BUDGETARY ACCOUNTS - Accounts used to enter the adopted budget into the general ledger as part of the management control technique of formal budgetary integration.
BUDGETARY CONTROL - The control or management of a governmental unit in accordance with an approved budget for the purpose of keeping expenditures within the limitations of available appropriations and available revenues.
BUDGETED ACCOUNTS - Accounts that are subject to the appropriation and/or allotment process. Refer to APPROPRIATION and ALLOTMENT.
BUILDINGS - Permanent structures owned or held by the state. The cost of buildings includes both acquisition costs （historical cost, ancillary costs, and, for proprietary and trust funds, net interest during construction） and capital improvement costs （betterments）. Buildings include not only structures in the form of office buildings, storage quarters, or other facilities, but also associated items such as loading docks, heating and air-conditioning equipment, refrigeration equipment, and all other property permanently attached to or forming an integral part of the structure. Buildings can be capitalized as a single unit, or by individual component. Buildings do not include furniture, fixtures, or other equipment, which are not integral parts of the building. Refer to BETTERMENT.
BUSINESS-TYPE ACTIVITIES - Reported in the government-wide financial statements. Financed in whole or in part by fees charged to external parties for goods or services that are usually reported in enterprise funds. Refer to GOVERNMENT-WIDE FINANCIAL STATEMENTS.
CAPITAL ASSETS - Assets that meet the state's capitalization policy such as land, improvements to land, easements, buildings, leasehold improvements, vehicles, machinery, equipment, works of art and historical treasures, infrastructure, and all other tangible or intangible assets that are used in state operations and that have initial useful lives extending beyond one year. Capital assets do not include depletable resources such as minerals or timber.
CAPITAL BUDGET - The portion of a budget, or a separate budget, devoted to proposed additions to capital assets and the means of financing those additions.
CAPITAL EXPENDITURE - Refer to CAPITAL OUTLAYS.
CAPITAL GRANTS - Grants that are restricted for the acquisition, construction, or renovation of capital assets associated with a specific program. Refer to GRANTS and OPERATING GRANTS
CAPITAL OUTLAYS - A budgetary or financial reporting term to indicate the expenditures for the acquisition of, addition to, or major repair of capital assets intended to benefit future periods. Expenditures may be from either Operating or Capital sources, and may be either capitalized or not capitalized.
CAPITAL PROJECTS FUNDS - Capital projects funds are used to account for the acquisition and/or construction of major capital facilities （other than those financed by proprietary funds and trust funds）. Refer to GOVERMENTAL FUNDS.
CAPITALIZATION POLICY - The criteria used to determine which capital outlays should be reported as capital assets on the state's financial statements.
CARD CUSTODIAN - An individual who is assigned responsibility of purchase card security and issuance of cards to authorized users.
CARD CUSTODIAN STATEMENT - A zero balance due statement, listing all transactions during the billing period, that is sent to the purchase card custodian by the purchase card provider.
CASH BASIS - A basis for accounting whereby revenues are recorded only when received and expenses are recorded only when paid without regard to the period in which they were earned or incurred.
CASH DISCOUNT - An allowance received or given if payment is completed within a stated period of time. Refer to TRADE DISCOUNT.
CASH DISBURSEMENTS - Cash disbursements are any moneys （e.g., checks, cash, warrants, credit or debit card amounts, and EFTs （Electronic Fund Transfers） paid by the state during a period regardless of when the related obligations are incurred.
CASH EQUIVALENT - Short-term, highly liquid investments that are both （1） readily convertible to known amounts of cash and （2） so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally only investments with original maturities of three months or less meet this definition.
CASH RECEIPTS - Cash receipts are any moneys （e.g., checks, cash, warrants, credit or debit card amounts, or EFTs） received by the state during a period regardless of when the moneys are earned.
CASH/INVESTMENTS WITH ESCROW AGENT - An asset account reflecting deposits with escrow agents.
CATEGORICAL GRANTS - Federal grants that are awarded for specific limited purposes.
CENTRAL TRAVEL ACCOUNT - Terminology used by the credit card company for a "ghost billing account."
CHANGE ACCOUNTS - Accounts used solely for making change in across-the-counter cash transactions. Refer to IMPREST ACCOUNT.
CERTIFICATE OF PARTICIPATION （COP） 每 A debt financing program administered by the Office of the State Treasurer. A COP is an instrument evidencing a pro rata share in a specific pledged revenue stream, usually lease payments by the issuer that are subject to annual appropriation. The certificate generally entitles the holder to receive a share, or participation, in the lease payments from a particular project. The lease payments are passed through the lessor to the certificate holders. The lessor typically assigns the lease and lease payments to a trustee, which then distributes the lease payments to the certificate holders.
CHECK - A written order on a bank to pay on demand a specified sum of money to a named person, out of money on deposit to the credit of the maker. A check differs from a warrant in that the latter is not necessarily payable on demand and may not be negotiable. It also differs from a voucher in that the latter is not an order to pay. Refer to WARRANT.
BUDGETARY CONTROL - The control or management of a governmental unit in accordance with an approved budget for the purpose of keeping expenditures within the limitations of available appropriations and available revenues.
BUDGETED ACCOUNTS - Accounts that are subject to the appropriation and/or allotment process. Refer to APPROPRIATION and ALLOTMENT.
BUILDINGS - Permanent structures owned or held by the state. The cost of buildings includes both acquisition costs （historical cost, ancillary costs, and, for proprietary and trust funds, net interest during construction） and capital improvement costs （betterments）. Buildings include not only structures in the form of office buildings, storage quarters, or other facilities, but also associated items such as loading docks, heating and air-conditioning equipment, refrigeration equipment, and all other property permanently attached to or forming an integral part of the structure. Buildings can be capitalized as a single unit, or by individual component. Buildings do not include furniture, fixtures, or other equipment, which are not integral parts of the building. Refer to BETTERMENT.
BUSINESS-TYPE ACTIVITIES - Reported in the government-wide financial statements. Financed in whole or in part by fees charged to external parties for goods or services that are usually reported in enterprise funds. Refer to GOVERNMENT-WIDE FINANCIAL STATEMENTS.
CAPITAL ASSETS - Assets that meet the state's capitalization policy such as land, improvements to land, easements, buildings, leasehold improvements, vehicles, machinery, equipment, works of art and historical treasures, infrastructure, and all other tangible or intangible assets that are used in state operations and that have initial useful lives extending beyond one year. Capital assets do not include depletable resources such as minerals or timber.
CAPITAL BUDGET - The portion of a budget, or a separate budget, devoted to proposed additions to capital assets and the means of financing those additions.
CAPITAL EXPENDITURE - Refer to CAPITAL OUTLAYS.
CAPITAL GRANTS - Grants that are restricted for the acquisition, construction, or renovation of capital assets associated with a specific program. Refer to GRANTS and OPERATING GRANTS
CAPITAL OUTLAYS - A budgetary or financial reporting term to indicate the expenditures for the acquisition of, addition to, or major repair of capital assets intended to benefit future periods. Expenditures may be from either Operating or Capital sources, and may be either capitalized or not capitalized.
CAPITAL PROJECTS FUNDS - Capital projects funds are used to account for the acquisition and/or construction of major capital facilities （other than those financed by proprietary funds and trust funds）. Refer to GOVERMENTAL FUNDS.
CAPITALIZATION POLICY - The criteria used to determine which capital outlays should be reported as capital assets on the state's financial statements.
CARD CUSTODIAN - An individual who is assigned responsibility of purchase card security and issuance of cards to authorized users.
CARD CUSTODIAN STATEMENT - A zero balance due statement, listing all transactions during the billing period, that is sent to the purchase card custodian by the purchase card provider.
CASH BASIS - A basis for accounting whereby revenues are recorded only when received and expenses are recorded only when paid without regard to the period in which they were earned or incurred.
CASH DISCOUNT - An allowance received or given if payment is completed within a stated period of time. Refer to TRADE DISCOUNT.
CASH DISBURSEMENTS - Cash disbursements are any moneys （e.g., checks, cash, warrants, credit or debit card amounts, and EFTs （Electronic Fund Transfers） paid by the state during a period regardless of when the related obligations are incurred.
CASH EQUIVALENT - Short-term, highly liquid investments that are both （1） readily convertible to known amounts of cash and （2） so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally only investments with original maturities of three months or less meet this definition.
CASH RECEIPTS - Cash receipts are any moneys （e.g., checks, cash, warrants, credit or debit card amounts, or EFTs） received by the state during a period regardless of when the moneys are earned.
CASH/INVESTMENTS WITH ESCROW AGENT - An asset account reflecting deposits with escrow agents.
CATEGORICAL GRANTS - Federal grants that are awarded for specific limited purposes.
CENTRAL TRAVEL ACCOUNT - Terminology used by the credit card company for a "ghost billing account."
CHANGE ACCOUNTS - Accounts used solely for making change in across-the-counter cash transactions. Refer to IMPREST ACCOUNT.
CERTIFICATE OF PARTICIPATION （COP） 每 A debt financing program administered by the Office of the State Treasurer. A COP is an instrument evidencing a pro rata share in a specific pledged revenue stream, usually lease payments by the issuer that are subject to annual appropriation. The certificate generally entitles the holder to receive a share, or participation, in the lease payments from a particular project. The lease payments are passed through the lessor to the certificate holders. The lessor typically assigns the lease and lease payments to a trustee, which then distributes the lease payments to the certificate holders.
CHECK - A written order on a bank to pay on demand a specified sum of money to a named person, out of money on deposit to the credit of the maker. A check differs from a warrant in that the latter is not necessarily payable on demand and may not be negotiable. It also differs from a voucher in that the latter is not an order to pay. Refer to WARRANT.