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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