Execute --Implement or Carry Out the Budget
What is Budget Execution?
Everything that needs to be done for making sure that funds become available for the purposes for which appropriated and that they are in fact used for these purposes after Congress has appropriated the funds and the President signed the bill. Functions associated with budget execution include:
allocating funds to various operating levels,
establishing controls to assure that they are properly used (this "administrative control of funds" is required in Circular A-11), and
monitoring and reviewing use of funds to make sure that properly established limits are not exceeded.
Operating component managers have continuing responsibilities for budget execution. In fact, most of the time they spend on budget related matters is budget execution. As the process shows, operating managers do have a role in the budget formulation process, but the aspect of the budget process that affects their day to day operations and that affects their ability to manage is budget execution.
Budget Execution Requirements
Formal requirements are spelled out in agency manuals, generally related to funds control and/or accounting procedures. They involve properly documenting all actions, from the formal allocation of funds to operating managers to certifying the accuracy of accounting reports at the end of each fiscal year.
Back to: GUIDANCE, ACTION!,