Which description best characterizes an open appropriation?

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Multiple Choice

Which description best characterizes an open appropriation?

Explanation:
Open appropriation means the funds remain available to incur new obligations for the authorized purpose, within the stated limits and period of availability. It stays eligible for use as long as the appropriation’s purpose and time constraints permit, so programs can continue to obligate and spend within those bounds. Describing it as closed would imply no new obligations can be made, which contradicts the idea of openness. An appropriation with no funds available isn’t open, since there are no funds to commit. An unrestricted, perpetual appropriation is not typical, since even open appropriations usually carry period and purpose limitations.

Open appropriation means the funds remain available to incur new obligations for the authorized purpose, within the stated limits and period of availability. It stays eligible for use as long as the appropriation’s purpose and time constraints permit, so programs can continue to obligate and spend within those bounds. Describing it as closed would imply no new obligations can be made, which contradicts the idea of openness. An appropriation with no funds available isn’t open, since there are no funds to commit. An unrestricted, perpetual appropriation is not typical, since even open appropriations usually carry period and purpose limitations.

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