The office within the executive branch of the Federal government which prepares the President's annual budget, develops the Federal government's fiscal program, oversees administration of the budget and reviews government regulations.
Means the Office of Management and Budget in the Executive Office of the President, the missions of which are to assist the President in overseeing the preparation of the Federal budget; supervise its administration in Executive Branch agencies; ensure that agency reports, rules, testimony, and proposed legislation are consistent with the President's Budget and with Administration policies; and oversee and coordinate the Administration's procurement, financial management, information, and regulatory policies. In each of these areas, OMB's goals are to help improve administrative management, to develop better performance measures and coordinating mechanisms, and to reduce any unnecessary burdens on the public.
Office of Management and Budget. The President's agent in implementing budget policies and controlling the use of funds by agencies. Sets policies for development of agency budget requests and how funds may be expended by agencies. (Back to discussion.)
OMB stands for the Office of Management and Budget, a federal agency. OMB prepares the President's budget plan to Congress and provides him with economic forecasts. Its equivalent in the U.S. Congress is CBO, the Congressional Budget Office.
(Office of Management and Budget) - a federal entity that issues a series of regulatory guidelines or circulars (OMB Circulars) addressing issues facing university research and administration. These include: A-21 (Cost Principles for Educational Institutions), A-110 (Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations), and A-133 (Audits of States, Local Governments, and Non-Profit Organizations).
Office of Management and Budget): The Federal office that issues instructions and regulations governing a grant. The agency puts out circulars that govern a project and will prevent a grant project director from committing acts of Federal fraud, making unauthorized purchases and payments, and provide guidance on daily activities conduct. Cost Principles for Educational Institutions ( OMB Circular A-21)Â Uniform Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit Organizations ( OMB Circular A-110) Audits ofÂ States, Local Governments, and Non-Profit Organizations ( OMB CircularÂ A-133).
U.S. Office of Management and Budget. The general functions of the Office of Management and Budget, as provided by statute and executive order, are to develop and execute the budget, oversee implementation of Administration policies and programs, advise and assist the President, and develop and implement management policies for the government.