The term seasonal rate is used in the context of continuing resolutions, where appropriation bills have not been completed and a previous year’s levels must be continued at the appropriate rate. From the Senate’s Informed Budgeteer:
- Under automatic apportionment, the amount available during the period covered by the current CR is the lesser of either 1) a pro-rated level to reflect a constant rate of obligation over the period or 2) the seasonal rate of obligation. To calculate a pro-rated level, the agency would multiply the annualized appropriation by the number of days the CR is in effect and divide that number by 365 (days in a year). For example, H. J. Res. 111 provides 4/365 and H. J. Res. 112 provides 7/365 of the annualized appropriation.
- To determine a seasonal rate of obligation instead, an agency would first calculate the historical rate of obligation for the period of the CR from either the prior fiscal year or an average of a number of prior years. Then, the agency would multiply that historical rate by the annualized appropriation provided under the CR.
Informed Budgeteer (Senate Budget Committee) October 7, 2002
The average commitments, obligations, and expenses of 1 or more of the last 5 fiscal years used to determine funding under a continuing resolution. (See also Continuing Appropriation/Continuing Resolution; Current Rate.)