Description:
This one-day seminar is essential for Executives and Resource Managers to intelligently direct the best use of federal money when decisions are the toughest, and funding challenges are the greatest. Federal agencies endure times when funds are scarce, including: at year-end; during continuing resolutions; and, when programs, projects and activities run into technical, management or financial difficulties. How do we predict, prevent, prepare and decide during these tough times? What legal alternatives and actions are available offer the “best” outcomes? This course explores strategic approaches to federal financial management challenges; suggestions to prevent financial crises (including personal liability), and to mitigate impact of financial crises. Strategic alternatives and specific approaches are suggested through the financial cycle to the final disbursement of funds.
Who Should Attend?
Federal executives, decision makers and managers who have direct responsibility and accountability for planning and spending federal funds to meet mission objectives.
Level:
Advanced
Tuition:
2024 classes:
$579
2025 classes:
$579
Credits:
8.0 CPE
Class Type:
This course is currently being offered in the following training modalities:
- Online
- Virtual Instructor-Led - FINC9005A
- Class Length: This class is listed as a 1-day course.
- Virtual Instructor-Led - FINC9005A
- In-Person Classroom
- Strategic Spending Executive Seminar: Intelligent Funds Management in Challenging Times - FINC9005D
- Class Length: This class is listed as a 1-day course.
- For in-person training sessions, participants are required to download the course materials to a personal device (e.g., laptop or tablet) and bring their device to class for use during classroom instruction.
- Strategic Spending Executive Seminar: Intelligent Funds Management in Challenging Times - FINC9005D
- On-site
Learning Outcomes:
- Gain a practical understanding of the legal framework governing federal spending.
- Prepare and execute a plan before, during and after a Continuing Resolution.
- Plan and execute maximum spending alternatives and opportunities with Year-End funds.
- Recognize the limitations and adjustments necessary to priorities and performance objectives.
- Avoid actions for which there are severe penalties and the red flags of possible violations.
Course Outline
Module 1
- Overview of funding challenges during each annual budget cycle.
Module 2
- Responsibilities of executives and resource managers to make smart choices.
Module 3
- Strategies and opportunities to maximize funding priorities under different scenarios.
Module 4
- Staying within the legal limits, recognizing and avoiding possible violations.
Module 5
- Preparing for the next annual budgeting cycle – the political and legislative environment.