Administrative Control of Funds
Functional Series 600 – Budget and Finance
Partial Revision Date: 06/26/2024
Responsible Office: M/CFO/FPS
File Name: 634_062624
Overview
The U.S. Government requires federal agencies to establish an effective funds control system to prevent overspending and to ensure compliance with various laws that are enacted to control and guide the formulation and implementation of federal fiscal policy (see 634.4.1). These laws play an important role in the budget process and set forth the rules and restrictions governing federal obligations and expenditures.
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