Federal Budget Process

Understands and complies with the Federal Budget process, including budget formulation, presentation and execution.

Key Behaviors:

  • Understands the hierarchy of financial authority within the Federal Government
  • Possesses knowledge of current laws, regulations and guidance affecting the Federal budget process
  • Uses written strategic business plans to support financial assumptions
  • Uses forecasting and historical data to prepare detailed financial plans
  • Presents the financial planning/budgeting process and/or financial model to a variety of audiences (i.e. co-workers, new employees, Congress)
  • Possesses knowledge of the Appropriations Process.
  • Possesses knowledge of Federal proprietary/accrual and budgetary accounting.

Developmental opportunities for this competency are available from the NIH Training Center.