OMB, CFO Council take on finance system jobs

Two federal financial system tasks for which Joint Financial Management Improvement Program officials were responsible are being transferred to the Office of Management and Budget and the Chief Financial Officers Council.

OMB officials released a Dec. 1 memo advising agencies of the changes, which are a revision to OMB Circular A-127. That document governs implementation of the CFO Act of 1990, which covers 26 major federal agencies.

The Office of Federal Financial Management (OFFM) , now has the task of determining federal financial system requirements. The office is one of four OMB statutory offices managed by agency€s deputy director management, who currently is Clay Johnson.

Meanwhile, the CFO Council takes over testing and certification of commercial off-the shelf financial management software for agency use. OFFM officials will write the core financial system requirement document.

All software previously certified by program officials will be grandfathered in under the new regulatory regime.

About the Author

David Perera is a special contributor to Defense Systems.

Featured

  • People
    Federal CIO Suzette Kent

    Federal CIO Kent to exit in July

    During her tenure, Suzette Kent pushed on policies including Trusted Internet Connection, identity management and the creation of the Chief Data Officers Council

  • Defense
    Essye Miller, Director at Defense Information Management, speaks during the Breaking the Gender Barrier panel at the Air Space, Cyber Conference in National Harbor, Md., Sept. 19, 2017. (U.S. Air Force photo/Staff Sgt. Chad Trujillo)

    Essye Miller: The exit interview

    Essye Miller, DOD's outgoing principal deputy CIO, talks about COVID, the state of the tech workforce and the hard conversations DOD has to have to prepare personnel for the future.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.