House Committee on Appropriations Role

In the United States' budgetary process, the allocation and management of federal funds require significant coordination between the executive and legislative branches. Given the complexity of funding decisions, several key roles and mechanisms are in place to facilitate this process, including the formulation of budgets, reviews, and appropriations. One particularly critical point within this process is the role of the House Committee on Appropriations. Which of the following statements accurately describes the authority and responsibilities held by this Committee in relation to the budgetary process?