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Glossary of Budget Terms - Department of Finance

Finance Glossary of Accounting and Budgeting Terms The following Terms are used frequently throughout the Governor s Budget , the Governor s Budget Summary, the annual Budget (Appropriations) Bill, and other documents. Definitions are provided for Terms that are common to many of these publications. For definitions of Terms unique to a specific program area, please refer to the individual Budget presentation. Certain Terms may be interpreted or used differently depending on the context, the audience, or the purpose. Abatement A reduction to an expenditure that has already been made. In state accounting, only specific types of receipts are accounted for as abatements, including refund of overpayment of salaries, rebates from vendors or third parties for defective or returned merchandise, jury duty and witness fees, and property damage or loss recoveries. (See SAM 10220 for more detail.) Abolishment of Fund The closure of a fund pursuant to the operation of law.

Finance Glossary of Accounting and Budgeting Terms The following terms are used frequently throughout the Governor’s Budget, the Governor’s Budget

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