Unfilled customer orders are the amounts of orders accepted from other accounting entities within the United States Government for goods and services to be furnished on a reimbursable basis; or, in the case of transactions with the public, are amounts collected in advance for which the accounting entity has not yet …
What is a Udo in government?
Purpose This document prescribes NOAA’s policy and procedures for the review, validation, and certification of all undelivered orders (UDO). A stronger policies and procedures are necessary to ensure NOAA’s obligations are adequately monitored and deobligated when appropriate.
What is the authority to incur a legal obligation to pay a sum of money from the us treasury is called?
Appropriation: A law of Congress that provides an agency with budget authority. An appropriation allows the agency to incur obligations and to make payments from the U.S. Treasury for specified purposes. Appropriations are definite (a specific sum of money) or indefinite (an amount for “such sums as may be necessary”).
What does an unliquidated obligation represent?
Unliquidated obligations means, for financial reports prepared on a cash basis, obligations incurred by the non-Federal entity that have not been paid (liquidated).
What is an undelivered order?
Undelivered Order: goods or services ordered that have not been received. This includes any orders for which advance payment has been made, but for which delivery or performance has not yet occurred.
What does Udo mean?
UDO
Acronym
Definition
UDO
Unified Development Ordinance (land use and zoning regulations)
UDO
Ultra Density Optical (phase change optical storage)
UDO
Ultra Density Optical
UDO
University of Dortmund (Germany)
What are unliquidated obligations federal government?
An unliquidated obligation (ULO) represents the amount of goods or services ordered that have not been actually or constructively received or the amount of goods and services that have been received but for which payment has not yet been made.
What is Federal share of unliquidated obligations?
10f Federal Share of Unliquidated Obligations Unliquidated obligations on a cash basis are obligations incurred, but not yet paid. On an accrual basis, they are obligations incurred, but for which an expenditure has not yet been recorded.
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