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OMB'S Mission
"To provide strategic direction and financing alternatives
to guide the prudent allocation of limited resources within
the policy framework set by the Governor and to accurately
implement and reflect the results of those decisions and subsequent
financial transactions in the State Budget, in the State Accounting
System, and in the State's Comprehensive Annual Financial Report."
Specifically, The Office of Management and Budget (OMB) performs
the following functions:
- Coordinates the annual agency-based planning process,
identifies and projects trends affecting the demand for
services, provides information and planning support for
the process of allocating available financial and human
resources, and evaluates strategic and long-term issues.
- Assesses budget needs, based on studies of State fiscal requirements,
ongoing monitoring of agency spending patterns, and on official
requests for appropriations by State departments, and
formulates the annual budget submitted by the Governor
to the Legislature.
- Develops and reviews State agency responses on proposed State and
federal legislation and regulations to ensure that the
broad State interest and fiscal policy is taken into account.
- Performs statewide studies to ensure that agencies serving
the same clients coordinate programs and resources, thus
avoiding unnecessary duplication of effort and identifying programs
for possible elimination or cost reduction.
- Provides for capital and development planning, evaluation
of capital construction projects, research into financing
of capital facilities and project review relative to coordinating
federally financed construction projects for State, local
and private agencies.
- Provides for the receipt, processing, recording and
reporting of all financial data of the States various
funds, in accordance with existing statutes and generally
accepted accounting principles. All financial transactions
and requests for payment are reviewed for propriety before
entry into the computerized accounting system, from which
official State monthly and annual fiscal reports are prepared.
- Responsible for assuring that State employees are paid
accurately and on a timely basis.
- Develops procedures, revises accounting systems, enhances accounting controls and monitors financial
activities of various State agencies.
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