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Wednesday, May 22, 2013
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
Time frame of Investment
2008 - 2016
No change in status
Allison M. Macfarlane
Nuclear Regulatory Commission
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..
Number of Projects
|Project Name||Project Life Cycle Costs||Cost Variance||Schedule Variance|
|BFS - FY12 O&M||$577 K|
|BFS - Funds Utilization Application||$302.25 K|
|Salary Forecast Application Roll-Out||$175 K|
|Budget App Job Code Enhancement||$125 K|
|BFS - FY13 O&M||$113 K|
|Metric Description||Frequency||Unit of Measure||FY2013 Target||Most Recent Actual||Met/Not Met||Updated Date of Most Recent Actual|
|Availability of system during normal and off-peak Availability of system during normal and off-peak hours More..||Monthly||PercentPercent||95||99||Met||2013-03-29|
|Number of supplemental subsystems maintained to coNumber of supplemental subsystems maintained to compensate for lack of BFS capabilities. More..||Semi-Annual||UnitsUnits||10||7||Met||2013-03-29|
|Overtime hours required to complete budget formulaOvertime hours required to complete budget formulation process More..||Semi-Annual||HoursHours||1,249||121||Not Met||2013-03-29|
|User acceptance and satisfaction with system as meUser acceptance and satisfaction with system as measured by surveys More..||Annual||PercentPercent||75||80||Met||--|
|BFS Related User Issues are resolved in a timely mBFS Related User Issues are resolved in a timely manner by Financial Systems Branch More..||Monthly||DaysDays||3||5||Met||2013-03-29|
|Does the investment have any activities with a planned duration greater than a year?:||No|
|Planned duration of the longest activity (days):||365|
|Average planned duration of in-progress and future activities (days):||145|
|Planned cost of one activity is greater than 25% of total planned cost of all activities?:||No|
|Number of contracts applying modular development principles:||2|
All activity calculations assess only activities with no related child activities.
Note: All descriptions, dates, and costs are as reported by agencies.
This section includes details about the organizations and leadership responsible for the performance of this investment. Many of the details included in the IT Dashboard are based on the agency’s Exhibit 300 (also known as a Business Case), submitted to the Office of Management and Budget. Access this document by clicking View Exhibit 300. Performance Metrics established by the agency can also be viewed here.
The agency CIO evaluates every investment and assigns a score from 1-5. Visit the FAQs for details on the factors CIOs use to rate an investment.
Cost variance is calculated as the variance between the actual costs of an investment’s activities and their planned costs to date in dollars as a percentage of the activities’ total costs. Visit the FAQs for details on how the IT Dashboard calculates Cost variance.
Schedule variance is calculated as the variance between the investment’s planned and actual progress so far, in days as a percentage of the scheduled work so far. Visit the FAQs for details on how the IT Dashboard calculates Schedule variance.
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