Federal Budget and Financial Management

Budget Formulation: An Introduction

CPEs: 14|CEUs: 1.4
Classroom, Virtual

Who Should Attend

This course is designed for federal employees and federal contractors responsible for financial management, budget formulation, and/or budget execution, as well as anyone else who contributes to their agency's budget process.  This course will also benefit Management and Program Analysts, Administrative Officers, staff members new to the federal government, staff members responsible for project or program management, or anyone else in a position requiring you to make financial decisions for your federal component.

Additional Information

Prerequisites: None

Advanced Preparation:

NASBA CPE Field of Study: Finance (Federal)

Course Overview

The Federal budget cycle can be divided into three distinct phases that are generally sequential and yet intertwined. The first phase, which is the focus of this course, culminates in the transmittal of the President's Budget proposals to the Congress, and is called the budget formulation phase. 

As part of the budget formulation process, agencies submit baseline program levels and discretionary, mandatory, and governmental receipt proposals to OMB for consideration. Agencies work with OMB to determine the effect of proposals on budget authority, collections, and outlays based on the Administration's economic and technical assumptions. The scored level of budget authority, collections, and outlays for each approved budget proposal and the baseline for all programs create an overall picture of the President’s proposed fiscal path.  This course will cover all aspects of budget formulation.

Course Topics

The budget formulation course will cover:

  • Applicable laws
  • OMB Circular A-11
  • Budget phases and timelines
  • Budget types
  • Budget scoring
  • Budget data calls and data collection
  • Budget cost estimating methodologies
  • Major budget deliverables
  • The budget formulation process
  • Agency roles, responsibilities, key players, and required actions
  • Congressional action

Select a Date and Location
Aug 12 - 13, 2024
Class ID: 10004698
May 12 - 13, 2025
Class ID: 10004889
Aug 18 - 19, 2025
Class ID: 10004890
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
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