Budget Formulation: An Introduction

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