- Carry-In
- Uncosted resources authority from prior program years available for costing in the
current year. It is a fixed value reflecting a specific point in time at final year-end
closing. This includes unobligated prior year resources authority and uncosted
obligations. This amount does not include uncosted obligations in which the program-year
(PY) is 5 years past expiration. The equation is for calculating carry-in is as follows:
uncommitted resources authority plus unobligated commitments plus uncosted obligations.
- Adjusted Carry-In
- Carry-in plus any prior program-year funds received in the current year. Carry-in can be
adjusted throughout the year as NASA Headquarters
releases prior program-year funds to the Center.
- Carry-Out
- An estimated value or a projection of uncosted resources authority at year-end. This
value is calculated throughout the fiscal year using the following formula: adjusted
carry-in plus New Obligation Authority (NOA) plan minus projected fiscal year-end costs.
Once this value is finalized at year-end it is referred to as carry-in. Other terms used
in lieu of carry-in: carry-over, carry-forward, carry-through, uncosted
- Roll-Through
- Encumbered carry-in. Content planned in a prior fiscal year(s) that slipped or that did
not accrue costs in that year. (This could be due to schedule changes or delays,
procurement delays, funding delays, etc.) Roll-through is the portion of carry-in that is
approved by a given program office and will increase the current year's cost authority.
Other terms used in lieu of roll-through: roll-over, roll
- Forward-Funding
- Carry-in minus roll-through. In the current fiscal year, it is the funding in excess of
cost plan. This is literally unencumbered funding to be used in lieu of current PY funds (NOA).
- Underrun *
- In budget terms, actual costs less than the planned costs in a given fiscal year. This
could be due to cancellations, savings resulting from tasks being completed early, or
purchases being made at less-than-planned costs. Typically, this will be considered as
forward funding for the current year or next operating year because it reduces the current
year's NOA requirements.
- Overrun **
- In budget terms, actual costs greater than the approved cost plan in a given fiscal
year. This could be due to unexpected or unplanned reported costs.
- Unobligated Resources Authority
- All funds not obligated on a contract, grant, or a T-order. These funds include
uncommitted resources authority and unobligated commitments.
- Unobligated Commitments
- Funds which have been committed (see "Commitment" below) but are not yet
obligated on a contract, grant, or T-order.
- Uncommitted Resources Authority
- All resources authority balances which have not been committed.
- Uncosted Obligations
- All obligations on a contract, grant, or T-order which have not been costed.
- Commitment
- Firm administrative reservation of funds authorizing the creation of an obligation.
Commitments only reserve funds; they do not legally bind the government to pay for items
or services.
- Obligation
- Establishes the government's legal responsibility to pay for future goods or services to
be received from a contractor, vendor, or grantee. This is accomplished by either letting
a new contract or modifying an existing contract. Once an obligation document has been
initiated, signed, and processed, the government can begin incurring costs. The act of
obligating funds on a contract can only be accomplished by a "warranted contracting
officer."
- Cost (Accrued Cost)
- The use, application, or consumption of human and material resources expressed in dollar
terms for work performed. It is not payment (disbursement). Contractor costs are generally
reported on a NASA Form 533, or upon delivery of
equipment or materials.
- Disbursement
- Actual payment to a contractor, vendor, or grantee. Payment is made after an invoice has
been submitted to NASA and has been certified for
payment.
- Subauthorization
- A formal allocation of resources authority issued by one installation (center) to
another installation for work or services to be performed.
Sources: - These terms and definitions were derived from The NASA Budget Administration Manual - NHB 7400.1C - Appendix A; "Budgeting in the Federal
Government," briefing by K. L. Schnell; and The Budget of the U.S. Government Fiscal
Year 1992; a seminar held on November 15, 1989, entitled "The Budget and You;"
and input from selected individuals in the BA
and LA Directorates.
Footnotes:
* In procurement terms, an underrun occurs when the cumulative costs
are lower than the negotiated contract value at the end of the contract's term.
** In procurement terms, an overrun occurs when the cumulative costs
are higher than the negotiated contract value at the end of the contract's term.
See also:
Disclaimer of Endorsement. Reference herein to any specific commercial
products, processes, or services by trade name, trademark, manufacturer, or otherwise,
does not constitute or imply its endorsement, recommendation, or favoring by the United
States Government or the NASA Johnson Space Center, or any of its employees or
contractors. The views and opinions of authors expressed herein do not necessarily state
or reflect those of the United States Government nor NASA Johnson Space Center, and shall
not be used for advertising or product endorsement purposes. The United States Government
does not endorse any commercial product, process, or activity identified by this web site
nor through its agreements with non-government entities.
|
|
