PRIOR YEAR APPROPRIATION ADJUSTMENTS - 7832

A prior year appropriation adjustments subsidiary ledger is maintained to account for each prior year appropriation that is no longer available for encumbrance but not yet reverted. Each account shows the difference between the net amount of expenditures, abatements, and reimbursements accrued at the previous June 30 (prior year) and the amount of actual expenditures, abatements, and reimbursements during the current fiscal year for appropriations that are no longer available for encumbrance. The difference between the prior year's accrued item and the current year's actual represents the adjustment that may be reclassified from expenditure to appropriation adjustment in Account 5802000 (Legacy Account 9893).

The prior year adjustment will not apply to appropriations available for more than one fiscal year unless the encumbrance availability period has expired. For such appropriations, adjustments will be accounted as current fiscal year expenditures and reimbursements if they occur during the encumbrance availability period of the appropriation.