Federal Budget and Financial Management

Budget Formulation: An Introduction

NASBA CPEs: 14|CEUs: 1.4
Introduction
Classroom, Virtual

Who Should Attend

All Federal employees and contractors who want to learn more about their organization’s budget formulation process and who want to acquire more knowledge and understanding of the principles, laws, and procedures necessary for proper budget formulation. 

Course Overview

This course provides an introduction to budget formulation in the Federal Government. It emphasizes the administrative process of budget formulation, including the fundamental elements necessary for preparing budget estimates.  This is a practical course focusing on data collection, estimating techniques, and calculations used in the formulation of a budget.

Course Topics

The Budget Process and Participants

The Federal Budget Schedule

  • The Budget Cycle
     
  • Basic Budget Laws
     
  • Terms and Concepts
     
  • Interacting with Management, OMB, and Congress
Preparing and Submitting Budget Estimates

  • Determining Requirements
     
  • Building A Budget
     
  • Personnel Compensation and Benefits
     
  • FTE Allowances
     
  • Documenting, Presenting, and Justifying
     
  • Policies and Requirements
     
  • Object Classification
     
  • Sources of Budget Data and Estimating Techniques
     
  • Detailed Instructions for Formulating a Budget
Budget Submission

  • Effective Justification
     
  • Financial Management
     
  • Baseline Budget vs. Inflation and Increases
     
  • Justification Narratives
     
  • Cost Schedules

Select a Date and Location
This course is available for group training only - virtual or on-site. Please fill out the Group Training Request Form located on this page or call 301-749-5600 for more information.
Group Training
Would you like us to bring one of our instructor-led courses to your location or provide instructor-led training virtually? If so, please complete the Group Training Request Form. Group Training Request Form
Fax or Email
Please complete the registration form. Registration Form