A manager shall develop year-end spending projections, by source of funds, on a quarterly basis, which show year-to-date spending, approved budget, year-end projected spending, explanations of variances greater than 5%, and in the case of overspending, a corrective action plan. Spending projections shall be submitted to the agency head and the agency fiscal officer. Summarized agency spending projections shall be submitted to the Chief Financial Officer no more than 30 days after the end of the quarter.
(Apr. 4, 2003, D.C. Law 14-285, § 2, 50 DCR 940; Mar. 14, 2007, D.C. Law 16-293, § 2(b), 54 DCR 1083.)
D.C. Law 16-293, substituted “quarterly” for “monthly”, “fiscal” for “chief financial”, and “quarter” for “month”.
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 3 - Budget and Financial Management; Borrowing; Deposit of Funds
Subchapter III-B - Anti-Deficiency
§ 47–355.02. Limitations on expenditures and obligating amounts
§ 47–355.03. Reporting requirements of managers
§ 47–355.04. Reporting requirements of agency heads and chief financial officers
§ 47–355.05. Reporting requirements of the Chief Financial Officer and Agency Fiscal Officers