Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
JFAC briefed on deficiency warrants, supplementals and emergency-clause use
Summary
Budget analysts explained how deficiency warrants let agencies spend against the general fund for statutorily authorized emergency items, how supplementals adjust the current-year budget, and the governor's supplemental recommendation totals.
Kellen McGurkin, a budget and policy analyst with the Legislative Services Office, briefed the Joint Finance and Appropriations Committee on Jan. 7 about deficiency warrants, supplementals, rescissions and the constitutional emergency clause that allows some current-year adjustments to take effect immediately.
McGurkin explained that deficiency warrants are a statutory exception that allow select agencies to spend money against the general fund for specific, authorized purposes without a prior appropriation, and that those expenditures are later presented to the committee so the agency’s account can be appropriated and the outstanding balance zeroed out.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
