What does unliquidated obligation mean?
An unliquidated obligation is an invoice that the grantee has allotted money to pay, but it has not been paid because the invoice has not come into either from a subcontract support or from any other obligation. It has to be zero so all of those final invoices are paid and closed out within the grantee system.
What is budget obligation?
Obligations are liabilities legally incurred and committed to be paid for by the government either immediately or in the future. The obligation budget is the proposed amount of commitments that the government may incur or enter into for the delivery of goods and services in a fiscal year.
What is a federal obligation?
Federal Obligation means any direct obligation of, or any obligation the full and timely payment of principal of and interest on which is guaranteed by, the United States of America.
What is an SF 132?
The apportionment (SF 132) contains two general sections: Budgetary Resources and Application of Budgetary Resources. Under Budgetary Resources, you display the sources of actual and anticipated resources as well as actual and anticipated reductions to those resources.
What is a Ulo in finance?
UNCLASSIFIED. Summary of Review. 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 an unliquidated balance?
Budgeted amount that is not yet utilized or committed.
What is obligation example?
The definition of an obligation is something that someone is required to do. An example of obligation is for a student to turn in his homework on time every day. A duty imposed legally or socially; thing that one is bound to do by contract, promise, moral responsibility, etc. An obligating or being obligated.
What is obligation in obligation and contract?
An obligation is the responsibility of a party to meet the terms of a contract or agreement. If an obligation is not met, the legal system often provides recourse for the injured party.
What is a US obligation?
The term “obligation or other security of the United States” includes all bonds, certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills …
What does it mean to Deobligate funds?
An agency’s cancellation or downward adjustment of previously incurred obligations. Deobligated funds may be reobligated within the period of availability of the appropriation.
What is the SF 133?
The SF 133 is a report on Budget Execution and Budgetary Resources. • Allows the monitoring of the status of funds that were apportioned. on the SF 132 Apportionment and Reapportionment Schedule and. funds that were not apportioned.
What does ULO stand for in government?
ULO
| Acronym | Definition |
|---|---|
| ULO | Unified Land Operations (US Army) |
| ULO | Ultra Low Oxygen (cold storage) |
| ULO | University Liaison Officer (various organizations) |
| ULO | Unliquidated Obligation |