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Public expenditure tracking system (PETS) is a system that presents financial information that enables stakeholders to track the source of money and where it is being dispensed. PETS also allows the service users to reconcile incoming funds with expenditures. It is sometimes referred to as "following the money".
Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law. [1] It emphasizes accountability rather than profitability , and is used by nonprofit organizations and by governments.
A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
Government spending or expenditure includes all government consumption, investment, and transfer payments. [1] [2] In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure.
The Huffington Post and Chronicle of Higher Education requested athletic revenue and expense reports from 234 public universities that compete in Division I. More than 350 schools compete at this level, but private institutions and some colleges in Pennsylvania are not subject to public records laws.
Government spending in the United Kingdom, also referred to as public spending, is the total spent by Central Government departments and certain other bodies as authorised by Parliament through the Estimates process. [1]
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In 2016, the UK Government introduced proposals to include an "anti-lobbying clause" in grant-funding agreements, i.e. payments which "support lobbying or activity intended to influence or attempt to influence Parliament, Government or political parties, or attempting to influence the awarding or renewal of contracts and grants, or attempting ...
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