Who is responsible for ensuring compliance with obligation legislation?

The responsibility for ensuring compliance with obligation legislation falls primarily on each agency’s financial management office. This office is tasked with overseeing the proper management and execution of financial transactions and obligations within their respective agency. They are directly involved in implementing policies and procedures that adhere to applicable laws and regulations related to financial management, ensuring that the agency meets its legal obligations.

The financial management office is integral in maintaining accurate records, managing budgets, and ensuring that expenditures align with legislative requirements. By monitoring financial practices, they help ensure that the agency operates within its authorized limits and adheres to the principles of sound financial stewardship.

Other entities, such as the Secretary of the Treasury, the Office of Management and Budget (OMB), and the Congressional Budget Office (CBO), play crucial roles in the broader scope of federal financial management and oversight, but the specific compliance with obligation legislation is fundamentally the responsibility of individual agency financial management offices. They serve as the frontline enforcers of these obligations, making them a key component in the overall compliance framework.