Description:
Master the skills necessary to build an accurate and defensible budget compliant with budget-related legislation and the strict standards of the Office of Management and Budget (OMB). Learn how to define outcomes and other performance measures, gather the data necessary to prepare a budget, identify the dollar resources needed to attain the performance outcomes, and present and defend your budget. This course is part of the Master Certificate in Federal Financial Management (MCFFM).
Duration:
3 days
Level:
Intermediate
Who Should Attend?
Budget analysts, financial management specialists and program managers who assist in the preparation of their organization's budget submission and compile cost data and other information to contribute to decisions about future program activities, funding, and budget strategies. Participants should be familiar with budget principles as taught in Introduction to Federal Budgeting (BUDG7001)
Credits:
24 CPEsLearning Outcomes:
- Effectively use essential budget concepts and terminology.
- Implement effective tools and techniques in documenting, presenting, and justifying a budget.
- Explain the relationship between the current and prior year budgets and the strategic plan.
- Use effective techniques for formulating a budget that adheres to the requirements set forth in the Office of Management and Budget (OMB) Circular A-11.
- Describe the presidential and congressional-directed performance evaluation process.
- Describe the steps for building a budget and effectively determine budget requirements that reflect the mission and strategic plan of your program.
- Develop a performance budget in accordance with the requirements of the Government Performance and Results Act of 1993 (GPRA) and the GPRA Modernization Act of 2010.
Available Sessions:
| Session Code | Start Date | End Date | Location | Tuition | |
|---|---|---|---|---|---|
| Session Code BUDG7101-002 | Start Date May 20, 2025 9:00 AM EST | End Date May 22, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7101-009 | Start Date Jun 02, 2025 8:30 AM EST | End Date Jun 04, 2025 4:30 PM EST | Location InPerson | Tuition $1,199.00 | |
| Session Code BUDG7101-003 | Start Date Jun 03, 2025 9:00 AM EST | End Date Jun 05, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7101-004 | Start Date Jul 09, 2025 9:00 AM EST | End Date Jul 11, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7101-005 | 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 BUDG7101-006 | Start Date Oct 28, 2025 9:00 AM EST | End Date Oct 30, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7101-007 | Start Date Nov 10, 2025 9:00 AM EST | End Date Nov 12, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code BUDG7101-008 | Start Date Dec 01, 2025 9:00 AM EST | End Date Dec 03, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 |
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Federal Budget Overview
- The changing budget environment
- The size and composition of the federal budget
- The federal budget process
- Purposes of the federal budget
- Purposes of the organizational budget
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Overview of Agency and OMB Budget Formulation Activities
- Agency formulation and review activities
- The role of OMB and the President
- Purpose and contents of OMB Circular No. A-11
- Purposes of budget schedules P and O
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Preparing to Build a Performance Budget
- The relationship between GPRA, the GPRA Modernization Act, and budget formulation
- Using agency policy guidance
- Understanding GPRA and GPRA Modernization Act terms
- Assisting your agency in developing a strategic plan
- Specifying performance in a performance budget
- Writing performance related documents
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Budget Formulation Techniques
- Applying OMB Circular No. A-11 in the budget formulation process
- Developing objects of expense (Object Class) estimates
- Developing estimates for personnel costs and full-time equivalents (FTEs)
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Formulating a Performance Budget
- Case Exercise: Developing a budget for a hypothetical organization
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Formulating a Performance Budget (Continued)
- Case Exercise: Developing a budget for a hypothetical organization
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Documenting, Presenting and Justifying a Performance Budget
- Presenting and defending your budget
- Making adjustments as a result of a “pass-back” to your budget
