3 ms·
Probably a contract that was "on the books" in FY 2013 but later canceled before payment in FY 2014. I assume there is a considerable time lag in payment when
by Isamu 11y ago
Probably a contract that was "on the books" in FY 2013 but later canceled before payment in FY 2014. I assume there is a considerable time lag in payment when dealing with the US govt.
- vonmoltke 11y agoThis most likely. You get to count the money for a contract when it gets booked and awarded, even if you don't start work on it immediately or actually receive any money. If you book a contract (and count the money) in one fiscal year and it gets reduced or canceled in a subsequent one the reduction counts as a "loss" even if no money has actually changed hands yet.