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4:27 am, September 16, 2014

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OMB following a familiar path as it shapes new financial internal controls

The Office of Federal Financial Management is updating Circular A-123 to focus on risk management and data-driven decision-making. OFFM also plans on rescinding the financial systems requirements circular, A-127, in the coming weeks.

Tags: management , financial management , internal controls , A-123 , A-127 , OMB , Mike Wetklow , David Saltiel , Flavio Menasce , improper payments , Do Not Pay portal , Association of Government Accountants

Wednesday - 09/18/2013, 05:44am EDT
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Treasury says US will hit debt limit in mid-Oct

Tags: Jacob Lew , Congress , budget

Tuesday - 08/27/2013, 09:00pm EDT

VA, OPM implement promising practices for next generation of SESers

A new report by the Partnership for Public Service and McKinsey and Company found inconsistencies among agencies in how they recruit and develop their Senior Executive Service members. That lack of standardized leadership development is causing some to question whether senior executives will be prepared to replace long-time managers who are retiring at a fast rate.

Tags: management , workforce , SES , OPM , Steve Shih , Nani Coloretti , Christine Kluh , Veteran Affairs , Partnership for Public Service , McKinsey and Company , Nora Gardner , Jason Miller

Wednesday - 07/24/2013, 05:45am EDT
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HUD buying into shared services; renewed push to merge DoD's CIO

In his Inside the Reporter's Notebook feature, Executive Editor Jason Miller shares news and buzz in the acquisition and IT communities that you may have missed this week.

Tags: technology , acquisition , HUD , financial management , DoD , Bob Lentz , Defense Authorization Bill , GSA , Dan Tangherlini , industrial funding fee , Inside the Reporters Notebook , Jason Miller

Monday - 06/24/2013, 05:29am EDT
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Treasury unveils Lew's improved signature

The Treasury Department unveiled Secretary Jacob Lew's new signature on Tuesday. It takes the Bureau of Engraving and Printing about 18 weeks to put new engraving plates into production. That means Lew's signature will not show up on the various currency denominations until sometime this fall.

Tags: Jacob Lew , Bureau of Printing and Engraving , people

Wednesday - 06/19/2013, 08:24am EDT

New data could be difference-maker for move to shared services

OMB and Treasury have been working with the four federal financial management shared services providers to collect information on cost and performance. OMB Deputy Controller Norman Dong said the data will help agencies make true comparisons of the providers.

Tags: Norman Dong , technology , OMB , Lisa Schlosser , AGA , AFFIRM , shared services , financial management , Jason Miller

Friday - 06/07/2013, 05:26am EDT
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Retirement funds temporarily tapped to avoid debt limit default

In order to avoid defaulting on the national debt, Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time.

Tags: Jacob Lew , retirement

Tuesday - 05/21/2013, 04:10am EDT

OMB reworking financial system requirements to focus on outcomes, not inputs

The administration is expected to release a new directive in the coming weeks to update Circular A-127, which defines how agencies operate their financial systems. The new guidance is expected to open the market up to vendors and make it easier for agencies to transition to shared service providers.

Tags: technology , shared services , Adam Goldberg , OMB , Keith Trippie , DHS , Gwynne Kostin , GSA , Kirit Amin , Commerce , Management of Change Conference , ACT-IAC , Jason Miller

Tuesday - 05/21/2013, 05:27am EDT
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