Obligations are the
amounts for orders placed, contracts awarded, services received, and similar transactions during a given period, regardless of when the funds were appropriated and when future payment of money is required. Obligations differ from expenditures in
that funds allocated by Federal agencies during one fiscal year may be spent by the recipient institution either partially or entirely during one or more
Deobligations are reported in the year in which the obligations were
If the original year was not known or could not be determined by agency accounting records, the deobligation was reported for the current year (fiscal year 1992). Reporting negative data for the
current year was possible if the deobligations exceeded current year obligations.