You are here

Home » WAAM

WAAM

Useful life - WAAM -

An estimate of the total time that an asset is usable and in service.

Unanticipated receipts - WAAM -

Revenue received which has not been appropriated by the Legislature. The Governor has the authority to approve the allotment of such money within the guidelines of the intent in which they were received and the statutory guidelines of RCW 43.79.270.

Treasury funds/accounts - WAAM -

Accounts that have cash on deposit in and under the control of the State Treasurer and are disbursed by means of a warrant of electronic means. Treasury accounts are subject to appropriation unless specifically exempted.

Subprogram - WAAM -

A general term describing specific activities within an agency program.

Subobject - WAAM -

A refined breakdown of object of expenditures relating to particular items or item categories.

Sole source - WAAM -

A contractor providing goods or services of such a unique nature or sole availability at the location required that the contractor is clearly and justifiably the only practicable source (best source) to provide the goods or services. Refers to a procurement situation where the goods or services are of such a unique nature or sole availability at the location required that one vendor is clearly and justifiably the only practicable source to provide the goods or services.

Security Role Mappings - WAAM -

The mapping of security roles, positions, and employees from present security roles in agencies to map employees to security roles through positions.

Revolving fund/account - WAAM -

An internal service fund established to carry out a cycle of operations. The amounts expended from the account are restored to the account from earnings from operations or by transfers from other accounts, so that the account is always intact.

Retainage - WAAM -

Those portions of cash amounts due to be paid to a contractor for work completed that are held back (retained) by the agency/institution and not paid until some later date; often at substantial completion or at final completion of the work, according to the terms and conditions of the contract and any relevant legal statue; as a security for proper performance of work and fulfillment of contractor's requirements.

Project - WAAM -

Accumulates costs for planned work over a period of time for planned outcome that may be capitalized or expensed. Project types include non-billable, billable, capital and opportunity. Project can be subdivided into sub-projects, phases and tasks.

Refer to Workday Term Worktag: Project.

Pages