Budget Formulation Course

Module 1: Federal Budget Overview

• The changing budget environment
• The size and composition of the federal budget
• The federal budget process and its phases
• Purposes of the federal and organizational budgets
• Understanding key budget terms
• The evolution of laws affecting federal budgeting

Module 2: Overview of Agency and OMB Budget Formulation Activities

• Agency budget formulation steps
• The role of OMB and the President in budget formulation
• The purpose of OMB Circular A-11
• Schedule P and O: Overview and role in formulation

Module 3: Preparing to Build a Performance Budget

• Government Performance and Results Act (GPRA) and GPRA Modernization Act overview
• Steps in preparing a performance budget
• Specifying performance: Developing mission, goals, and outcome statements
• Collecting and analyzing data for budget formulation

Module 4: Budget Formulation Techniques

• OMB Circular A-11 in the formulation process
• Applying Object Classes to the budget
• Developing personnel costs and validating full-time equivalents (FTE)

Module 5: Formulating a Performance Budget

• Building a performance budget for a hypothetical organization
• Using object class summary worksheets to accumulate estimates

Module 6: Documenting, Presenting, and Justifying a Performance Budget

• Techniques for presenting and defending a budget
• Understanding the budget “pass-back” and “mark-up” process

Module 7: Summary and Recap

• Review of key concepts and techniques
• Final discussion and Q&A session