Course Description
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CreditsCPE Credits: 12 Course AvailabilityClick on Course Offerings to Learn More |
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