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The Office of Management and Budget (OMB) is the largest office [a] within the Executive Office of the President of the United States (EOP). OMB's most prominent function is to produce the president's budget, [2] but it also examines agency programs, policies, and procedures to see whether they comply with the president's policies and coordinates inter-agency policy initiatives.
United States Office of Management and Budget officials (3 C, 34 P) Pages in category "United States Office of Management and Budget" The following 32 pages are in this category, out of 32 total.
OMB also manages the city's capital financing programs through the issuing of bonds, and conducts legal reviews of capital projects financed with bond proceeds. [ 1 ] New York City has the largest municipal budget in the United States at $95.1 billion in Fiscal Year 2021 (as of the City's January 2021 Financial Plan).
The object of the budget bill was to consolidate the spending agencies in both the executive and legislative branches of the government. [ 1 ] The act created the Bureau of the Budget, now called the Office of Management and Budget (OMB), to review funding requests from government departments and to assist the president in formulating the budget.
OMB Circular A-11 ("Preparation, Submission, and Execution of the Budget") is a United States government circular that addresses budget preparation for federal agencies, [1] and is "the primary document that instructs agencies how to prepare and submit budget requests for OMB review and approval". [2]
The OMB, which is responsible for organizing the President's budget presented in February, typically issues a budget update in July. The GAO and the Treasury issue Financial Statements of the U.S. Government , usually in the December following the close of the federal fiscal year, which occurs September 30.
OMB Bulletin No. 17-03, Audit Requirements for Federal Financial Statements; OMB Bulletin M07-02, Bulletin for Agency Good Guidance Practices, 72 Fed. Reg. 43432 (Jan. 25, 2007) OMB Bulletin M05-03, Information Quality Bulletin for Peer Review; OMB Bulletin B01-09, Form and Content of Agency Financial Statements
The Office of Federal Financial Management (OFFM) is a component of the United States Office of Management and Budget (OMB), which is part of the Executive Office of the President of the United States (EOP). The President of the United States appoints the controller, who serves as the chief officer of OFFM.