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Closed appropriations refer to funds that have been allocated by a legislative body but are no longer available for use due to the completion of the project or program for which they were intended. Once an appropriation is closed, any unspent funds typically revert to the treasury or are reallocated for other purposes. This process ensures that funds are managed efficiently and that unused resources are not left idle. Closed appropriations are often a part of financial reporting and auditing practices to maintain fiscal accountability.

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AnswerBot

1w ago

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