Saving Money

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  • Topic: United States Department of Defense, United States Secretary of Defense, Joint Chiefs of Staff
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Principles of Department of the Navy Budgeting
Unit 1

Basics of DON Budgeting

Principles of DON Budgeting UNIT 1: Basics of Department of the Navy Budgeting

TABLE OF CONTENTS
OBJECTIVES INTRODUCTION BUDGETING DEFINED APPROVAL AND AUTHORIZATIONS REQUIREMENTS PROCESS TIMELINES DEFINED FISCAL YEAR (FY) BUDGET YEAR (BY), CURRENT YEAR (CY) AND PRIOR YEAR (PY) DEPARTMENT OF DEFENSE SECRETARY OF DEFENSE UNDER SECRETARY OF DEFENSE (COMPTROLLER) JOINT CHIEFS OF STAFF MILITARY DEPARTMENTS DEPARTMENT OF THE NAVY SECRETARY OF THE NAVY COMMANDANT OF THE MARINE CORPS CHIEF OF NAVAL OPERATIONS OFFICE OF THE CHIEF OF NAVAL OPERATIONS FUNCTIONS WITHIN OPNAV PROGRAMMING DIVISION (N80) ASSESSMENTS DIVISION (N81) FISCAL MANAGEMENT DIVISION (N82) OFFICE OF THE SECRETARY OF THE NAVY ASSISTANT SECRETARY OF THE NAVY (FINANCIAL MANAGEMENT AND COMPTROLLER) OFFICE OF THE ASSISTANT SECRETARY OF THE NAVY (FINANCIAL MANAGEMENT & COMPTROLLER) – OASN (FM&C) OASN (FM&C) AUTHORITY OFFICE OF BUDGET

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Principles of DON Budgeting UNIT 1: Basics of Department of the Navy Budgeting

COMPTROLLERS ROLE OF THE COMPTROLLER COMPTROLLER'S RELATIONSHIP TO THE ACTIVITY HEAD COMPTROLLER'S RELATIONSHIP WITH OTHER DEPARTMENT HEADS DEPARTMENT RESPONSIBILITIES TO COMPTROLLERS COMPTROLLER'S RELATIONSHIP WITH OTHER COMMANDS FINANCIAL MANAGEMENT PERSONNEL SUMMARY

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Principles of DON Budgeting UNIT 1: Basics of Department of the Navy Budgeting

Objectives
Welcome to Unit 1 of Principles of Department of the Navy Budgeting. Unit 1 will introduce you to several basics of the Department of the Navy (DON) budgeting process as well as the structure and responsibilities of some of the organizations involved in that process. It will help you build the foundation for the subsequent units of instruction. After completing this unit you will: 1. Describe how the budget contributes to the accomplishment of the DON mission. 2. Establish when a budget is legally binding for all Federal agencies for a given fiscal year. 3. Differentiate between fiscal year, budget year, current year and prior year. 4. Identify key organizations and individuals within the Department of Defense (DoD) and the DON and their responsibilities throughout the budgeting process.

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Principles of DON Budgeting UNIT 1: Basics of Department of the Navy Budgeting

Introduction
Financial management personnel can have a significant impact on the budgets with which they work. An understanding of the rules and regulations governing their financial management duties, as well as an understanding of the requirements and the sequence of events during the program/budget cycle, is critical to their ability to produce required budget documentation and respond to questions and/or requests for information they receive throughout the cycle. Having an overall perspective of budgeting will enable you to contribute more effectively in your current job. It will also help you to understand the genesis of some of the pressures, deadlines and decisions faced by financial management personnel at all echelons. It is essential that you know, understand, and are able to articulate what changes to programs have taken place from one budget submission to another and the underlying reasons for those changes. An understanding of the budget formulation and review process will enable you to see just how critical it is to adequately defend programs, and to properly execute approved funding for those programs. Knowing when to act and what to do are key elements of your job. We will begin Unit 1 with a review of the definition of budgeting.

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Principles of DON Budgeting UNIT 1: Basics of Department of the Navy Budgeting

Budgeting Defined
Budget: A document that expresses, in financial terms, the plan for accomplishing an organization's objectives for a specified period of time. It is an instrument of planning, performance measurement, decision-making, and management control, as well as a statement of...
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