Can my agencys prior year funds be moved forward into current year accounts?
Yes. Funds transferred under the authority of the Library of Congress Fiscal Operations Improvement Act of 2000 (2 U.S.C. 182c) via a fully signed IAA or other fund-transfer document are placed in a revolving fund for use in subsequent fiscal years. An IAA must be signed by September 30 and must include a statement specifying the expiration date of the funding provided.
Related Questions
- I have an invoice for a Prior Year Purchase order and the invoice is greater than the amount on the PO. How do I add funds to a prior year purchase order to cover the increased cost of the goods?
- A – 072 Can a Delegate Agency use unobligated funds (carryover) from the prior fiscal year in the next fiscal year?
- Can my agencys prior year funds be moved forward into current year accounts?
