What must be submitted quarterly by Agencies to OMB?

What must be submitted quarterly by Agencies to OMB?

• A. SF-144 Budget Summary
• B. SF-120 Financial Statement
• C. SF-133 Report on Budget Execution
• D. SF-260 Request for Authorization

Answer: (C)

The key idea is quarterly visibility into how the budget is actually being used. Agencies submit the Report on Budget Execution to OMB to provide up-to-date data on budgetary resources, obligations, and outlays, broken down by program and activity, along with unobligated balances. This quarterly report lets OMB compare what was appropriated with what has actually been spent, helping track performance, fiscal discipline, and alignment of spending with priorities. The other forms serve different purposes—planning and presenting budget proposals, annual financial statements, or requests for new authorization—so they aren’t the standard quarterly submission to OMB.

The key idea is quarterly visibility into how the budget is actually being used. Agencies submit the Report on Budget Execution to OMB to provide up-to-date data on budgetary resources, obligations, and outlays, broken down by program and activity, along with unobligated balances. This quarterly report lets OMB compare what was appropriated with what has actually been spent, helping track performance, fiscal discipline, and alignment of spending with priorities. The other forms serve different purposes—planning and presenting budget proposals, annual financial statements, or requests for new authorization—so they aren’t the standard quarterly submission to OMB.