If the last disbursement on a no-year appropriation was December 13, 2006, when would the appropriation close?

If the last disbursement on a no-year appropriation was December 13, 2006, when would the appropriation close?

• A. Oct 1, 2007
• B. Oct 1, 2008
• C. Oct 1, 2009
• D. Dec 1, 2006

Answer: (B)

No-year (non-year) funds stay available until all obligations are liquidated, but for administrative purposes the account is closed after two full fiscal years have passed since the last disbursement. So take the date of the last disbursement and move forward two complete fiscal years, then the closing happens on the first day of the next fiscal year. Last disbursement: December 13, 2006. Two full fiscal years after that are FY2007 and FY2008, ending September 30, 2008. The closing date is October 1, 2008. That’s why Oct 1, 2008 is the correct choice. Oct 1, 2007 is only one fiscal year after the last disbursement, Dec 1, 2006 is not a closing date, and Oct 1, 2009 would be after three fiscal years.

No-year (non-year) funds stay available until all obligations are liquidated, but for administrative purposes the account is closed after two full fiscal years have passed since the last disbursement. So take the date of the last disbursement and move forward two complete fiscal years, then the closing happens on the first day of the next fiscal year.

Last disbursement: December 13, 2006. Two full fiscal years after that are FY2007 and FY2008, ending September 30, 2008. The closing date is October 1, 2008.

That’s why Oct 1, 2008 is the correct choice. Oct 1, 2007 is only one fiscal year after the last disbursement, Dec 1, 2006 is not a closing date, and Oct 1, 2009 would be after three fiscal years.