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Categorical grants and other grants provide a way for the federal government to work cooperatively with the states and still get a broader national outcome. This outlines the basic idea of cooperative federalism where the states and the federal government work cooperatively and equally to achieve something bigger than either can do alone.
The AGA (formerly Association of Government Accountants) is a professional organization for government financial management professionals. Its activities include advocacy in government financial management and working to increase government financial performance and accountability.
Block grants have less oversight from the larger government and provide flexibility to each subsidiary government body in terms of designing and implementing programs. [1]: 9 Block grants, categorical grants, and general revenue sharing are three types of federal government grants-in-aid programs. [2] [Notes 1]
[citation needed] These can be sub-categorized as either Categorical or Block: Categorical grants may be spent only for narrowly defined purposes and recipients often must match a portion of the federal funds. [citation needed] Block grants combine categorical grants into a single program. Examples of this type of grant includes the Community ...
President Reagan had requested the consolidation of 85 existing anti-poverty grants into seven categorical grants; Congress agreed to consolidate 77 grants into nine. The nine new block grants were budgeted about 25% less than the programs they replaced (Conlan, qtd. in [2]). The CSBG legislation was amended in 1998 by the Coats Human Services ...
The Governmental Accounting Standards Board (GASB) is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States. [1] As with most of the entities involved in creating GAAP in the United States, it is a private, non-governmental organization.
About 90% of federal aid dollars are spent for categorical grants. Project grants are grants given by the government to fund research projects, such as a research project for medical purposes. An individual must acquire certain qualifications before applying for such a grant and the normal duration for project grants is three years.
Government accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its income and expenditures. Various governmental accounting systems are used by various public sector entities.