Glossary of Terms, Acronyms and Definitions


The glossary is  your key to decoding acronyms, terms and definitions throughout the site. 

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Basic Financial Assistance course.

Entry link: BFA


Basic Grants Management course.

Entry link: BGM


Boating Infrastructure Grant program provides grant funds to the State wildlife and fish agencies to construct renovate, and maintain tie-up facilities with features for transient boaters in vessels 26 feet or more in length, and to produce/distributed information and education materials about the program.

Entry link: BIG


The financial plan for the project or program that the Federal awarding agency or pass-through entity approves during the Federal award process or in subsequent amendments to the Federal award. It may include the Federal and non-Federal share or only the Federal share, as determined by the Federal awarding agency or pass-through entity.

Entry link: Budget

Budget Narrative

The "Budget Narrative" is a critical element in the Project Statement which reflects the cost estimates by project and subaccount program with additional information to show that the project is cost effective. Applicants should provide a justification for each budget category. This justification should be a brief general description of the costs that makeup the category, yet provide enough detail to demonstrate that the applicant has a financial plan for implementation of the proposed objectives.

Entry link: Budget Narrative

Budget Period

The time interval from the start date of a funded portion of an award to the end date of that funded portion during which recipients are authorized to expend the funds awarded, including any funds carried forward or other revisions pursuant to § 200.308.

Entry link: Budget Period



The Corrective Action Plan is a plan prepared by the Service in consultation with the grantee for addressing audit findings and implementing corrective actions.  At a minimum, it contains four components: auditor’s findings and recommendations, Service determinations, corrective actions, and resolutions.

Entry link: CAP

Capital Assets

(1)   Tangible or intangible assets used in operations having a useful life of more than one year 

which are capitalized in accordance with GAAP. Capital assets include:

(i)    Land, buildings (facilities), equipment, and intellectual property (including software) 

whether acquired by purchase, construction, manufacture, exchange, or through a lease accounted for 

as financed purchase under Government Accounting Standards Board (GASB) standards or a finance 

lease under Financial Accounting Standards Board (FASB) standards; and

(ii)    Additions, improvements, modifications, replacements, rearrangements, reinstallations, 

renovations or alterations to capital assets that materially increase their value or useful life 

(not ordinary repairs and maintenance).

(2)   For purpose of this part, capital assets do not include intangible right-to-use assets (per 

GASB) and right-to-use operating lease assets (per FASB). For example, assets capitalized that 

recognize a lessee's right to control the use of property and/or equipment for a period of time 

under a lease contract. See also § 200.465.

Entry link: Capital Assets

Capital Expenditure

Expenditures to acquire capital assets or expenditures to make additions, improvements, modifications, replacements, rearrangements, reinstallations, renovations, or alterations to capital assets that materially increase their value or useful life. 

Capital improvement 

(1) A structure that costs at least $25,000 to build, or

(2) The alteration, renovation, or repair of a structure if it increases the structure’s useful life by at least 10 years or its market value by at least $25,000.

Entry link: Capital Expenditure

Carryover Funds

Apportioned funds not obligated during the first year of availability and carried over into the next year for obligation by the state. The obligation of these funds does not count toward establishing a safety margin at year-end.

Entry link: Carryover Funds

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