Course Length: 1 day                  Prerequisite: None
 
Course Description:
 
This course will cover the key areas of developing a budget and
evaluating variances. Participants will learn to fulfill the key
budget management and administrative tasks necessary for an effective
budget process. Topics include understanding the purpose and value of
establishing budgets; types of budgeting; roles and responsibilities
in the budget process; budget planning and development; importance
of evaluating budgets; understanding variances, completing a variance
analysis; and developing a zero-based budget. Participants will have
an opportunity to apply learning.
 
Objectives:
 
As a result of attending this course, participants will:
     * Gain skills to develop and evaluate budgets;
     * Be able to define tasks required to monitor and administer
       budgets
     * Ensure that staff can provide accurate and complete
       information
     * Improve the way budgets are developed and managed
 
Agenda:
 
Module I    The Purpose and Value of Budgeting
            * Best Practices
            * Value to Organizations
Module II   Types of Budgeting
            * Top Down
            * Bottom-up
            * Incremental
            * Zero-Base Budget
Module III  The Roles and Responsibilities for the Budget Process
Module IV   Developing the Budget
            * Using Historical Data to Estimate Future needs
            * Determining Ongoing Needs
Module V    Understanding How to Use Charts of Accounts
Module VI   Understanding the Budget Cycle and Milestones
            * Steps in Process
            * Documents to Submit
            * Fiscal Period
            * Planning Cycle
            * Budget Develpment
            * Schedule
Module VII  Developing the list of Resources
            * People
            * Materials
            * Overhead / Indirect
Module VIII Establishing the FullTime Equivalent Analysis
Module IX   Costing Out Other Than Personnel Services (OTPS)
Module X    Budget Administration: Understanding Variances and
            Completing A Variance Analysis