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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,
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| establishing controls to assure that they are properly used
(this "administrative control of funds" is required in Circular A-11), and
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| monitoring and reviewing use of funds to make sure that properly
established limits are not exceeded.
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| 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.
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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.
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