Budget Formulation for Federal Government

Course ID: 226                         Course Length: 2 day(s)

Overview:

Every governing organization and operating program must have a budget or a financial plan for the utilization of resources in accomplishing program objectives. This seminar offers basic how-to instruction in order to develop a budget for a typical authoritative organization. Emphasis is on administrative requirements for budget formulation, basic elements in preparing budget estimates, and basic steps required to assemble a budget. Exercises are used extensively throughout the workshop to illustrate concepts of data collection, estimating techniques, and calculations required in the compilation of an operating budget. The content is designed for anyone responsible for preparing operating budgets and financial plans.

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

• Prepare a budget/financial plan for an organization
• Apply budget estimating techniques to a real case situation
• Interpret budget/financial planning guidance received
• Prepare a plan within Program Guidance parameters

Topics:

• Evolution of the budget and the budget cycle
• Budget concepts and terminology
• Source of budget data and estimating techniques
• Object class or categorization of data
• Personnel compensation and benefits
• FTE allowances
• Program Guidance
• Funding authority
• Multiple-year and no-year funding authority
• Organizational financial planning

Click here to view more courses in this category.