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According to GASB Statement 33,with respect to public colleges and universities,pledges receivable are recognized as assets and revenues when eligibility requirements are met.
Transfer Payments
Payments made by governments to individuals or other government entities without receiving any goods or services in return, such as welfare benefits or subsidies.
Uncontrollable Budget Items
Government expenditures that are considered mandatory and not subject to annual review or adjustment by Congress, such as interest payments on national debt.
Congressional Committee Framework
The organizational system of committees within the United States Congress, designed to facilitate detailed examination and discussion of legislative proposals.
Budget Process
A systematic method used by organizations or governments to allocate resources, assess revenues, and determine expenditures for a specific time period.
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