The Budget Cycle - (Rev. 1, 08-30-02)

20 - The Budget Cycle - (Rev. 1, 08-30-02) A1-1201, B1-4201 The following annual budget calendar establishes approximate target dates for each phase of the budget cycle to insure an orderly workflow during the planning, preparation, and review of budgets. This calendar may be supplemented and revised in the annual BPRs letter. • The contractor shall submit workload estimates (if requested) - February/March. • BPRs transmitted to contractor - May/June. (Included in the BPRs is information relative to statement of work, level of effort, program emphases, new program developments and specific recommendations regarding activities of individual contractors.) • Contractor shall submit budget requests (BRs) - June/July. • Negotiations - July through September. Negotiations proceed directly between the contractor and the RO. The RO reaches agreement with the contractor in regard to date, time, and location for negotiations. The contractor shall conduct negotiations by telephone, correspondence, on-site visits or at the RO. • Notice of Budget Approvals (NOBA) sent to contractor - September/October. In the absence of a NOBA, a continuing resolution letter will provide interim funding. • Budget distribution - 30 days after the contractor receives its initial annual NOBA. • Budget distribution approval - 30 days after distribution is received by the RO. To aid the contractor in its preparation and timely submission of required budget preparation reports, see §270 for a checklist of the due dates and material to submit.