Which agency apportions budget authority to the DoD comptroller on a periodic basis?

Which agency apportions budget authority to the DoD comptroller on a periodic basis?

The apportionment process begins when the Office of Management and Budget (OMB) apportions budget authority to DoD based on appropriations made by Congress.

What activity provides the budget authority?

Appropriation: A law of Congress that provides an agency with budget authority. An appropriation allows the agency to incur obligations and to make payments from the U.S. Treasury for specified purposes.

What is the name of the law that requires funds appropriated by Congress to be used only?

Misappropriation is the intentional and illegal use of funds for another use or other unauthorized purpose than its intended purpose. (31 USC, Section 1301) requires that funds appropriated by Congress be used only for the programs and purposes for which the appropriation was made.

What is definite budget authority?

Definite Authority. Budget authority that is stated as a specified sum at the time the authority is enacted. This type of authority, whether in an appropriation act or other law, includes authority stated as “not to exceed” a specified amount.

What does reprogramming permit the Department of Defense do with budget authority ba?

19Q: Reprogramming permits the DoD to: 19A: Use funds for purposes other than those originally intended by Congress. 20Q: Realignment of funds between activities that are below the level of control for that appropriations category does not require a reprogramming action.

What is a bona fide need?

The bona fide needs rule is a rule of appropriations law. It mandates that a fiscal year’s appropriations only be obligated to meet a legitimate—or bona fide—need arising in (or sometimes before) the fiscal year for which the appropriation was made.

What funds are available for new obligations for a period of 5 years?

Most appropriations are available for obligation purposes for a finite period of time. Operation and maintenance (O&M) funds are available for 1 year, procurement appropriations for 3 years, and construction funds for 5 years.

What are the three types of restrictions on funds?

Appropriated funds are subject to three basic fiscal constraints: time, purpose, and amount.

What is the termination contracting officer responsible for?

(d) After the contracting officer issues a notice of termination, the termination contracting officer (TCO) is responsible for negotiating any settlement with the contractor, including a no-cost settlement if appropriate.

What is the difference between budget authority and outlays?

The spending totals in the budget resolution are stated in two different ways: the total amount of “budget authority,” and the estimated level of expenditures, or “outlays.” Budget authority is how much money Congress allows a federal agency to commit to spend; outlays are how much money actually flows out of the …

Who is responsible for apportionment of DoD budget?

After Congress passes the DoD Appropriations Bill and the President signs it, the Office of Management and Budget (OMB) distributes the Budget Authority to DoD. Apportionment

How often does the Office of Management and Budget apportion funds?

Office of Management and Budget apportions funds (Budget Authority) to the DoD Comptroller on a quarterly, annual, or other periodic basis depending on the appropriation Budget Authority Authority granted by appropriation law to enter into obligations that will result in immediate or future outlays

How does the Office of Management and Budget distribute funds?

After Congress passes the DoD Appropriations Bill and the President signs it, the Office of Management and Budget (OMB) distributes the Budget Authority to DoD Office of Management and Budget apportions funds (Budget Authority) to the DoD Comptroller on a quarterly, annual, or other periodic basis depending on the appropriation

What is the mission of the Office of Management and Budget?

OMB carries out its mission through five critical processes that are essential to the President’s ability to plan and implement his priorities across the Executive Branch: Budget development and execution. Management, including oversight of agency performance, human capital, Federal procurement, financial management, and information technology.