Assume a federal agency has the following events: 1. Receives a warrant from the Treasury notifying...

 

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Assume a federal agency has the following events: 1. Receives a warrant from the Treasury notifying the agency of appropriations of $3,600,000. 2. OMB apportions one-fourth of the appropriation for the first quarter of the year. 3. The director of the agency allots $875,000 to program units. 4. Program units place orders of $600,000. 5. Supplies ($120,000) and services ($420,000) are received during the first quarter. Supplies of $100,000 were used in the quarter. Accounts payable were paid in full. Required: Prepare a schedule showing the status of the appropriation at the end of the first quarter. $ $ Amount 2,700,000 (50,000) 2,650,000 Answer is not complete. Status Unapportioned Authority Apportionments Allotments Obligations for Undelivered Orders Expended Appropriations Total Appropriation Assume a federal agency has the following events: 1. Receives a warrant from the Treasury notifying the agency of appropriations of $3,600,000. 2. OMB apportions one-fourth of the appropriation for the first quarter of the year. 3. The director of the agency allots $875,000 to program units. 4. Program units place orders of $600,000. 5. Supplies ($120,000) and services ($420,000) are received during the first quarter. Supplies of $100,000 were used in the quarter. Accounts payable were paid in full. Required: Prepare a schedule showing the status of the appropriation at the end of the first quarter. $ $ Amount 2,700,000 (50,000) 2,650,000 Answer is not complete. Status Unapportioned Authority Apportionments Allotments Obligations for Undelivered Orders Expended Appropriations Total Appropriation

Answer rating: 100% (QA)

Answer Amount 2700000 Unapportioned Authority 25000 Apportionments 275000 Allotments 60000 Obli... View the full answer