109 STAT. 108
PUBLIC LAW 104-8 —APR. 17, 1995
TITLE II—RESPONSIBILITIES OF
AUTHORITY
Subtitle A—Establishment and Enforcement of Financial Plan and Budget for
District Government
SEC. 201. DEVELOPMENT OF FINANCIAL PLAN AND BUDGET FOR DIS-
TRICT OF COLUMBIA.
(a) DEVELOPMENT OF FINANCIAL PLAN AND BUDGET. —For each
fiscal year for which the District government is in a control period,
the Mayor shall develop and submit to the Authority a financial
plan and budget for the District of Columbia in accordance with
this section.
(b) CONTENTS OF FINANCIAL PLAN AND BUDGET.— ^A financial
plan and budget for the District of Columbia for a fiscal year
shall specify the budgets for the District government under part
D of title IV of the District of Columbia Self-Government and
Governmental Reorganization Act for the applicable fiscal year and
the next 3 fiscal years (including the projected revenues and
expenditures of each fund of the District government for such
years), in accordance with the following requirements:
(1) The financial plan and budget shall meet the standards
described in subsection (c) to promote the financial stability
of the District government.
(2) The financial plan and budget shall provide for estimates of revenues and expenditures on a modified accrual
basis.
(3) The financial plan and budget shall—
(A) describe lump sum expenditures by department
by object class;
(B) describe capital expenditures (together with a
schedule of projected capital commitments of the District
government and proposed sources of funding);
(C) contain estimates of short-term and long-term debt
(both outstanding and anticipated to be issued); and
(D) contain cash flow forecasts for each fund of the
District government at such intervals as the Authority
may require.
(4) The financial plan and budget shall include a statement
describing methods of estimations and significant assumptions.
(5) The financial plan and budget shall include any other
provisions and shall meet such other criteria as the Authority
considers appropriate to meet the purposes of this Act, including
provisions for changes in personnel policies and levels for each
department or agency of the District government, changes in
the structure and organization of the District government, and
management initiatives to promote productivity, improvement
in the delivery of services, or cost savings.
(c) STANDARDS TO PROMOTE FINANCIAL STABILITY DESCRIBED.—
(1) IN GENERAL.— The standards to promote the financial
stability of the District government applicable to the financial
plan and budget for a fiscal year are as follows:
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