Discussion 3 ( FAM)

Read the slides and listen to the audio file (and read the audio file summary that has one update from file)/content/enforced/512569-026953-01-2208-OL1-6380/Week 3 lecture note.docx, which contain key information for this class, including upcoming assignment /content/enforced/512569-026953-01-2208-OL1-6380/Federal Financial Management class 3 ACCT350 rev.pptx ead your agency’s budget submission posted on their website. Post three highlights from their most recent budget.  Start a new thread and include the name of your agency in your posting! 

PLEASE USE THE ATTACHED Resources!!!!

Read the 6 page explanation “The Congressional Budget Process: A Brief Overview”

https://fas.org/sgp/crs/misc/RS20095.pdf

Learn more about financial expectations and reporting; read pages 1 through 16 of the 186 page document OMB Circular No. A-136, Financial Reporting Requirements (updated) presented by The Office of Management and Budget (OMB), with the Chief Financial Officers Council (CFOC), updating existing OMB guidance for agency and government-wide financial reporting.

https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/circulars/A136/a136_revised_2017.pdf

Review the brief web page presentation and click on links about the Federal Budget Process https://budget.house.gov/

Briefly review the GAO web site “Principles of Federal Appropriations Law”, also known as the Red Book at

http://www.gao.gov/legal/red-book/overview

66 page document irrelevanthttps://www.gpo.gov/fdsys/pkg/BILLS-107hr3763enr/pdf/BILLS-107hr3763enr.pdf

Learn more about the federal budget process at https://www.usa.gov/budget