Which circular covers Preparation & Submission of Budget Estimates?

Study for the Certified Defense Financial Manager (CDFM) Exam 1. Engage with flashcards and multiple choice questions, with hints and explanations for each query. Prepare confidently for your exam!

Multiple Choice

Which circular covers Preparation & Submission of Budget Estimates?

Explanation:
Budget preparation and submission is governed by OMB Circular A-11. This circular provides the instructions agencies follow to prepare, justify, and submit their budget estimates as part of the President’s Budget process. It outlines the planning, formulation, and presentation steps, along with the required formats, timelines, and linkage to program objectives. The other circulars address different topics—one deals with outsourcing government work to the private sector, another with internal controls and management accountability, and another covers related budget presentation guidance—so they do not specifically cover the preparation and submission of budget estimates.

Budget preparation and submission is governed by OMB Circular A-11. This circular provides the instructions agencies follow to prepare, justify, and submit their budget estimates as part of the President’s Budget process. It outlines the planning, formulation, and presentation steps, along with the required formats, timelines, and linkage to program objectives. The other circulars address different topics—one deals with outsourcing government work to the private sector, another with internal controls and management accountability, and another covers related budget presentation guidance—so they do not specifically cover the preparation and submission of budget estimates.

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