Budget Execution for Federal Government

Course ID: 225                         Course Length: 2 day(s)

Overview:

Monitoring/controlling the use of funds and preparing program/financial plans are integral parts of the budget cycle. As the year progresses, these plans may have to be reformulated, based on changing priorities, management decisions, and evaluating one program against another. This seminar addresses administrative requirements for programming and realigning available funds. The complete sequence of events in the budget execution cycle, including appropriations, apportionments, allotments, commitments, obligations, expenditures, and outlays, will be covered. Exercises and case studies will be used extensively to give participants practical experience in the application of concepts. This two-day seminar is important for budget analysts, accountants, auditors, financial analysts, program managers, administrative officers, budget clerks, budget technicians, and others who have fund control responsibilities.

Objectives:
At the end of the workshop participants should be able to:

• Understand the events in the budget execution cycle
• Follow the laws and regulations concerning the
  control of funds
• Adhere to reprogramming controls and responsibilities
• Develop controls for strengthening financial planning
  and effective use of resources

Topics:

• Budget concepts and terminology
• How to identify fund account structure
• Appropriations, apportionments, allotments
• Object classification codes/program category codes
• Financial planning
• Impoundments
• Identifying deficiencies; mid-year reviews
• Continuing resolution; maintenance of financial plans

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