Federal Budgeting: An Introduction
NASBA CPEs: 14|
Who Should Attend
This course is designed for Federal civilian, active military, and federal contractors who currently work in or support the Federal budget cycle. This course is also a good fit for acquisition professionals, individuals who would like to transition to the budget analyst (560) series, project managers, administrative professionals, travel managers, any staff who have budget-related “other duties as assigned,” or anyone else who would benefit from an overview of the Federal budgeting process.
Article 1, Section 8 of The United States Constitution designates the power of the purse as a function of Congress. The Federal budget process, as defined in the Congressional Budget and Impoundment Control Act of 1974, is the methodology through which the power of the purse is executed. In this course, we will walk through each of the major phases and timing of the annual budget cycle. Utilizing information sharing and hands-on individual and group activities, class participants will acquire practical and relevant information on the Federal budget process and its impact on their organization and their position.
- Acquire fundamental Federal budget knowledge and skills – discover what a budget analyst does
- Explore the basic concepts of the Federal budget process – learn where the money comes from and where it goes
- Glean strong foundational knowledge of key legislation that governs the Federal budget process and learn about the agencies that play a critical role
- Gain an understanding of and simplify the terms and phrases utilized in the budget process
- Become familiar with appropriation types, object classes, and account structure
- Learn and explore the roles that the President, the Congress, and other key players have in creating a budget
- Learn how the Federal budget process affects you and your office
- Understand the connection between performance management and budgeting
- Discover ways to assist with your office budget
- Gain practical application experience – through hands-on exercises – preparing, justifying, modifying, and reporting on a budget