U'S' Department of the Treasury Budget Process

1
U.S. Department of the TreasuryBudget Process
Chantale Y.M. Wong Deputy Budget Director
2
Mission and Goals

• The Department of the Treasurys mission is to
  promote the conditions for prosperity and
  stability in the United States and encourage
  prosperity and stability in the rest of the
  world.
• 5 Strategic Goals in 3 Focus Areas
• Economic
• Promote Prosperous US and World Economies
• Promote Stable US and World Economies
• Financial
• Preserve the Integrity of Financial Systems
• Manage the US Govt. Finances Effectively
• Management
• Ensure Professionalism, Excellence, Integrity,
  and Accountability in Management and Conduct of
  the Department of Treasury

3
Department of the Treasury
4
Assistant Secretary for Management

• DASMB is responsible for strategic planning,
  performance management, budget formulation,
  budget execution, competitive sourcing.
• DASMB staff 20 FTEs
• Budget Examiners are assigned to specific bureaus
  and is responsible for formulation, execution,
  and performance

5
FY 2009 President Budget
6
Treasury Bureaus

• 6 Appropriated Bureaus
• Departmental Offices
• IRS
• FMS
• BPD
• FINCEN
• 4 Non-Appropriated Bureaus
• Mint
• BEP
• OCC
• OTS
• Other Reporting Entities ATSB, FFB, Treasury
  Franchise Fund, Treasury Forfeiture Fund, CDFI,
  OIG, TIGTA

7
Budget Formulation Departmental Submission
8
Budget Formulation OMB Submission
9
Budget FormulationCongressional Justification
10
Budget Execution

• Department (OPB) works with Bureaus and OMB to
  obtain apportionments
• Bureaus provide OPB with operating plans for the
  CY
• Monthly budget execution reports (SF 133) are
  developed from standard general ledger accounting
  (USSGLs) trial balance information provided to
  the Departments data-warehouse (TIER)
• OPB uploads the quarterly TIER data into FACTS II
• OPB works with the Bureaus on periodic budget
  execution reviews
• OPB provides the bureaus and Departmental
  officials with advice and assistance on budget
  execution matters
• OPB coordinates re-programmings with the bureaus,
  Departmental officials, OMB, and Appropriation
  Committee staffers
• OPB serves as a focal point for providing the
  bureaus with budget information for their
  planning purposes
• OPB monitors Congressional and OMB directives
  that result from the appropriation/budget process
• OPB coordinates reporting on many OMB and other
  reports and/or data requests

11
Automated Systems

• Formulation
• BFEM - Used to track numbers through each
  decision point. Data is broken down by base,
  initiatives, inflationary increases, non-recurs,
  annualizations.
• Execution
• TIER Treasury Information Executive Repository.
  Web-enabled application and database (Oracle).
  USSGL compliant data is uploaded to TIER from
  bureaus/organizations by Treasury Appropriation
  Fund Symbol (TAFS).
• CFO Vision SAS reporting tool for budget
  execution reports using TIER data.
• Performance
• PMM Performance Measurement Manager.
  Web-enabled application and database (Oracle)
  used by bureaus to enter and update performance
  information