TFM

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.

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.

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