Fundamentals of Budget Formulation and Execution

This four-day, elective course helps financial managers and budget analysts understand the importance of accurate budget formulation and a solid execution strategy. This course walks through the relevant legislation and financial principles associated with proper budget formulation. Using best practices and collaborative tools, a good budget formulation lays the foundation for excellent execution strategies. The execution phase of budgeting covers distribution of funds, accounting, accountability and red flags. Participants learn the skills necessary to ensure agency compliance with legislation and agency policies on budget formulation and execution.