Generic Annual Budget Time Frame - Office of Budget
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Office of Budget

 

Generic Annual Budget Time Frame

Budget Formulation
CycleMonthDescription
Internal Budget Review May The Department issues internal guidance
June Offices submit preliminary budget requests and legislative proposals
July Internal budget discussions and final agency decisions by Secretary
August Prepare the budget submission to OMB
OMB and President’s Budget Review September Budget request submitted for OMB
October OMB conducts hearings and reviews the budget request
November—December OMB Passback and final decisions on appeals
December/January Preparation of the President’s budget and Congressional Justifications
Congressional Budget Review 1st Monday in February Submission of budget to Congress
February/March Congressional hearings on VA’s budget request
April & Beyond Congress completes action on the budget resolution and enacts
  • The appropriation bills that will be signed by the President
Budget Execution
FY QuarterMonthDescription
First Quarter October Fiscal Year Begins; prepare apportionments; issue funding allocations
Submit budget and performance operating plans within 30 days after enactment
November Submit Performance and Accountability Report of previous fiscal year
January Submit quarterly budget status report to Congress
Second Quarter April Submit quarterly budget status report to Congress
Third Quarter July Submit quarterly budget status report to Congress
Fourth Quarter October/November Issue instructions for preparation of annual budget and performance operating plans for next fiscal year
Close out Fiscal Year
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