Guam § 4105 - Responsibilities of the Bureau of Budget and Management

§ 4105. Responsibilities of the Bureau of Budget and Management

Research.

The Bureau of Budget and Management Research shall:

(a) Assist the Governor in the preparation and explanation of

the proposed comprehensive program and financial plan, including

the coordination and analysis of territorial agency program goals

and objective, program plans and program budget requests.

(b) Develop procedures to produce the information needed for

effective policy decision-making.

(c) Assist territorial agencies in their statement of goals and

objectives, preparation of program plans, program budget requests

and reporting of program performance.

(d) Administer its responsibilities under the program execution

provisions of this Chapter so that the policy decisions and budget

determinations of the Governor and the Legislature are implemented

to the fullest extent possible within the concepts of proper

management.

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(e) Provide the Legislature with any budget information it may

request.

(f) Revenue Tracking Report. The Director of the Bureau of

Budget and Management Research, in collaboration with the

Director of Revenue and Taxation and the Director of the

Department of Administration, shall determine, after the end of each

month of the fiscal year, the revenue tracking for the balance of the

fiscal year, based upon the actual collections of the preceding

month, and prepare a statement comparing “actual” and “projected”

revenues. The Revenue Tracking Report for each month shall

identify any and all non-recurring revenues by General Fund

revenue category, by month collected, and by amount. Said report

and statement shall be certified as to its accuracy by each of the

aforementioned Directors, and submitted to the Speaker of I

Liheslaturan Guåhan, in a Microsoft Excel file and written report,

no later than thirty (30) days after the end of each month of the

fiscal year; and shall be posted monthly on the Bureau of Budget

and Management Research’s website. Failure to submit any reports

by the required deadline in this Section shall result in a Two

Hundred Fifty Dollars ($250.00) fine per missed deadline for the

Directors of the Bureau of Budget and Management Research, the

Department of Revenue and Taxation and the Department of

Administration, which shall be deposited into the GDOE

Interscholastic Sports Program.