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8:07 am, July 23, 2014

CFO Council News

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GSA's Turco moving to VHA

Kathleen Turco is leaving GSA after 11 years, including the last three as the associate administrator of governmentwide policy. She will become the CFO at the Veterans Health Administration.

Friday - 05/31/2013, 11:27am EDT

OMB offers first major rewrite of grant-making, oversight processes

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.

Monday - 02/04/2013, 07:17pm EST
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CFOs remain tepid on financial shared services

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.

Tuesday - 10/09/2012, 10:14am EDT
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CFO Council extends contract to build debt-collection dashboard

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.

Monday - 10/08/2012, 04:54pm EDT

OMB's pause of financial systems had little effect on cost, schedule

GAO reviewed the administration's implementation of the July 2010 memo calling for a government-wide review of financial management projects. Auditors found about half of the projects said there was no change in cost and three-quarters said their schedule remained the same.

Thursday - 03/15/2012, 05:08pm EDT
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Agency CFOs feel strain of impending budget cuts

Agency chief financial officers and deputy CFOs said their top three priorities and challenges all revolve around improving how their agency manages spending, according to an exclusive online survey by Federal News Radio. Agencies expect the 2013 budget request to include significant cuts in across-the-board discretionary spending. CFOs and deputy CFOs also said they are concerned whether their workforces are adequately trained to meet the job's growing demands.

Tuesday - 01/24/2012, 03:45pm EST
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OMB pushes CFOs to lead cost-cutting effort

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.

Thursday - 06/30/2011, 02:59pm EDT

New governmentwide financial systems on tap

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.

Wednesday - 01/12/2011, 06:47am EST
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Performance management on agencies' front burners

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.

Thursday - 04/29/2010, 06:39am EDT
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Agencies count on federal financial managers

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.

Wednesday - 03/24/2010, 07:07am EDT
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Agencies get glimpse of the future of grants management

Implementation plan details short, medium and long term goals

Tuesday - 02/03/2009, 07:15am EST
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