Which document is commonly referred to as the Red Book?

Which document is commonly referred to as the Red Book?

• A. GAO Principles of Federal Appropriations Law
• B. The Budget and Accounting Act Summary
• C. Red Book
• D. Federal Budget Manual

Answer: (C)

The Red Book is the GAO’s Principles of Federal Appropriations Law. This publication is widely known in federal budgeting and financial management as the standard reference for how appropriations are legally interpreted and applied. It earned its nickname from its distinctive red cover, making it a common shorthand for the GAO’s exhaustive guidance on spending authorities, obligations, time limits, reprogrammings, and other fund-management rules. The Budget and Accounting Act Summary and the Federal Budget Manual are separate resources and are not what people refer to as the Red Book.

The Red Book is the GAO’s Principles of Federal Appropriations Law. This publication is widely known in federal budgeting and financial management as the standard reference for how appropriations are legally interpreted and applied. It earned its nickname from its distinctive red cover, making it a common shorthand for the GAO’s exhaustive guidance on spending authorities, obligations, time limits, reprogrammings, and other fund-management rules. The Budget and Accounting Act Summary and the Federal Budget Manual are separate resources and are not what people refer to as the Red Book.