Line Item Detail Definition
A line item detail (LID) is a breakdown of the costs associated with a particular line item in an appropriation, contract, or budget. It provides information on what the money will be used for and how it was calculated. Line item details are often required by law or regulation.
The level of detail required in a line item detail varies depending on the type of expenditure and the level of scrutiny it faces. For example, line items in the President’s budget are generally more detailed than those in a state government’s budget.
Line item details can include:
– A description of the goods or services to be purchased
– The quantity to be purchased
– The unit price
– The total amount of money allocated for the purchase
– The date when the purchase will be made
– The method of procurement (e.g., competitive bidding, sole source)
– The name and address of the vendor
