Full Funding

Writers' First Review Draft:    (2V9K)

Term    (2X73)

Full funding    (2X74)

Origin/Source for Inclusion of the Term    (2X75)

Circular No. A–11 Section 300—Planning, Budgeting, Acquisition, And Management Of Capital Assets OMB Circular No. A–11 (2005)    (2X76)

OMB Context Definition    (2X77)

Reference/URL OMB Context Definition    (2X78)

Business Definition    (2X79)

Reference/URL for Business Definition    (2X7A)

Technical Definition    (2X7B)

means appropriations—regular annual appropriations or advance appropriations—are enacted that are sufficient in total to complete a useful segment of a capital project (investment) before any obligations may be incurred for that segment. When capital projects (investments) or useful segments are incrementally funded, without certainty if or when future funding will be available, it can result in poor planning, acquisition of assets not fully justified, higher acquisition costs, project (investment)delays, cancellation of major projects (investments), the loss of sunk costs, or inadequate funding to maintain and operate the assets. Budget requests for full acquisition of capital assets must propose full funding (see section 31.4).    (2X7C)

Reference/URL Technical Definition    (2X7D)

Context Definition 1    (2X7E)

Reference/URL Context Definition 1    (2X7F)

Context Definition 2    (2X7G)

Reference/URL for Context Definition 2    (2X7H)

Context Definition 3    (2X7I)

Reference/URL for Context Definition 3    (2X7J)

See Also Related Terms    (2X7K)