Description:
Receive a strong introduction to the federal budget process. Gain a firm understanding of what a budget is, how a budget is prepared, the composition of the federal budget, and the role of federal financial management professionals. Learn how key legislation is changing, how the federal budget is developed and executed, and the resulting impact on the nation's financial and program resources. 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. This course is part of the Certificate of Accomplishment in Program and Management Analysis.
Duration:
3 days
Level:
Foundational
Who Should Attend?
Federal personnel who would benefit from an overview of the federal budget process and the procedures for formulating, justifying, and executing their organizations' budgets.
Credits:
24 CPEsLearning Outcomes:
- Demonstrate that you are ready for increased budget responsibilities.
- State common budget terms and use them appropriately.
- Identify key characteristics of object class budgets and program budgets.
- Provide valuable assistance to your supervisors in constructing an operating budget.
- Use valuable techniques for estimating costs.
- Estimate staff salaries, travel, and contract costs with confidence.
Available Sessions:
| Session Code | Start Date | End Date | Location | Tuition | |
|---|---|---|---|---|---|
| Session Code BUDG7000-001 | Start Date May 13, 2025 9:00 AM EST | End Date May 15, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7000-002 | Start Date Jun 24, 2025 9:00 AM EST | End Date Jun 26, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7000-003 | Start Date Jul 08, 2025 9:00 AM EST | End Date Jul 10, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7000-004 | Start Date Aug 05, 2025 9:00 AM EST | End Date Aug 07, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7000-005 | Start Date Sep 16, 2025 9:00 AM EST | End Date Sep 18, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7000-006 | Start Date Oct 14, 2025 9:00 AM EST | End Date Oct 16, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 |
- Fundamentals
- Purpose of a Federal Budget
- Need for Budget at the Operating Level
- History of Federal Budget Development
- Budget Decision Making
- Phases of Budgeting (Budget Cycle)
- Preparation and Execution of Federal Budget
- Flow of Appropriated Funds
- Sources of Program Funds
- Management Flexibility in Use of Funds
- Accounting Concepts for Budgeting
- Events in the Budget Cycle
- Building the Operating Budget
- Goals and Objectives
- Object Classifications
- Determining Personnel Costs
- Types of Costs
- Financial Planning
- Justification
- Anti-Deficiency Act 1955
- Mid Year Reviews
- Review of Budget Concepts
Other Recommended Courses:
- Financial Management Bootcamp for New Federal Managers (FINC7010)
- Federal Budget Process (BUDG7103)
- Introduction to Financial Management (FINC7000)
