The Budget Formulation and Execution Line of Business and

The MAX Federal Community

www.max.omb.gov

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Budget Formulation & Execution LoB Capabilities as Common Solutions Agency Budgeting Tools Budget Execution & FM Integration

• Tools to facilitate apportionment, allotment, and sub-allotment decision making • “Touch-Points” and “Tie-Points” with financial management, apportionment, Treasury FMS • Data exchange requirements with core financial management systems

Analytical Tools Budget Performance Integration Collaboration Data Collection & Tracking Document Production Knowledge Management Human Capital (the Federal Budgeting Profession) Program Management (Coordination, Standards, Architecture)

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Budget Formulation, Execution, and Financial Management - A Complete Cycle

Policy Making: Resource Allocation Budget Budget Formulation Execution

Policy Making Policy Making

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Post-decisional Post-decisional

Financial Management Post-decisional: Accounting, Control, Reporting 3

Budget Formulation, Execution, and Financial Management Components Policy Making



Decisional _________________________________________________________________________________________________________________________________________ Budget Formulation Budget Execution

– Agency Budget Requests – Apportionments* – President’s Budget Request – Allotments, Suballot., & Allowances* – Legislative Action – Commitments*; Obligations* (Appropriations) – Reprogramming* – Funds Control*

----------------------------------------------------------------------------------------------------------------------------------- Post-decisional

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After-action ----------------------------------------------------------------------------------------------------------------------------------- Financial Management

– Accounting* – Payments – Asset and Liability Mgmt – Funds Control* – Collections & Receivables – Reporting – Cost Accounting Performance Measurement * Key BFELoB and FMLoB

touch points

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Budget Execution, & Integration with Financial Management

• Budget Execution Workgroup - undertaking a broad scope of activity:  Documenting budget execution processes and information flows between agencies & their components, OMB, and Treasury FMS.

 Identifying key intersections (t

ouch-points

) between budgeting & financial mgmt, and

Tie-points

between budget & financial reports.

 Identifying best practices, and defining tools that facilitate Budget Execution decision-making (e.g. apportionments, allotments).  Improving agency/OMB apportionment data flows, outlay & receipt reporting, best practices for FTE reporting and projection systems.

 Compiling information for understanding the USSGL, SF 133 and A-11 P&F and standards for intra-governmental processes.

 Defining data & data exchange standards to be incorporated in FSIO core Financial Management systems requirements.

• Partnership: Agencies, Treasury FMS, OMB BRD & OFFM, GSA-FSIO.

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Budget Execution Process Charts

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Budget Execution Process Charts

• Execute Apportionment and Distribute Funds • Execute Continuing Resolution • Execute Recissions, Cancellations and Deferrals • Manage Baseline for Reprogramming • Manage Commitments and Obligations • Perform Reprogrammings and Transfers 7

MAX Federal Community

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The Budget Community

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Budget Execution & FM Integration Workgroup Community Page

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