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Deficiency warrants and supplementals: how emergency spending and current-year adjustments work
Summary
Kellan McGurkin briefed JFAC that deficiency warrants let certain agencies spend against the general fund for statutorily authorized emergency costs and that supplementals and rescissions are current-year appropriations the committee must evaluate for emergency language and necessity.
Kellan McGurkin, budget and policy analyst with the Legislative Services Office, briefed the Joint Finance and Appropriations Committee on Jan. 7 about deficiency warrants, supplementals and rescissions and how the committee should treat current-year adjustments.
What deficiency warrants are: McGurkin explained deficiency warrants give some boards or agencies statutory authority to spend against the general fund for specified purposes without a prior appropriation. Practically, agencies or boards (often the Board of Examiners or Board of Land Commissioners) authorize an expenditure and the agency uses a deficiency warrant to cover immediate costs; the agency then requests a formal appropriation from JFAC to zero out the outstanding balance.
Common uses and limits:…
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