Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are anticipatory warrants issued at different times during the budget year?

April 26, 2017Anticipatory budget different issued times Warrants year

0

Posted

Are anticipatory warrants issued at different times during the budget year?

1 Answer

0

Posted

Yes. Two series of anticipatory warrants are issued under ISCAP. Series A warrants are issued in June for anticipated cash flow deficits which occur from July 1 to January 31. Series B warrants are issued in January for anticipated cash flow deficits occurring from February 1 to June 30.