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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 ...
The grant writing process involves not only creating a coherent proposal but also analysing the needs of the grant maker. Such an analysis is necessary, as the grant maker and recipient may not have completely similar interests, and the writer should position the proposal to highlight aspects that fulfil the funder's needs.
The GAO financial statements present data on an accrual basis, meaning as expenses are incurred rather than actual cash payments. [47] President Obama's 2010 budget proposal includes a total of $663.8 billion, including $533.8 billion for the DOD and $130 billion for overseas contingencies, primarily the wars in Iraq and Afghanistan.
Examples of this type of grant includes the Community Development Block Grant and the Alcohol, Drug Abuse, and Mental Health Services Block Grant. Recipients of block grants have more leeway in using funds than recipients of individual categorical grants. [citation needed] Earmark grants are explicitly specified in appropriations of the U.S ...
The government budget is both a product of government administration and political democratization. [7] The emergence of the capitalist mode of production and the high level of development of the commodity economy led to an expansion of the state's financial resources and a massive increase in both revenue and expenditure.
For example, in 2013, Congress failed to agree on any regular appropriations bills prior to the start of fiscal year 2014. An attempt was made to pass the Continuing Appropriations Resolution, 2014 (H.J.Res 59) prior to October 1, but the House and Senate could not agree on its provisions, leading to the United States federal government ...
Categorical grants, also called conditional grants, are grants issued by the United States Congress which may be spent only for narrowly defined purposes. They are the main source of federal aid to state and local governments and can be used only for specified categories of state and local spending, such as education or roads.
A basis of estimate is an analyzed and carefully calculated number that can be used for proposals, bidding on government contracts, and executing a project with a fully calculated budget. [2]
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