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4
Agenda• Federal Budget Terminology
• Components of the Budget
• Budget Process Overview
• The OMB Role in the Process
• Congressional Role in the Process
• After the Appropriation is Enacted
Understanding the Government’s Budget Lingo
Federal Term Commercial Sector Equivalent
Appropriation Company Budget Approval
Budget Authority Budget
Obligation Booking/Sales Order or Commitment
Outlay Cash Payment
May 22, 2012 ©2011 Deltek, Inc. All Rights Reserved5
• Appropriation – provides agency or program with a specified amount of budget authority.
• Conducted annually for the coming fiscal year• Funds must be obligated during the fiscal year
• Budget Authority -- legal authority to incur financial obligations that will result in immediate or future outlays
• Obligations -- commitments to make payments, immediately or in the future.
• Represents the best indicator of actual spending.
• Outlays – payments, typically by a Treasury check
Major Components of the Federal Budget
5/22/2012 CONFIDENTIAL ©2011 Deltek, Inc. All Rights Reserved6
Source: President’s Budget FY 2012
• OMB dictates format/expectations
• Agencies produce internal budgets
• Submission by the President to Congress
Formulation
• Appropriations committee begins work
• Congress conducts hearings
• Congress passes legislation to appropriate
Appropriation• OMB/Agencies reconcile
to request levels
• Agencies execute at appropriated level
Execution
7
Budget Process
A Case Study in FY 2011
4/27/20118 © Deltek. All rights reserved.
Source: FedSources analysis of
GFY2011 President’s Budget,
Congressional budget resolutions,
appropriation legislation, and
federal spending
10
OMB and Budgetary Authority
• Guides/assists in President’s budget preparation
• Supervises federal budget administration in Executive Branch
• Assesses and sets priority for competing funding demands
among agencies
• Evaluates the effectiveness of agency programs, policies, and
procedures, including Recovery Act spending
• Enforces rules & regulations and sets policy consistent with
• Legislation
• Regulations
• Administrative Agenda
11
Congressional Role - Budget and Appropriations Committees
Appropriations Bills Conference reports• Adopt conference reports and send to President for signature
The White House• President’s Budget
House & Senate Appropriations CommitteesViews & Estimates
• Full Committees make 302(b) sub allocations to their respective subcommittees
Separate House & Senate Appropriations Bills & SubcommitteesAgriculture & Rural Development District of Columbia
Commerce, Justice & Science Energy and Water
Military Construction & Vet Affairs Homeland Security
State & Foreign Operations Interior and Environment
Transportation and HUD Labor, HHS, Education
Legislative branch Financial Services & General Govt
Defense
House & Senate Appropriations Subcommittees• Hold Hearings
• OMB Circular A-11
• President’s Budget
• IT Budget - Exhibit 53 & Exh 300s
• Agency Budget documents & summaries
Formulation
• Committee hearings
• Committee bill summaries & conference reports
Appropriation• Federal Procurement
Data System
• usaspending.gov
• GAO reports
Execution
13
Helpful Documents to Deciphering the Budget
Don’t Forget!
Exclusive Events at Insightfor Business Development Attendees:
Tuesday, May 17, 2011
14
•Federal Teaming Expo from 6:00pm to 7:30pm in the Expo Hall
All teaming expo attendees will be entered in a drawing to win an iPad. Winners will be
announced at the BD reception (must be present to win).
•Business Development Reception from 7:30pm to 9:30pm in the Magnolia
BallroomWinners of iPad drawing will be
announced at 8:00 pm and 8:30 pm at
the BD Reception (must be present to
win).
Q & A
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