5 Guam Code Ann. § 4105
Terms Used In 5 Guam Code Ann. § 4105
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(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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5 Guam Code Ann. GOVERNMENT OPERATIONS
CH. 4 PROGRAM BUDGETING AND FINANCIAL MANAGEMENT
(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.
SOURCE: GC § 5154 added by P.L. 12-115. Subsection (f) added as uncodified law by P.L. 32-068:XII:5 (Sept. 11, 2013) and codified to this section by the Compiler, stricken pursuant to P.L. 32-181:XIII:19 (Sept. 5, 2014), and added by P.L. 33-066:XII:22 (Sept. 5, 2015).