APF Budget Process Overview
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The Financial Management Cycle consists of four phases:
The four phases overlap within the current fiscal year (FY); because the process is forward-looking, Managers often work on more than one fiscal year at a time. For instance, in calendar year (CY) 2010 Managers may be planning for FY 2018, programming for FY2012-2017, budgeting for FY2011 and executing FY2010 and FY2011. This Learning Event will focus on the Executing Phase. In order to understand execution, some knowledge of the Budgeting Phase is useful. |