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OFFICIAL FILE COPY CLERK OF THE BOARD OF COUNTY COMMISSIONERS MIAMIDADE COUNTY, FLORIDAMEMORANDUMAgenda Item No. 3(A)(12)TO:Honorable Chairman Anthony Rodriguez and Members, Board of County CommissionersDATE:October
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What is cbo discretionary reserve?
The CBO discretionary reserve refers to a financial mechanism used by the Congressional Budget Office to set aside funds for unexpected expenses or discretionary spending decisions by Congress.
Who is required to file cbo discretionary reserve?
Federal agencies and departments that utilize discretionary funds are typically required to file and account for their use of the CBO discretionary reserve.
How to fill out cbo discretionary reserve?
To fill out the CBO discretionary reserve, agencies must provide detailed reports on their projected expenses, justify their need for additional discretionary funds, and follow specific guidelines set by the Congressional Budget Office.
What is the purpose of cbo discretionary reserve?
The purpose of the CBO discretionary reserve is to ensure that there are funds available for unforeseen expenditures while maintaining budgetary control and transparency in government spending.
What information must be reported on cbo discretionary reserve?
Information required for reporting on the CBO discretionary reserve includes the amount of funds reserved, the specific programs or expenditures covered, and a justification for the use of the reserve.
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