
Demystifying the Annual Budget Process
President's Budget, Strategy & Transformation, ManagementThe president recently submitted his fiscal year 2024 budget to Congress, officially beginning the annual budget process. Though seemingly daunting, this process is straightforward, with four major steps.
Step 1: President’s Budget Submission
By law, the president must submit the next fiscal year’s budget request to Congress by the first Monday of February. Although this step officially starts the process, the submission is the culmination of yearlong efforts throughout the government. Federal agencies and oversight groups compile requirements supporting the administration’s priorities, before rolling them into the President’s Budget.
Step 2: Budget Resolution
Budget committees from both the House and the Senate review the budget submission and set their own resolutions. These resolutions estimate tax revenues and set the year’s spending limits for the federal government. If needed, agency officials testify before the committees to justify their budget requests. This step ends when Congress adopts a concurrent budget resolution, which sets overall revenue and spending targets and starts the congressional appropriation process.
Step 3: Appropriation Bills
Congress typically passes appropriations bills to fund the federal government. These bills move through various subcommittees and then to an appropriation committee on both sides of Congress. Once passed by the House and Senate, a congressional reconciliation process negotiates the separate versions of the appropriation bills into the final bills for presidential signature.
Step 4: Becoming Law
Congress sends the bills to the president, who either approves and signs them into law or vetoes and sends them back for adjustments.
Completing the process by the end of the fiscal year, September 30, enables agencies to continue operations into the new fiscal year. If a budget isn’t passed, a continuing resolution keeps operations running at the prior year’s funding levels. However, if Congress can’t agree on a continuing resolution, the government shuts down or limits operations.
While a well-justified and presented budget submission doesn’t guarantee passage on time, it increases the odds of receiving adequate funding for the new fiscal year. LMI’s experienced resource management practitioners have a deep understanding of the federal budget process and a suite of innovative budget tools. We assist our federal customers in drafting compelling budget justification material for the President’s Budget and thorough responses to congressional inquiries. For more information on how LMI assists with budget formulation, contact Charles Casserly, resource management practice area lead.
We assist our federal customers in drafting compelling budget justification material for the President’s Budget and thorough responses to congressional inquiries.
Related Content
-
Our Team
Stephanie Frilling
Stephanie brings over 20 years of experience in public health, care delivery, private insurance, and quality improvement methods to LMI’s federal healthcare customers. She has extensive regulatory and policy understanding of alternative payment models and payment incentives that drive quality and improve patient outcomes.
-
Blog
Tips for Successful IT Adoption Management
When it comes to transformation projects, the risk of failure falls between 70 to 95 percent. While the reasons for failure vary, the overarching challenge is related to people— and most IT deployments do not result in cost savings or improvements to the mission.
-
Innovation at the Pace of Need™
Three Considerations for VA and DHA Digital Transformation
The transformation will improve organizations and patient outcomes. LMI experts have been strategic partners throughout other large-scale digital transformations and offer insights to help these projects succeed.
-
Press Release
LMI Selected as 2020 U.S. Postal Service Supplier Performance Award Winner
U.S. Postal Service selects LMI as a Service Supplier Performance Award recipient for their work in, project, program and portfolio management. LMI has supported the U.S. Postal Service for over 20 years to foster innovation to improve process and program performance.
-
Press Release
LMI Selected to Support HHS ASPR’s Countermeasures Acceleration Group
LMI has been awarded a two-year, $24 million contract to provide support to the U.S. Department of Health and Human Services (HHS) Assistant Secretary for Preparedness and Response’s (ASPR) Countermeasures Acceleration Group (CAG).
-
Insights
GAO High-Risk Series: Supply Chain Management
The Government Accountability Office (GAO) released a report highlighting the successful efforts of federal government agencies to address high-risk areas and improve programs.
-
Blog
Five Practices for Building Resilience — For You And Your Team
In the article “What Resilience Means, and Why It Matters,” Andrea Ovans describes resiliency as “the ability to recover from setbacks, adapt well to change, and keep going in the face of adversity.” Resiliency is an essential component of dynamic leadership and critical for promoting a team’s well-being and performance and preventing burnout. The more challenging the environment, the more crucial it is — and our current work/life environment is more challenging than ever before.
-
Our Team
Mel Kepler
Mel leads the talent development and engagement practice, helping LMI clients and internal teams with a wide range of workforce initiatives. Her specialties include leadership development, employee engagement, training development and execution, cultural assessment and strategy, and diversity, equity, inclusion, and accessibility principles.
-
Our Team
Kathleen McLernon
Kathleen McLernon, a certified Project Management Professional (PMP) and Lean Six Sigma black belt and instructor, provides expertise and support to LMI’s National Security Programs (NSP). She works closely with LMI’s Program Management Center of Excellence and NSP project leaders to ensure quality performance and win new business.
-
What We Do
Change Management
For federal agencies to become more agile and responsive to mission needs, enterprise-wide change is often required. To support this transformation, LMI built an organizational change management (OCM) model to assess an agency’s operating environment, identify priorities, and furnish strategies that facilitate effective adoption.
-
What We Do
National Security, Science & Technology
LMI deploys experts in chemical, biological, radiological, and nuclear (CBRN) defense and preparedness; life sciences and biosecurity; and program management to enhance mission effectiveness of clients conducting weapons of mass destruction (WMD) mitigation, global threat reduction, and non- and counter-proliferation activities.
-
Insights
‘Tis the Season of Lame Duck Appropriations
It’s no surprise the federal government is operating under a continuing resolution (CR)—timely passage of appropriation bills has been a rarity for decades. The burning question is, what will happen when the current CR ends during this lame-duck congressional session?
-
Our Team
Chris Badorrek
Chris has deep expertise in the areas of process development and current goods manufacturing for vaccines and therapeutics; DNA, RNA, and protein chemistry and modeling; bacteriology; retrovirology; chemical, biological, radiological, nuclear, and explosive sensor and device development; and novel materials for detection of chemical analytes at trace (parts per billion and trillion) levels.
-
Press Release
Jonathan Baba Joins LMI Leadership Team as Senior Vice President, Defense Market
Tysons, Va.— LMI is pleased to announce that Jonathan (Jon) Baba has joined LMI as senior vice president, defense market. He brings over 20 years of public-sector experience supporting the Department of Defense (DoD) and defense industry.
-
Blog
Call on Your Coach to Help You And Your Team Navigate These Challenging Times
Emotions are contagious and a leader’s emotions can affect their team. As difficult as the last few year’s upheaval in work and home life have been, being a positive leader will help others catch your attitude and follow your lead. For help bolstering your positive leadership presence and resilience, call on a coach for support.
-
Blog
How Guided Conversations Can Help Leaders with Challenging Topics and Result in Positive Actions
During difficult times, leaders must be front and center and address issues head-on to build organizational resilience. Staff members look to their leaders to show them how to navigate times of uncertainty and change. Being there for your staff members in challenging times is one of the most important things you can do to build team resilience and cohesiveness.
-
Blog
To Improve FEVS Scores, Take a Deeper Dive into the “eh”
Whether you’re managing a small office or an entire organization, look for ways to improve your Federal Employee Viewpoint Survey (FEVS) scores across the board — not just in the negative areas. Making incremental changes that are meaningful and measurable in all areas can help improve employee engagement and morale. However, to do so, you first have to uncover the underlying reasons for the scores.
-
Blog
Managing the Return to Onsite Work: There’s No One-Size-Fits-All Solution
Managing the Return to Onsite Work: There’s No One-Size-Fits-All Solution
To successfully return from remote to onsite work, managers will need to draw on all their leadership skills, including empathy, flexibility, and agility.
-
Blog
Managing up to Achieve Success for You, Your Supervisor, and Your Organization
No matter your level, managing up is a soft skill that’s essential for getting things done, succeeding at your job, or getting promoted. Thousands of books have been written on this topic because our individual success not only depends on how well we do our jobs, or how we collaborate with our colleagues, or even how good we are at managing people under our own supervision, but also on how well we manage our relationships with the people above us. Easier said than done, right? That may be true, but there are several things you can do to help.
-
Press Release
LMI Migrating the Maintenance and Availability Data Warehouse to Advana
LMI has been awarded a 1-year, $1.5 million contract for a one-time data migration from the LMI-created Maintenance and Availability Data Warehouse (MADW) to the Advana Data Warehouse for the Joint Artificial Intelligence Center.
-
Blog
The Top 3 Strategies Every Leader Needs for a Successful Digital Transformation
Successful organizational change depends on leaders who can inspire innovation, create digital strategies, understand and lead an agile team, and leverage the power of standing-up new technology solutions while managing risks.
-
Culture News
Employee Spotlight: Meet Ray Compton
Ray Compton, a retired U.S. Army colonel, joined LMI in 2019 and serves as a principal for National Security Science & Technology, supporting internal and external LMI stakeholders in the strategic development of integrated solutions for capability gaps in national defense.
-
Culture News
Employee Spotlight: John Bogdan, Principal, Biology
John Bogdan, LMI biology principal, is a widely recognized leader and subject matter expert in vaccines and therapeutics for infectious disease. Discover how his love of science links his professional career of solving complex problems to his personal life and even as he mentors aspiring science students.