Core Courses

• None

Elective Courses

• FFMCP Budgeting Master Track
• FFMCP Financial Management Master Track

Mandatory

Suggested

History of the Federal Budget Process

• The Budget Process Functions
• History of the Federal Budget Process
• Efforts to Reduce the Deficit
• Efforts to Increase Accountability
• Financial Accountability and Accounting
• Recent Developments
• Exercise: What Are the Federal Acts?

Budget of the United States: Facts, Figures, and Trends

• Revenues/Receipts
• Outlays/Expenditures
• Deficits, Surpluses, and Fiscal Sustainability
• Exercise: Facts, Figures, and Trends

Federal Budget Overview

• Budget Concepts and Terms
• How Do Agencies Get Their Funds?
• Budget Authority vs. Outlays
• Key Players in the Federal Budget Process

Budget Formulation Process

• Federal Budget Process
• President's Budget
• Formulation of the President's Budget
• Annual Performance Plan
• Step 1: Budget Policy Development
• Step 2: Preparation and Submission of Agency Budget Estimates
• Step 3: OMB Review and Presidential Decisions
• Exercise: Northern Development Consortium

Congressional Action Process

• Congressional Action on the President's Budget
• Concurrent Budget Resolution
• Authorizing Legislation
• Appropriations
• Authorizations vs. Appropriations
• Lapse in Appropriation
• Exercise: Congressional Action

Budget Execution

• Key Execution Activities
• Appropriation Warrant (FMS Form 6200)
• Appropriation Life Cycle
• Types of Classifications and Appropriations
• Availability of Budgetary Resources
• Apportionment
• Allotment by Agency Headquarters and Suballotment
• Commitments and Obligations
• Developing the Operating Plan
• Monitoring an Operating Plan
• Revising an Operating Plan
• Budget Execution Flexibility
• Impoundment Actions
• Continuing Resolution
• Exercise: Budget Execution

Audits

• Why Audit?
• Preparing for an Audit
• Financial Audits
• Performance Audits
• Attestation Engagements
• After the Audit
• The Audit Finding
• Exercise: Audit Concepts