Once the appropriation and segregation control records are established by the State Comptroller, the budget process enters a new phase: budget execution. Generally, enacted budget bills provide that “no monies appropriated by this chapter shall be available for payment until a certificate of approval has been issued by the director of the budget.” Budget certificates, which are represented by Budget Journals within the Statewide Financial System (SFS), specify the amounts to be made available at the specific budgetary account code of expenditure (e.g., personal services, travel, contractual services, equipment, fringe benefits, etc.).

Guide to Financial Operations

REV. 01/28/2015