Budget Execution
CPEs: 14
|CEUs: 1.4
Classroom, Virtual
Who Should Attend
All Federal employees and contractors involved with their organization’s budget execution process who want to acquire more knowledge of the principles, laws, and procedures necessary for proper budget execution.
Suggested Prerequisites: Students should be familiar with the principles in
Budget Analysis: An Introduction and
Federal Budget Process: An Introduction.
What You Will Learn
- Review the process for receiving appropriated funds.
- Describe the events involved in the budget execution process, including appropriations, apportionments, allotments, commitments, obligations, and outlays.
- Assess the availability of funds with respect to appropriations law (purpose, time, and amount).
- Follow budget execution requirements outlined in OMB Circular A-11.
- Discuss legislation affecting an agency’s operating and spending plans.
- Track and control a financial, operating, or spending plan.
- Identify methods for modifying a financial, operating, or spending plan.
- Discuss how the strategic planning process drives budget execution.
- Identify potential Anti-Deficiency Act violations.
- Review budget estimating techniques.
- Develop your budget execution problem solving skills.
- Monitor budget transactions, including payroll or contracts.
- Account for and consider program priorities.
- Respond to an unanticipated event.
- Analyze actual vs. planned figures to evaluate year-to-date performance.
- Develop an unfunded requirements list.
Why You Should Attend
Our instructor is an expert in the budget execution field with over 25 years of accounting, auditing, and federal financial management experience. You will receive practical and relevant information, which will help you become better equipped to successfully complete your budget execution duties and responsibilities.