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Federal Budget Process (BUDG7103)

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Federal Budget Process

Description:

The federal budget process is a highly structured system carried out in three distinct phases (Budget Formulation, Congressional Action, and Budget Execution). In this brief but comprehensive course, explore the major phases and timing of the federal budget process; principal participants and their roles; current issues affecting budgetary decisions; and how the budget is reviewed and audited. This course contains practical case exercises that can be completed using Microsoft Excel. If available, please bring a laptop containing Excel software to class with you. If you do not have access to a laptop, or you do not have a basic knowledge of Excel, the exercises can be completed using a hand calculator.

Duration:

2 days

Level:

Foundational

Who Should Attend?

Anyone who needs an overview of the federal budget process.

Credits:

1.2 CEU's, 16 CPE's

Learning Outcomes:

Describe the phases of the federal budget process Describe the roles of the President, Office of Management and Budget, federal agencies, the Congress, the Government Accountability Office (GAO), the Inspector General (IG), the Congressional Budget Office (CBO), and the Treasury Department in the budget process Identify current issues that influence federal budgetary decisions Recognize the impact of the Government Performance and Results Act (GPRA) and the GPRA Modernization Act (GPRAMA) on the budget process

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