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District of Columbia Code Division I. Government of District. § 1-301.155. Financial reports.

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) No later than December 1, 2014, and on a quarterly basis thereafter, until the approval of the Fiscal Year 2016 budget and financial plan, the Chief Financial Officer shall provide a report to the Council on the following subjects:

(1) Progress toward ensuring that the Fiscal Year 2016 budget will be balanced, including:

(A) Savings achieved to date;

(B) Additional revenue certified through revised revenue estimates; and

(C) Additional revenue that may be certified through revenue enhancements;

(2) An analysis of procurement reform efforts in Fiscal Year 2014, including:

(A) Contracts reviewed for potential cost savings;

(B) Savings secured through the renegotiation of existing contracts; and

(C) A report from the Office of Contracting and Procurement to the Chief Financial Officer regarding subparagraphs (A) and (B) of this paragraph;

(3) An analysis of personnel review efforts, including:

(A) Positions left vacant or eliminated as a result of cost-savings initiatives; and

(B) Savings secured through personnel savings; and

(4) Any other operating budget savings achieved or targeted in Fiscal Year 2014.

(b) Agencies shall report on their progress toward limiting personal and nonpersonal expenditures whether one-time or recurring.

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Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 1-301.155. Financial reports. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-1-301-155/

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