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MEMORANDUMAgenda Item No. 14(A)(4)TO:Honorable Chairman Jose \” Pepe\” Diaz and Members, Board of County CommissionersDATE:February 17, 2021FROM:Germ BonzonKeenan Successor County AttorneySUBJECT:Resolution
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What is cbo discretionary reserve?
The cbo discretionary reserve is a set amount of money set aside by Congress for future spending that is not already allocated in the budget.
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Government agencies and departments that receive funding from Congress are required to file cbo discretionary reserve.
How to fill out cbo discretionary reserve?
To fill out cbo discretionary reserve, agencies must provide detailed information on the proposed use of the reserve funds and submit it to the appropriate oversight committees for approval.
What is the purpose of cbo discretionary reserve?
The purpose of cbo discretionary reserve is to ensure that there is flexibility in the budget to address unforeseen expenses or emergencies.
What information must be reported on cbo discretionary reserve?
The information reported on cbo discretionary reserve must include the amount of money being requested, the reasons for requesting the funds, and how the funds will be used.
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