Definition: Salary range is the range of pay that has been established to be paid to employees performing a particular job or function.
The NSFR is defined as the amount of available stable funding (ASF) relative to the amount. of required stable funding (RSF). The ASF is defined as the portion of capital and liabilities. expected to be reliable over the time horizon considered by the NSFR, which extends to. one year.
The commitment of funds is a concept that recognizes transactions on a. pre-obligation basis. The recording of commitments is an accounting practice for. control of funds purposes and does not constitute âcommitment based fundingâ for. budget and reporting purposes. The commitment of funds achieves an administrative. control and funds availability validation prior to the obligation of funds. Throughout. this Chapter, the term âcommitmentâ is used to describe the pre-obligation of funds. and includes, and replaces, the term âreservationâ. Essentially, a commitment is the. setting aside or earmarking of funds that will be used in the future for the purchase of. goods or services, or the award of grants or subsidies.