§ 9-4-203 — Definitions

(a) As used in this act:
(i) "Activity" means a specific and distinguishable
line of work performed by one (1) or more organizational
components of a governmental unit or capital outlay for the
purpose of accomplishing a function for which the governmental
unit is responsible;
(ii) "Appropriation" means an authorization granted
by the legislature to make expenditures and to incur obligations
for specific purposes;
(iii) "Earmarked revenue" means revenue which is
dedicated by law for expenditure for specified activities,
functions or programs and limited in the amount expended for the
activities by the amount of money deposited to the credit of the
governmental unit responsible for the specified functions and
activities;
(iv) "Earned federal money" means any federal money
receipt which is:
(A) Reimbursement for state money disbursed
under a contractual relationship;
(B) Reimbursement of administrative overhead;
(C) Reimbursement for general state overhead
from the statewide cost allocation;
(D) To finance a state activity that is being
performed as a regular state funded activity;
(E) Reimbursement for an overmatch of federal
money for any reason for which there is no obligation to carry
forward for additional state funding or requiring a refund to
the federal government; or
(F) The result of a lapse in a federal activity
that does not require refunding to the federal government.
(v) "Fiscal period" means the period from July 1
through June 30 of each year established for the purpose of
determining the financial position and the results of a
governmental unit except as otherwise specifically provided or
authorized by law;
(vi) "Function" means a group of related activities
aimed at accomplishing a major service or program for which a
governmental unit is responsible;
(vii) "Fund" means an independent fiscal and
accounting entity with a self-balancing set of accounts
recording cash or other resources together with all related
liabilities, reserves, and equities which are segregated for the
purpose of carrying on specific activities or functions or
attaining specific objectives in accordance with law;
(viii) "Fund accounts" means the accounts necessary
to set forth the financial operations and the financial position
of the various components of any fund;
(ix) "Lapse" means the automatic termination of an
appropriation;
(x) "Restricted revenue" means revenue which is
dedicated by law for expenditure for specified activities,
functions or programs and limited in the amount expended by
legislative appropriation;
(xi) "Surplus" means the excess of assets of a
specific fund or account over its liabilities;
(xii) "Unappropriated surplus" means that portion of
the surplus of a specific fund or account which is not
segregated for specific purposes;
(xiii) "This act" means W.S. 9-4-202 through 9-4-226.