OMB exercises its review responsibility by appraising program and financial reports and by keeping abreast of agencies' efforts to attain program objectives. In addition, the General Accounting Office, as an agency responsible to Congress, regularly audits, examines, and evaluates Government programs. Its findings and recommendations for corrective action are made to Congress, to OMB, and to the agencies concerned. GAO also monitors the executive branch's reporting of messages on proposed rescissions and deferrals. It reports to Congress any differences it may have with the classifications (i.e., rescissions or deferrals) of the President's requests for withholding funds. Should the President fail to make budget authority available in accordance with the 1974 Budget Act, GAO may bring civil action to obtain compliance. A Ability To Pay, 91 Accrual Basis of Accounting, 85-86 Accrued Expenditures, 31 Advance Appropriation, 31 Advance Funding, 31-32 Agency, 32 Agency Borrowing, see Debt, Federal Agency Missions, 52 Allocations, 33 Allotment, 33 Allowances, 33-34 Amendment, see Budget Amendment Annual Authority, see One-Year Authority Reimbursements Antideficiency Act, 34 Appropriation Account/Fund Account, 35 Appropriation (Expenditure), Receipt, and Appropriation Limitation, 39 Appropriations Warrant, see Warrants Authority To Borrow, 42 Authority To Spend Debt Receipts, see Authorizing Committee, 39 B Backdoor Authority, 40 Balance of Payments, 91 Balances of Budget Authority, 40-41 Block Grants, see Grants Borrowing Authority, see Authority To Borrow Budget Account I.D. Code, see Budget Activity, 41 Budget Amendment, 41 Budget Authority, 41-44 Budget Deficit, 44 Budget Documents, see Appendix A Budget Outlays, see Outlays Budget Receipts, 47 Budget Resolution, see Concurrent Resolution on the Budget Budget Scorekeeping, see Scorekeeping Budget Updates, 45 Budget Year, 60 Budgetary Reserves, 45 Built-in-Stabilizer, see Automatic Stabilizer Business Cycles, 91 C Capital, 91 Capital Budget, 46 Cash Basis of Accounting, 86 Collections Credited to Appropriation or Fund Accounts, 47-48 Concurrent Resolution on the Budget, 49 Consolidated Decision Packages, 50 Consolidated Working Fund Accounts, 37 Constant Dollar, 92 Consumer Price Index (CPI), 92 Contingent Liability, 86 Continuing Resolution, 44 Contract Authority, 42 Cooperative Agreement, 51 Cross Agency Ranking, 51 Crowding Out, 93 Current Authority, 44 Current Dollar, 93 Current Liabilities, 88 Current Services Estimates, 52 D Debt, Federal, 52-53 Debt Held by the Public, 53 Debt Management, 53-54 Debt Subject to Statutory Limit, 53 Decision Package Set, 54 Decision Unit, 55 Decision Unit Overview, 55 Deferral of Budget Authority, 55 Definite Authority, 43 Deflation, 94 Deobligation, 56 Deposit Fund Accounts, 38-39 Depreciation, 86-87 Determination of Amount, 43 Devaluation, 94 Direct Loans, 56-57 Disbursements (Gross and Net), see Outlays Discount Rate, 94 Disposable Personal Income, 94 Divided Budget, see Capital Budget E Earned Income Credit, see Refundable Economic Growth, 94 |