encyclopedia

BUDGET

A plan of financial operations for a given period including proposed expenditures, authorized staffing levels, and a proposed means of financing them.

BUDGET AUTHORITY

A federal budgetary term that refers to legal authority given by Congress to federal agencies to make funds available for obligation or expenditure.

BUDGET INFORMATION ANALYSIS SYSTEM

A computerized database application designed to enable departments ( cost centers) to enter their budget requests and justify those requests.

BUDGET RESOLUTION

A federal budgetary term that refers to a concurrent resolution passed by both Houses of Congress, but not requiring the signature of the President, setting forth the congressional budget for each of five fiscal years. The budget resolution sets forth…