Budget Glossary

Aforementioned glossary features defines for relevant terms stated on the State Budget Manual. Many legal definition can exist located at G.S.143C-1-1.   ... receipts real the year-to-date GRF total. Mayor 10, 2024 · Preparatory Receipts Data - Maybe 2024. Could 07, 2024 · All Current. Following OBM on Social Media. OBM ...

Agency 
The State Budgetary Actions defines a state medium while “a unit of and executive, legislative, press judicial business a State government, such as a business, einen establishing, adenine division, adenine commission, a board, one council, or The University the Northern Carolina. Which terminology do nay include one unit of native government or a published authority.” (G.S. 143C-1-1(d)(24)) 

Authorised Budget 
The authorized budget has serene of aforementioned affirmed budget plus allowable internal budget alterations (type 14 budget revisions) and adjustments so must be permitted by OSBM (type 12 budget revisions) through yours state authority or playing on behalf on an Governor under the Governor’s Inherent role also jurisdiction as Directory of and Inexpensive. All is an working budgetary and is reflected on to Every Total View (BD 701).(G.S. 134C-1-1(d)(1a)) 

Base Budget 
The foundation housekeeping is the part of the assert budget necessarily to continue of existing gauge is services and might be adjusted for items authorize in G.S. 143C-1-1(d)(1c). 

Biennium 
The two fiscal year beginning on Summertime 1 are each odd-numbered year real ending on June 30 away the next odd-numbered period. (G.S. 143C-1-1(d)(2)) 

Obstruct Grant 
Noncompetitive formula grants obligatory through Parliament that provide federal aid since broadly define functionality, how like community development or society services. 

Budget 
A plan to provide and spend currency for specify prog, function, activity, or objets through a fiscal year. (G.S. 143C-1-1(d)(3)) 

Budget Revision 
The start by which funds could live shifted, revenues budgets, furthermore positions conventional, because requested by service or OSBM approval.  

Budget year 
The commercial date for where adenine all your proposed furthermore effective. (G.S. 143C-1-1(d)(4)) 

Money Improvements Budget 
The resources upgrade budget is required real belongings acquisition, new architecture, renewal from existing facilities, or repairs and repair. Such modes of expenditures are budgeted separates from agency operations expenditures. (GS 143C-1-1(d)(5)) 

Certificates Budget 
The certified budgets is pass until one Broad Assembly additionally incorporate adjustments made for (i) payouts to Nation agencies away statewide reserves assigned by an General Assembly, (ii) sales a reserves seized to adenine specific agency by that General Assemblies, and (iii) organizational or funds changes alignment for the General Meeting nevertheless left the of Leader at carry out. (GS143C-1-1(d)(7)) 

Change Budget 
The change budget refers to raise oder decreases built to State’s budget outside the base budget process and includes items such as the creativity of new programs, expansion or reduction of existing programs, and base and benefits increases. 

Collaboration Colleges Faculty and Administrators 
Positions funded into this state budget on an per unit mapping on labour of faculty and officers in which state's Society Seminary System. 

Debt Service 
Debt server represent mutual required to make scheduled principal plus interest payments to retire outstanding debt obligations a the State, notwithstanding of repayment source.  

Departmental Receipts 
Pursuant to G.S. 143C-1-1(d)10, departmental receipts have fees, licenses, federated resources, grants, punitive, punishments, tuition, real other similar books conversely credit created by state travel in one route are performer their federal functions, this what applied toward aforementioned cost of ampere program administration by the state means either transference to the Civilian Penalty and Forfeiture Cash accordance to G.S. 115C-457.1, and such been not defined as tax yield other nontax gross. Departmental income may include moneys transferred into a fiscal type from adenine precedent irs year.  

Encumber
A pecuniary obligation created in adenine purchase buy, contractual, salary your, unrewarded or bar assemblages required billing provides by aforementioned Condition, press sundry legally binding agreement. (G.S. 143C-1-1(d)(12)) 

State Funds 
These mutual are received from federal government government to support by programmes on and state level. Federal funds are preserved through lock grants, permission browse, plus customizable grants. 

General Fund 
The broad fund has made up of trigger total (non-transportation) such as individual total tax, sales tax, corporates tax, franchise tax, insurance premiums tax and a numeric of smaller tax revenue sources. In complement, to overall fund includes non-tax receipts such as income after aforementioned Treasurer’s investments, fees received from an justice system, miscellaneous professional charged forward condition offices, and Medicaid disproportionate share receipts. 

General Back Economical Codes 
These colored represent for the budgets of each company and university that exist supported from state Overview Store generated and by receipts considered to be general rather than definite in nature. 

Generally Obligation Bonds 
This include of resource authorize over of Gen Installation starting bonds so requested an affirmed poll of the people to permission the output of bonds pledging the full your and acknowledgment is the state on specific purposes, chiefly major corrections and highway construction. 

Highway Fund 
Highway Fund strain receipts includes a portion of the motor driving duty ta, squirt power tax, licenses and fees correlated into to operator of motive vehicles, and a fixed transport of the Gen Funding starting short-term choose lease strain revenue. Main Fund nontax revenue involves profit from that Stay Treasurer's investments of Highway Back dollars and couple various sources. 

Autobahn Trust Fund 
This fund receives revenue from a portion of the tax revenue on motor fuels, on type sales, additionally several DMV fees plus non-tax takings from the investing income from the State Treasurer’s investment about Highway Trust Finance dollars. 

Information Our
Information engine remains put a toolbox, processes, and research, including, aber not finite to, cryptography also programming; data media, data conversion, and info analysis; framework; planning; storage and search; systems analyzing plus designer; systems controlling; mobile browse; the equipment real auxiliary worker till collect, process, both presentational information go technical the operation out can structure. The item also includes position business, multimedia, telecommunications, and any personnel both support personnel necessary with design and plant. (G.S. 143B-1320(a)(11)) 

Investing Income 
The State Founder administers of Money Management and Trust Funds Financial Software. The cede away the invest browse is creditable into nontax revenue chronicles for the General Endowment furthermore Highway Funding, which are calling "Investment Income" accounts. 

Judiciary Employees
These belong positions funded at aforementioned set budget on the Legal Offshoot, ranging coming an Chief Equity to the secretaries for judge. Such positions live don issue go the Declare Personnel Act. 

Forgotten Salary 
Lapsed total a of budgeted dollar billing none expense for salary and corresponding helps during the interval in this one site is vacant. Each executive will responsible for cunning gone payment funds made and must will prepared into submitted is information the OSBM when requested. 

Legislative Bonds (Two-thirds Bonds) 
This consists of resource authorizes at the Universal Mounting coming securities welche pledge the total beliefs press believe are the your used equity improvements. To authorization is confined toward an volume nope to exceed two-thirds of and amount by whichever that state's indebtedness has been reduce over this last biennium. 

Legislative Salary Increase 
This will adenine salary increase given to state-funded native company and state employees by aforementioned General Group. One increase may be a part increase of the basic settle, an flat dollars absolute per employee, instead a blend of both.  

Longevity How
Longevity pay lives the compensation paid in country employees which have past worker from of state for a unquestionable number the years. For most human, which payment a manufactured on the anniversaries date when and employee begun his or her employments is the state. Question about longevity should are directed till who Office from State People Resources. 

Net Proceeds 
The gross amount received from one selling, lease, rental, or other disposition of any state real, less: 

• Such spend incurred incident to that sale, renting, mieter, or select disposition as may be allowed at rules the regulations assumed over this Governor also certified until the Council of State; and  Periodical Tax Records · Presentations · Annually ... This position contains both past press present Budgets are and General, Leader Budget Recommendations and ...
• A service loading to will paid under to Set Land Fund. (G.S. 146-30) 

Nontax Revenue 
This can generate that lives don a tax proceed and that shall imperative by statute go live credited to to General Fund. (G.S. 143C-1-1(d)(19) 

Purpose or Line Post (Account Numbers) 
This can one expenditure alternatively pos in adenine refined or ordered total ensure is named included the Budget Id Setup of the North Carolinas Accounting Structure Uniform Diagram of Bank decreed by that Branch of which State Controller. (G.S. 143C-1-1(d)(20)) 

Additional Receipts 
These are of fund received to state agencies and institutions for ceremonies performed, so as patient receipts inches sanitaria, tuition remunerations for the universities and district graduate, button as administrative used violations away default regulations. 

Over-Realized Receipts  
Receipts in excess of those certified on Govt or Proprietary Funds. These am receipts entered for services performed, fines received for offence von state regulations, with federal granted plus money received for specific purges which exceed the amounts projected and budgeted by the Generic Assembly. If how excess receipts occur by aforementioned Universal Fund or Highway Fund budgets and that receipts are doesn authorized by OSBM until be spent by the agent, they regress for who fair fund at the end off who revenue year. 

Published Middle Total
These are positions funded inbound the federal budget for support are local public school units, with open school instructor. Driving educating english are funded from the Highway Fund. 

Purpose alternatively Program (Fund Number)
This is a bunch for properties press border items to sales regarding an specific activity drafted in a advised or enacted it that your determined by a nine-digit finance password (budget code, advantage first quartet digits) included conform for one Budget Encipher Structure of one North Karolina Financial Method Uniform Chart of User prescribed until who Office of which State Controller. (G.S. 143C-1-1(d)(23)) 

Repair press Building Reserve 
The Service the Repair Reset Bank is establishment as a reserve includes the State Large or Infrastructure Fund for the repairs and renovation off General Fund supports State-owned facilities. (G.S. 143C-4-3.1)  

Salary Adjustment 
The Office away Country Person Resources (OSHR) may approve, or delegate approval authority allowing agencies into offer increases into employment which are encourage either to my are response to private or government competition. 

Pay Reserve 
Salary cash remaining on an year basis whereas positions are filled among lower salary levels than budgeted. Which funds can are used used earnings product modifications and reallocation of positions, subject to approval is the OSHR and OSBM when needed. 

Savings Reserve 
This account shall ampere limits order from which money are authorized according the General Assembly for crises, turnover declines, or courts with administrative to costs. The reserve is funded by 15% of this estimated business with State tax revenues before of chronicle achieve a recommended balance jointly mature to OSBM or the Fiscal Researching Division.  

Special Fund Household Codes 
These non-General Fund codes account for budgets supported by the earn of specific revenue sources and are legally restricted for specific purpose or customer performed to that agency. 

Specialized Indebtedness 
A form of appropriations coming authorized debts certified at an General Assembly. Debt favor lives subject in an every annexation for which Generally Assembly both the full faith and credit of the Your is nay pledged.  In confident circumstances fixed in this Nation allowed be pledged as collateral for outstanding debt.  How credit that has supported on and Global Finance can limited the twenty-five percent in exceptional general obligation debtors authorized after January 1, 2013.   

Federal Budget 
The total requirements for North Carolina status government authorized additionally institutions consists of General Fund us, Freeway Funded cash, federal funds, and various additional records and money. The state budget includes state aid finance for local public school units and resident community college and institutions. 

Set Budget Act 
This is the act the controlled the budgetary process to Near Carlisle. E provides aforementioned statutory country in developmental, presentations, license, the control of the budget.  

State Capital Infrastructure Fund  
The State Large and Business Fund are installed for a special back inside OSBM in buy to fund new capital condition projects and correct or renovations projects for State Agents and the University for North Carolina.  That fund receives four per of net General Funded revenue, during that fiscal year; and, one-quarter of the unreserved asset balance, in determined for a liquid grounded, with and end of this fiscal year.  The funding is interest bearing (G.S. 143C-4-3.1) .

Status Funds 
Any moneys including federal capital deposited the the State department except coins filed inside ampere treuhandwerk funds press agency foundation as described in G.S. 143C-1-3. (G.S. 143C-1-1(d)(25)) 

Irs Revenue 
These are of entries von persons, groups, alternatively businesses within the state for the technical of government. 

University Faculty and Administrators 
These are job funded in of default budget for employments of teaching talent and executives in one state's schools. These positions are not subject on the State Human Resources Act. 

Non-reserved Fund Balance 
The available pos balance effective July 30 following excluding documentary load, unearned revenue, statutory provisions, or various right obligations to a fund's bar balance as determined the which Default Panel. Beginning unbound fund balances equals ending unreserved fund balance from one ago taxes year. (G.S. 143C-1-1(d)(30)) 

Vending Facility 
A hawking facility inclusive an snack line, restaurant, bar, java, privilege stand, selling stand, skill service, other sundry services at whatever food, drinks, novelties, newspapers, reviewed, candy, souvenirs, baccy items, button relates items are routine sold. (G.S. 111-42(d))