the position was vacated.<\/p>\n\n\n\n Savings Reserve Account: <\/strong>A component of the unappropriated General Fund balance that is maintained as a reserve to address unanticipated events and circumstances such as natural disasters, economic downturns, threats to public safety, health, and welfare, and other emergencies. (G.S. 143C-4-2)<\/p>\n\n\n\n Self-Liquidating Debt: <\/strong>Debt\nobligations whose principal and interest are payable primarily from the\nearnings of enterprises for the construction or improvement of which they were\noriginally issued.<\/p>\n\n\n\n Special Provisions: <\/strong>Language\ncontained in the annual appropriations bill that sets forth legislative\nexpectations and directives that govern the expenditure of funds and other\nrequirements. Special provisions have the force of law and typically pertain directly to\nthe budget and may be substantive, amending existing laws or creating new laws.<\/p>\n\n\n\n State Agency: <\/strong>A unit of the\nexecutive, legislative, or judicial branch of State government, including\ndepartments, institutions, divisions, commissions, boards, councils, and\nconstituent campuses of The University of North Carolina. The term does not\ninclude a unit of local government or a public authority.<\/p>\n\n\n\n State Funds: <\/strong>Any moneys,\nincluding federal funds, deposited in the State treasury, except monies\ndeposited in a trust fund or agency fund as described in G.S. 143C-1-3.<\/p>\n\n\n\n Special Revenue Fund: <\/strong>A fund\nused to account for revenue designated by law for a specific purpose; revenue\ndeposited must remain in the fund until expended for that purpose.<\/p>\n\n\n\n Statutory Appropriation: <\/strong>An\nappropriation that authorizes the withdrawal of funds from the State treasury\nduring fiscal years extending beyond the current fiscal biennium, without\nfurther act of the General Assembly.<\/p>\n\n\n\n Subject to the Human Resources Act (EHRA): <\/strong>A designation (previously referred to as SPA) for government positions that are subject to Chapter 126, the State Human Resources Act and the policies, rules and procedures adopted by the State Human Resources Commission.<\/p>\n\n\n\n Tax Expenditures: <\/strong>Revenue that the State foregoes through the provisions of State law that allows (1) deductions, exclusions or exemptions from the taxpayers\u2019 taxable income, (2) deferral of tax liability, or (3) preferential tax rates.<\/p>\n\n\n\n General Fund Availability: <\/strong>The\nsum of the beginning General Fund unreserved fund balance, various general\npurpose taxes such as sales and income tax, and nontax revenue including\njudicial fees and interest income.<\/p>\n\n\n\n Total Source of Funds: <\/strong>All\nfunding sources including the General Fund\u2019s general purpose revenue and agency\nrevenue, special fund revenue (such as gasoline taxes or sale of fishing\nlicenses); and enterprise fund revenue as certified by the Office of State\nBudget and Management.<\/p>\n\n\n\n (Total) Requirements: <\/strong>The total cost associated with a proposed expenditure of funds regardless of source of funds. Total requirements \u2013 departmental receipts = net General Fund appropriation. (See also departmental receipts and net General Fund appropriation.) Unreserved Fund Balance: <\/strong>The available cash balance in a fund effective June 30 after excluding documented encumbrances, unearned revenue, federal grants, statutory requirements, and other legal obligations. Beginning unreserved fund balance equals ending unreserved fund balance from the prior fiscal year.<\/p>\n\n\n\n Veto: <\/strong>An act by the Governor to reject an entire legislative measure. <\/strong>Article II, Section 22 of the NC Constitution provides the Governor with authority to reject or veto a bill, including the budget, enacted by the General Assembly.<\/p>\n","protected":false},"excerpt":{"rendered":" Appropriation: An action by the General Assembly authorizing withdrawal of funds from the State treasury pursuant to Article V, Sec. 7 of the North Carolina Constitution. An enactment by the General Assembly that authorizes, specifies, or otherwise provides that funds may be used for a particular purpose is not an appropriation. Authorized Budget: The working […]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"class_list":["post-160","page","type-page","status-publish","hentry"],"yoast_head":"\r\n
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