Navigate the Budget Process | The Performance Institute

Financial Performance Reporting
June 9–10, 2010 | Arlington, VA

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Course Description

Learn how to formulate budgets that involve careful analysis of program activities
Understand how to make budget justifications and how to communicate them to key stakeholders
Develop a deeper understanding of what drives the budget process
Learn how to track, monitor and modify a budget in the execution stage

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Credits

CPE Credits: 12
Delivery Method: Group-live
Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Length: 2 Days
Tuition: $869

Course Availability

Click on Course Offerings to Learn More

P747 February 23–24, 2010 in Arlington, VA
P776 August 9–10, 2010 in Arlington, VA
P791 December 6–7, 2010 in Arlington, VA

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Course Agenda

Module 1

Learn What Budgeting is and Why it is Necessary

Budget Formulation: Forecasting resource requirements
Budget Justification: Budget review and pass back (and appeals); Legislative review and action
Budget Execution: Distribution of funds and reconciliation

Module 2

Key Realities and Drivers of the Budget Process

Evaluate the impact of a tight discretionary budget on the fight for resources
Understand and navigate common problems with the current budget process

Module 3

Examine Public Expenditure Management and Budgeting

Review financial management legislation and guidelines for budget formulation
Estimate and forecast costs of program activities
Account for capital assets, employee needs and costs and multi-year obligations

Module 4

Budget Formulation Exercise

Practice formulating a “mock” budget
Balance program priorities against scarce resources

Module 5

Justify Your Budget and Gain Buy-In: Building an Effective Business Case

Design the message of your budget justifi cation and make it effective
Understand what legislatures look for in budget justifications

Module 6

Strategic Communications and Budget Justification

Understand the differing priorities and perspectives of a budget officer and a budget examiner
Learn to anticipate the concerns of your counterparts and adjust ahead of time

Module 7

Budget Execution and Reporting

Review financial management standards governing budget execution
Manage to the legal availability of funds: purpose, timing and amount
Align your processes with fi nancial accounting and reporting schedules

Module 8

Drivers, Trends, Frameworks and Tactics

Devise and stay within a spending plan
Anticipate and respond to the what if scenarios: mid-year reductions, continuing resolutions and/or budget busting
Navigate procedures for reprogramming within an appropriation