Investment Dashboard

Budget Formulation System (BFS)

• Investment Description

  The Budget Formulation System (BFS) investment provides for the collection of budget formulation resources, agency salary and benefits allocation, OMB Homeland Security, and Exhibit 53 reporting requirements. BFS is the main utility for:1. CreatThe Budget Formulation System (BFS) investment provides for the collection of budget formulation resources, agency salary and benefits allocation, OMB Homeland Security, and Exhibit 53 reporting requirements. BFS is the main utility for:1. Creating, approving, and submitting of the agency's annual fiscal year budget. 2. Collecting and submitting of agency's annual fiscal year IT resources (both budget and obligation) to the Office of Management and Budget (OMB) eCPIC Exhibit 53/300 tool.3. Analyzing and forecasting of the agency's government Full-Time Equivalent (FTE) allocation.The primary beneficiaries of this investment are agency and office level budget directors who are able to run projection and/or 'what-if' analysis on their respective business line, office and/or division against budget resource data. The agency as a whole benefits from a centralized information source thus eliminating the risk of error during budget data inquiries from Congress, OMB, and other external entities.BFS interfaces with the agency's Core Financial System (CFS) and the Agency's Human Resource Management System (HRMS). Budget, expenditure, and salary data is transferred to and from these systems for the purpose of budget and salary forecasting and planning review. In FY13, BFS will implement a funds utilization program to forecast and analyze current and future procurement spending. More..

• FY2013 (CY) Spending

  $565.25 K

  Time frame of Investment

  2008 - 2016

• Status

  No change in status

CIO Information

Darren B. Ash

Agency Head

Allison M. Macfarlane

Agency

NRC

Bureau

Nuclear Regulatory Commission

Evaluation by Agency CIO

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1 year 2 Year All Time

Current Evaluation

4

Evaluation Explanation

BFS continues to enhance Agency budget, planning, and forecasting processes, greatly increasing the efficiency of the Agency s mission. Recently, BFSBFS continues to enhance Agency budget, planning, and forecasting processes, greatly increasing the efficiency of the Agency s mission. Recently, BFS increased its capability by incorporating salary and benefits, staffing plan analysis and out-year forecasting. In FY 2013-2014, BFS will be the source tool for the agency s utilization of budgetary funds. More..

Project Summary

• Number of Projects

  5

• Cost Variance

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• Schedule Variance

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