2.D: Financial Management
Partner with agencies to achieve the goals set forth in each year's Federal Financial Management Status Report and Five Year
Plan, emphasizing particularly the priority goals relating to financial systems, audited financial statements and GPRA implementation.
Other Information:
Relationship to Annual Performance Goals: OMB will assist agencies in their efforts to obtain clean audit opinions on their
financial statements (for the 24 agencies subject to the CFOs Act) and on the government-wide financial statement. As part
of the fiscal year 1997 financial statement audits, OMB and the Congress will receive information on the extent to which agency
financial systems comply with the Federal Financial Management Improvement Act of 1996. As part of the overall effort to integrate
agency systems, OMB will work with the agencies to increase the use of the multi-purpose application card to make payments
for travel, small purchase transactions and fleet management. Means and Strategies: To accomplish this objective, OMB will
issue policy and guidance to agencies; offer expert advice to solve problems; help agencies address cross-cutting issues;
and help remove obstacles. External Factors: Continued progress in systems development for both core and feeder financial
systems in the agencies is essential to meet the objective. This progress will depend on timely joint development of new systems
specifications and a new approach for procuring these systems. The number of clean audit opinions is contingent, in part,
on OMB, GAO, Treasury, and the agencies resolving several crosscutting issues in audit policies and procedures both on an
agency-specific and government-wide basis.
Indicator(s):
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