FINANCIAL MANAGEMENT POLICY MANUAL

authorized by the agent will be signed by the agent in his/her own name
and the words, "By direction of (the holder of the allocation)", will appear
below the signature except where the "By direction" refers to the head of
the command, bureau, or office. When this system is used, the holder of
the allocation will be considered prima facie responsible for any act,
incurred by himself/herself or by any agent, which authorizes allocations
or allotments in excess of the available amount, except that the agent also
will be deemed responsible under 31 U.S.C. 1517(a), for making
authorizations in excess of the allocation.
(Change 65)
PART D: REVIEW AND REPROGRAMMING
073300 REVIEW
1. CONTINUING REVIEW.
Program and comptroller personnel at all levels of financial and operating
responsibility receive and analyze reports of operational or spending levels
to determine needs for adjustment upward or downward or for
reprogramming of resources in line with changes in timing, program
emphasis, pricing, or other determinants of financial requirements.
Accounting status reports used in conjunction with reports of performance,
as well as the consistent exchange of data in connection with management
decisions, indicate needs for additional funds or for deceleration of
program activity, or may reveal the availability of savings for diversion to
other urgent requirements.
2. MIDYEAR REVIEW.
A concentrated review of performance under the Operation and
Maintenance accounts (both Navy and Marine Corps) is conducted by
major claimants in March through May of each fiscal year. A
comprehensive review of the Other Procurement, Navy account is also
conducted. On a case-by-case basis, other accounts also undergo regularly
scheduled, in-depth execution reviews. Detailed analyses for each budget
category consider obligations to date and projected requirements for the
balance of the year. Particular attention is directed toward providing
resources for previously unfunded requirements caused by unforeseen
program or pricing changes. Savings arising from budgeted programs
which have experienced delay in implementation may be reapplied to
provide for these new demands. This midyear review, beginning at the
subordinate operating echelons, is carried through the chain of command.
(Change 44)
Financial Management Policy
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