Financial Management

Budget Formulation and Performance Management(BFEM)

Getting Stronger Budget Formulation and Performance Management Services

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At the core of our budget formulation, performance management, and strategic planning services is the Budget Formulation and Execution Manager (BFEM). Federal departments and agencies use the BFEM application to formulate their budgets, from the initial request of agency components in the internal budget process, through the submission of the Congressional Budget Justification.

ARC BFEM Services

Budget Formulation

• Collect and aggregate financial and human resource allocations/requests and justifications to support formulating an agency's budget
• Create budget sets that maintain distinct phases of the budget process with full audit trails and track changes in the budget
• Generate analytical reports and budget documents such as the OMB Submission, Congressional Justifications, Budget Summary, and MAX A-11

Performance Management

• Define measures, goals, and milestones and support distributed data calls for collection of all defined measures
• Control reporting periods, provide exception reporting, and compare metrics to forecasts and actual performance
• Support inclusion of measures into budget formulation documents
• Generate the Annual Performance Plan and Report (APP&R) or the performance section of the Performance Assessment Review (PAR)

Strategic Planning

• Create a baseline budget by applying inflation factors at any level and analyzing and adjusting the baseline
• Develop and perform analyses of strategic initiatives or options, capturing the narrative description, cost analysis, and performance analysis of an option in a single system
• Build scenarios by approving or disapproving specific options to see the impact of decisions on the budget
• Produce strategic planning documents with dynamic tables linked to performance and budget data