Outlays or Expenditures Law and Legal Definition

According to 32 CFR 34.2 (Title 32 - National Defense; Subtitle A - Department Of Defense; Chapter I - Office Of The Secretary Of Defense; Subchapter C - DoD Grant And Agreement Regulations; Part 34 - Administrative Requirements For Grants And Agreements With For-Profit Organizations; Subpart A – General), outlays or expenditures mean “charges made to the project or program. They may be reported on a cash or accrual basis. For reports prepared on a cash basis, outlays are the sum of cash disbursements for direct charges for goods and services, the amount of indirect expense charged, the value of third party in-kind contributions applied and the amount of cash advances and payments made to sub recipients. For reports prepared on an accrual basis, outlays are the sum of cash disbursements for direct charges for goods and services, the amount of indirect expense incurred, the value of in-kind contributions applied, and the net increase (or decrease) in the amounts owed by the recipient for goods and other property received, for services performed by employees, contractors, sub recipients and other payees and other amounts becoming owed under programs for which no current services or performance are required.”