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Webinar Recording: UMT Federal Series Part 3: Annual Planning and Budget Formulation

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The budget formulation and execution process is certainly multi-faceted, but the planning stage is the foundation of its development. Determining the requirements for the budget includes identifying …

The budget formulation and execution process is certainly multi-faceted, but the planning stage is the foundation of its development. Determining the requirements for the budget includes identifying goals, objectives, and association tasks; then procurement requirements; and finally the type of funding necessary. Once these decisions are made, the final program can be established. Take a look at best practice budgeting tools that also comply with Federal regulations and ultimately the GPRA, leading to obligated, controlled, managed, monitored, and reported spending.

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