Implementation plan details short, medium and long term goals
In the federal government, they wield spreadsheets, strive for ”clean audit opinions”, and are the first line of defense in accounting for the spending of taxpayer dollars. ”They” are the top federal CFOs and financial managers, and yesterday, they met here in Washington to discuss their profession.
President Obama has said publicly that he is a big fan of performance management, and wants to blend its practice into the day-to-day operation of the Federal Government. But what does that mean for feds who are tasked with actually making the wheels of government turn every day? The Association of Government Accountants convened a conference to discuss performance in government.
OMB controller Danny Werfel said the Treasury Department should be finished testing and analyzing systems in the next six months. The CFO Council highlights priorities for 2011, and among them is the further reduction of improper payments. Werfel said agencies will begin using the software tool first utilized by the Recovery Board to identify potential problems.
In a memo to agency financial managers, Danny Werfel set a July 31 deadline for three broad initiatives to reduce spending. Agency CFOs also must rank their employees’ SAVE Award ideas for implementation and begin sharing best practices to root out waste, fraud and abuse.
Congress must standardize the role of the federal chief financial officer and give deputy CFOs more clout to make up for time between political appointments of CFOs. These are two of the recommendations from a…
GSA also renews a contract to improve its human resources shared service provider effort. The Federal Acquisition Institute will hold an industry day in November to discuss two new solicitations.
An exclusive Federal News Radio survey of federal CFOs and deputy CFOs finds 55 percent of the respondents rated spending money more wisely as their top priority. But at the same time, 36 percent rated moving to the Internet Payment Portal or other financial management shared services as their fourth highest priority. CFOs also say they are using data to make better decisions and budget reductions, not sequestration, is their biggest concern.
Denise Wu of Clifton Larson Allen explains how the Chief Financial Officers Council has moved the idea of a Statement of Spending to the front burner. Julian Pecquet of The Hill discusses the bitter partisan battle raging on Capitol Hill over last month’s attack in Benghazi. Sharon Virts-Mozer, president and CEO of FCI Federal, details how some local businesses are thriving despite down economy and impending sequester.
New proposed guidance from the Office of Management and Budget would streamline and consolidate grant regulations for every agency. Comments on the recommendations are due May 2.