GAO Glossary of Terms Used in the Federal Budget Process
The GAO Glossary of Terms Used in the Federal Budget Process (September 2005) is periodically published by the Government Accountability Office (GAO), formerly the “General Accounting Office”. It includes definitions of important terms related to the Federal Budget Process, though it tends to be oriented toward an accounting an Executive Branch agency perspective rather than toward the Congressional Budget process. This is to be expected since GAO is responsible for overseeing Federal agencies and their expenditures and receipts and monitoring their compliance with laws such as the Antideficiency Act.
The most recent version of the Glossary is from September 2005.
From GAO Summary of the Glossary (2005):
This publication supersedes AFMD-2.1.1, A Glossary of Terms Used in the Federal Budget Process (Exposure Draft), January 1993. It fulfills part of GAO’s responsibility to publish standard terms, definitions, and classifications for the government’s fiscal, budget, and program information. It was developed in cooperation with the Secretary of the Treasury and the Directors of the Office of Management and Budget and the Congressional Budget Office. This glossary is a basic reference document for the Congress, federal agencies, and others interested in the federal budget-making process. Like previous editions, this revision emphasizes budget terms, but relevant economic and accounting terms are also defined to help the user appreciate the dynamics of the budget process and its relationship to other key activities (e.g., financial reporting). It also distinguishes between any differences in budgetary and nonbudgetary meanings of terms.