Get the free Budget Execution Report: SF 133 and FACTS II - va
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This document outlines the policies and procedures for the Department of Veterans Affairs to meet the reporting requirements related to budget execution and resources as mandated by federal regulations.
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How to fill out budget execution report sf
How to fill out Budget Execution Report: SF 133 and FACTS II
01
Begin by downloading the SF 133 form and accessing the FACTS II system.
02
Fill in the header information including agency name, report period, and contact information.
03
Input the relevant appropriation account details in the appropriate sections.
04
Enter the budget authority, adjustments, and any relevant obligations for the reporting period.
05
Ensure that you accurately report the outlays for the period based on financial transactions.
06
Review the data for accuracy and completeness before submission.
07
Submit the SF 133 electronically to your agency's financial office.
08
Log into FACTS II and enter the same data to ensure consistency between both reports.
09
Validate and review the data in FACTS II, then finalize the submission.
Who needs Budget Execution Report: SF 133 and FACTS II?
01
Federal agencies that are required to report on their budget execution and spending.
02
Budget officers and financial managers who need to track and report appropriations and outlays.
03
Government oversight bodies that utilize these reports for financial audits and assessments.
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People Also Ask about
What is the status of budgetary resources?
The Status of budgetary resources section displays information about the status of budgetary resources at the end of the reporting period. It consists of the obligations incurred and the unobligated balances at the end of the reporting period.
What is SF133?
The SF 133 Report on Budget Execution and Budgetary Resources: • Fulfills the requirement in 31 U.S.C. 1511–1514 that the President review Federal expenditures at. least four times a year. • Fulfills the requirement in 31 U.S.C. 1554 to report on unliquidated obligations, unobligated.
What is SF 133?
Budget execution is the process of monitoring, adjusting, and reporting on the current year's budget. For more information please visit reports.
What is federal budget execution?
The Status of budgetary resources section displays information about the status of budgetary resources at the end of the reporting period. It consists of the obligations incurred and the unobligated balances at the end of the reporting period.
What is SF 132 used for?
The apportionment (SF 132) contains two general sections: Budgetary Resources and Application of Budgetary Resources. Under Budgetary Resources, you display the sources of actual and anticipated resources as well as actual and anticipated reductions to those resources.
What does budget execution mean?
Budget execution is the process of monitoring, adjusting, and reporting on the current year's budget.
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What is Budget Execution Report: SF 133 and FACTS II?
The Budget Execution Report: SF 133 is a standardized report used by federal agencies to summarize the execution of their budget plans. FACTS II refers to the Federal Agencies Centralized Trial-Balance System, which collects financial information from federal agencies for accurate tracking and reporting of government expenditures.
Who is required to file Budget Execution Report: SF 133 and FACTS II?
Federal agencies are required to file the Budget Execution Report: SF 133 and FACTS II to ensure transparency and accountability in the management of federal funds.
How to fill out Budget Execution Report: SF 133 and FACTS II?
To fill out the Budget Execution Report: SF 133 and FACTS II, agencies must input their budget authority, obligations, and outlays. Agencies should follow the guidelines provided by the Office of Management and Budget (OMB) and the Financial Management Service for accurate data entry and reporting.
What is the purpose of Budget Execution Report: SF 133 and FACTS II?
The purpose of the Budget Execution Report: SF 133 and FACTS II is to provide a comprehensive view of budget execution across federal agencies, helping to monitor and ensure compliance with budgetary requirements and objectives.
What information must be reported on Budget Execution Report: SF 133 and FACTS II?
The information that must be reported includes budget authority, obligations, and outlays, as well as variances from the budget plan and comparative financial data from previous periods to facilitate analysis and oversight.
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