Federal Fiscal Operations and Maintenance Funding Rules: What Contract Managers Need to Know
Maintaining vigilance in O&M funding issues and sharing knowledge among the agency's management and employees is a necessity-not an option.
It is essential for contract managers to know the intent and
Processes have been put in place to ensure proper obligation and tracking of the O&M one-year funding. This "color of money" has invoked various interpretations and applications that sometimes leave a contract manager asking, "Where do I go from here?" Learning in-depth about O&M funding will help you then make prudent decisions that support the government agency's requirements.
IMAGE ILLUSTRATION 1Legal Basis
The U.S. Constitution Article I Section 9 Clause states, "No money shall be drawn from the treasury but in consequence of appropriations made by law." All fiscal law flows from this authority. Subsequent statutes came into being because the agencies abused the appropriations they were given-for example, spending in excess of their appropriations. Agencies would go to Congress for a "deficiency" appropriation to meet their obligations-hence the name, Anti-Deficiency Act (ADA).
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