TFM

Budgeting

The Office of Management and Budget (OMB) is the policy-setting entity involved with the federal budget process. Federal Entities work with OMB throughout the federal budget development and execution. Once Congress passes a budget, Treasury ensures that federal entities can spend the funding they have been allocated.

This page was last updated on February 10, 2023.

Issuing Payments

In order to make sure that all disbursements are legal, proper, and accurately recorded in an efficient manner, payees must follow guidelines provided by the Bureau of the Fiscal Service and other supporting government entities.

This page was last updated on February 14, 2023.

Payment Reporting

Payment Reporting are the activities related to reporting how agencies spend their funding. Some examples of reporting include GTAS, DATA Act, Consolidated financial statements.

This page was last updated on November 02, 2020.

Compliance Reviews

Compliance review guidance varies depending on whether the disbursement type is a benefit or federal entity payment. Additionally, Executive Order 13224 prohibits transactions with persons who commit, threaten to commit, or support terrorism. OFAC maintains the list of individuals who are included in this executive order.
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This page was last updated on January 31, 2023.