Question: Exercise 1 4 - 7 ( Algo ) Assume a federal agency has the following events: Receives a warrant from the Treasury notifying the agency
Exercise Algo
Assume a federal agency has the following events:
Receives a warrant from the Treasury notifying the agency of appropriations of $
OMB apportions onefourth of the appropriation for the first quarter of the year.
The director of the agency allots $ to program units.
Program units place orders of $
Supplies $ and services $ are received during the first quarter. Supplies of $ 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.
tableAmountStatusApportionmentsAllotmentsObligations for Undelivered OrdersExpended AppropriationsUnapportioned Authority$ Total Appropriation
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
