Description:
The federal budget process is a highly structured system carried out in three distinct phases (Budget Formulation, Congressional Action, and Budget Execution). In this brief but comprehensive course, explore the major phases and timing of the federal budget process; principal participants and their roles; current issues affecting budgetary decisions; and how the budget is reviewed and audited. This course contains practical case exercises that can be completed using Microsoft Excel. If available, please bring a laptop containing Excel software to class with you. If you do not have access to a laptop, or you do not have a basic knowledge of Excel, the exercises can be completed using a hand calculator.
Duration:
2 days
Level:
Foundational
Who Should Attend?
Anyone who needs an overview of the federal budget process.
Credits:
16 CPEsLearning Outcomes:
- Describe the phases of the federal budget process.
- Describe the roles of the President, Office of Management and Budget, federal agencies, the Congress, the Government Accountability Office (GAO), the Inspector General (IG), the Congressional Budget Office (CBO), and the Treasury Department in the budget process.
- Identify current issues that influence federal budgetary decisions.
- Recognize the impact of the Government Performance and Results Act (GPRA) and the GPRA Modernization Act (GPRAMA) on the budget process.
Available Sessions:
| Guaranteed-to-Go | Session Code | Start Date | End Date | Location | Tuition | |
|---|---|---|---|---|---|---|
Guaranteed-to-Go
|
Session Code BUDG7103-001 | Start Date May 20, 2025 9:00 AM EST | End Date May 21, 2025 5:00 PM EST | Location Virtual | Tuition $959.00 | |
| Guaranteed-to-Go | Session Code BUDG7103-002 | Start Date Aug 13, 2025 9:00 AM EST | End Date Aug 14, 2025 5:00 PM EST | Location Virtual | Tuition $959.00 | |
| Guaranteed-to-Go | Session Code BUDG7103-003 | Start Date Sep 03, 2025 9:00 AM EST | End Date Sep 04, 2025 5:00 PM EST | Location Virtual | Tuition $959.00 | |
| Guaranteed-to-Go | Session Code BUDG7103-004 | Start Date Dec 15, 2025 9:00 AM EST | End Date Dec 16, 2025 5:00 PM EST | Location Virtual | Tuition $959.00 |
- Federal Budget Overview
- Terms and concepts
- The budget process and participants
- The President's budget
- Budgeting and the economy
- Budget baselines
- Budget functions
- Budget Formulation
- Preparation of the President's budget
- Agency's budget justification to OMB
- Budget documents
- Formulation schedule
- Budget Examination and Review by OMB
- OMB's history and functions
- Organization of OMB
- OMB circulars
- Congressional Action on the Budget
- Overview of the congressional budget process
- Budget resolution
- Reconciliation
- Appropriations acts
- Continuing resolutions
- Authorizing legislation
- Influencing appropriations
- Types of spending
- Budget enforcement and sequestration
- Congressional Budget Office
- Budget Execution
- Overview of the budget execution cycle
- Treasury warrants
- Apportionments
- Fund allotments
- Obligations and expenditures
- Reporting
- Deprogramming and transfers
- Deferrals and rescissions
- Supplemental appropriations
- Review and Audit of Budget Results
- GAO audits
- Appropriations law
- Inspectors General
- GPRA
Other Recommended Courses:
- Congressional Budget Process (BUDG8175)
- Introduction to Federal Budgeting (BUDG7001)
- Budget Execution (BUDG7100)
- Budget Formulation (BUDG7101)
- Budget Justification and Presentation (BUDG7102)
