Description:
Gain a solid foundation in the principles and concepts of the federal budget process. In this first of six core budget courses, become familiar with the basic concepts of federal budgeting. Learn the fundamentals of preparing and modifying a budget; the key players and their roles; appropriation types and their distinctive characteristics; the four phases of budgeting; and the purpose of midyear reviews. This course is part of the Master Certificate in Federal Financial Management (MCFFM).
Duration:
3 days
Level:
Foundational
Who Should Attend?
Budget, program and administrative technicians, analysts, officers and managers; accountants and accounting technicians; and auditors, financial analysts, interns/trainees and management analysts who would like to better understand the federal budget process.
Credits:
24 CPEsLearning Outcomes:
- Describe the federal budget process.
- Use budget terminology correctly.
- Apply budget concepts and techniques to your programs Identify the key elements of a performance budget.
- Track and analyze costs to ensure budget compliance.
Available Sessions:
| Session Code | Start Date | End Date | Location | Tuition | |
|---|---|---|---|---|---|
| Session Code BUDG7001-002 | 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 BUDG7001-003 | Start Date Jul 14, 2025 9:00 AM EST | End Date Jul 16, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7001-004 | Start Date Aug 19, 2025 9:00 AM EST | End Date Aug 21, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7001-005 | Start Date Oct 21, 2025 9:00 AM EST | End Date Oct 23, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7001-006 | Start Date Nov 03, 2025 9:00 AM EST | End Date Nov 05, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7001-007 | Start Date Dec 09, 2025 9:00 AM EST | End Date Dec 11, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 |
- Federal Budget Overview
- Purposes of the Federal budget
- Key budget legislation
- Flow of budget authority
- Types of appropriations
- Organizational Budget Overview
- Request for budget authority
- Control Spending
- Accountability
- Productivity analysis
- Government Performance and Results Act
- Overview and definitions
- Performance measurement
- Setting goals and objectives
- Budget Formulation
- Major events in the formulation process
- Application of object classes
- Budgeting steps for appropriated fund budgets
- Budgeting steps for revolving fund budgets
- Budget Execution
- Major events during execution
- Other important execution processes
- Checklist for modifying budget
- Budget Justification
- Purpose
- Understanding OMB guidance
- Contents of a budget justification
- Writing a budget justification
Other Recommended Courses:
- Federal Budget Process (BUDG7103)
- Budget Formulation (BUDG7101)
- Budget Execution (BUDG7100)
- Budget Justification and Presentation (BUDG7102)
- Congressional Budget Process (BUDG8175)
- Federal Budget Analysis Using Microsoft Excel (BUDG8150)
