What is the difference between direct cite and reimbursable funding?

What is the difference between direct cite and reimbursable funding?

With the Reimbursement Order (Category I), the assisting agency pay for the items up front and is then reimbursed by the requesting agency. With Direct Citation (Category II), the requesting agency provides the funds up front. The overseeing agency then receives the MIPR in the contracting system.

What were M accounts?

M accounts were agency managed accounts (by appropriation category) into which unused obligated balances were transferred. Funds in these accounts had no expiration date and could be used to pay for prior valid obligations.

What is the difference between obligation and expenditure?

Obligations are liabilities legally incurred and committed to be paid for by the government either immediately or in the future. The expenditure program refers to the ceiling on the obligation that can be incurred by the government in a given budget year.

What is a direct cite order?

Direct Citation: This refers to a situation in which the servicing (receiving) agency awards a contract on behalf of the requesting agency and uses the appropriation fund cite provided by the requesting agency on the MIPR.

What is the difference between obligated and committed funds?

A commitment sets aside an estimate amount from the budget. This prevents other commitments that could exceed the budget. Obligations – represents a legal obligation with a supplier through the generation of a Purchase Order.

Do no year funds expire?

No Year Appropriations — Appropriations available for obligations for an indefinite period of time without fiscal year limitation. They are available until they are used up. Funds may still be available for the recording and/or payment (liquidation) of obligations properly incurred.

What is a direct appropriation?

“Direct Appropriation” is an appropriation made in biennial or annual budget bills and is for a limited period of time, usually within the biennium. C. “Open Appropriation” refers to the authority to spend an unspecified amount of resources to meet a program’s objective or a constitutional requirement.

What is an authorization DoD?

Definition. Authorization decision A formal statement by an Authorizing Official regarding acceptance. of the risk associated with operating a DoD information system (IS) and expressed as an authorization to operate (ATO), interim. authorization to test (IATT), or denial of ATO (DATO).

How is the Federal Management Regulation ( FMR ) used?

The Federal Management Regulation (FMR) contains updated regulatory policies concerning property management and related administrative activities. Executive agencies may use the FMR to help manage administrative programs such as personal property, real property, and transportation. Here are ways to explore the Federal Management Regulation:

Which is the successor regulation to the FPMR?

The FMR is the successor regulation to the Federal Property Management Regulation (FPMR). It contains updated regulatory policies originally found in the FPMR.

Who is responsible for accounting in a direct cite request?

When the “direct cite” method is used, the requesting entity shall be responsible for all accounting functions, as the requesting entity’s line of accounting will be directly cited on the performing entity’s contract.

When do MIPR funds need to be cited?

For obligation purposes, “direct cite” MIPR funds are obligated once the performing entity awards an initial contract or completes a contract modification action. When the “reimbursable” method is used, the requesting entity’s line of accounting will not be referenced or cited on the performing entity’s contract.