Reporting requirements of the Chief Financial Officer and Agency Fiscal Officers.

(b) The Chief Financial Officer shall be required to develop the quarterly apportionment of funds, by source of funds, for each agency based on the spending plans submitted by agency heads and agency fiscal officers. The apportionment shall be binding on agencies unless otherwise modified by the Chief Financial Officer.

(c) The Chief Financial Officer shall determine when each agency will transition to the quarterly apportionment of funds, so long as all agencies transition to quarterly apportionment within 3 years of [April 4, 2003].

(e)

(1) The Chief Financial Officer shall submit a quarterly summary to the Council and the Mayor on all:

(A) Reprogrammings;

(B) Intra-District transfers; and

(C) Other budget modifications that involve a change in the purpose of the use of the funds that are not included in the annual budget and are more than $50,000 and less than $500,000.

(2)

(A) The summary shall set forth clearly and concisely each budget category affected by the reprogramming, intra-District transfer, or other budget modification, as described in paragraph (1) of this subsection, showing the original and new amounts, as follows:

(i) For the operating budget, by:

(I) Agency;

(II) Object category; and

(III) Object class; and

(ii) For capital projects, by:

(I) Program;

(II) Agency;

(III) Object category; and

(IV) Project and subproject.

(B) For capital projects, the summary shall also describe any consequences of the shift, such as personnel shifts or equipment transfers.