what are allotments and what are the purpose that they serve?

Expert Solution

Allotments are periodic allocations of funds to departments or agencies usually made by chief executive’s office,to ensure that an entire year’s appropriation is not dissipated early in the period covered by the budget.

They also prevent a department or agency from spending resources that may not be available in the event that actual revenues fall short of budgeted revenues.

ekkarill92 answered 1 year ago

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