Charges incurred, whether paid or unpaid, that are presumed to benefit the current fiscal year. For elementary/secondary schools, these include all charges for current outlays plus capital outlays and interest on school debt. For postsecondary institutions, these include current outlays plus capital outlays. For government, these include charges net of recoveries and other correcting transactions, other than retirement of debt, investment in securities, extension of credit, or as agency transactions. Also, government expenditures include only external transactions, such as the provision of prerequisites or other payments in kind. Aggregates for groups of governments exclude intergovernmental transactions among the governments.
The cost of goods delivered, or services rendered, which are recorded as charges to the accounts of an activity or department.
Decreases in net spendable resources; these include current operating expenses that require current or future use of net current assets, payments toward the retirement of general long term debt, and outlays for long term assets.
costs and payments made by a government, a corporation, or an individual. Opposite of revenue. finanical advisors professionals that are trained to provide financial advice including where and when to invest your money, and planning for retirement. Such advisors charge fees to their clients or are paid commissions by the institutions whose products they sell.
On the accrual basis, allocates the cost of goods delivered or services rendered, whether paid or unpaid. This includes expenses, provision for debt retirement, not reported as a liability, to the fund from which it retired, and capital outlays. On the cash basis, the term "expenditure" designates only actual cash disbursements of cash for the previously mentioned purposes.
Decreases in net financial resources. Expenditures include current operating expenses requiring the present or future use of net current assets, debt service, and capital outlays, intergovernmental grants, entitlements, and shared revenue.
Amounts paid for the cost of goods and services.
Decreases in net current financial resources. Expenditures include disbursements and accruals of the current period. Expenditures do not include encumbrances.
The payment for goods and services; expenses incurred for specific items, or services.
Charges incurred by the Partnership related to the promotion and/or celebration of the Partnership.
Salaries - included are amounts expended for salaries, wages and employee benefits paid to all library employees. Materials - included are amounts expended for books, periodicals, microforms and all other library materials. Other Operating - included are Computer Services and Information, ILL fees/Charges, Library Materials Repair and Restoration, Supplies, Purchased Contractual Services, Dues, Memberships, Taxes and Assessments, Judgments, Finding, Refunds, Reimbursements and other expenditures not defined elsewhere. Total Operating - Sum of Salaries, Library Materials and Other Operating expenditures. Other - Capital Outlay and Debt Service Total - Sum of Total Operating and Other Expenditures.
Where accounts are kept on the accrual or modified accrual basis of accounting, the cost of goods received or services rendered whether cash payments have been made or not. Where accounts are kept on a cash basis, expenditures are recognized only when the cash payments for the above purposes are made.
All purchases made by a business, whether in cash or on credit; not equivalent to expenses. Also known as costs.
An outflow of current financial resources for current operations, capital outlays, or long-term debt principal retirement and interest.
Cash outlays for items necessary and essential to the operation of the agency but not including encumbrances.
Decreases in net financial resources. Expenditures include current operating expenses which require the current or future use of net current assets, debt service and capital outlays.
The incurring of a liability, the payment of cash or the transfer of property for the purpose of acquiring an asset or service or settling a loss.
Outflows of cash or liabilities incurred as a result of rendering services or carrying out other activities that constitute the entity's ongoing or major operations.
Total charges incurred for services received or assets purchased.
These are recognized when the district has received goods and services and becomes liable to pay for them.
A term signifying disbursement of funds for repayment of obligations incurred. An electronic transfer of funds, or a check sent to a state highway or transportation agency for voucher payment, is an expenditure or outlay.
The balance in Standard General Ledger (SGL) account 4900, Expended Appropriations. Paid and unpaid expenditures for (a) services performed by employees, contractors, vendors, carriers, grantees, lessors, or other government funds; (b) goods and tangible property received; and (c) amounts becoming owed under programs for which no current service or performance is required (i.e., annuities, insurance claims, other benefit payments). (JFMIP Core; SGL, definition of account 4900). According to GAO it is the same as Outlay. HUDCAPS Core Financial System Standard Accounting Interface, dated 9/30/97