Financial Management Five Year Plan Fy 2005-Fy 2009

By Environmental Protection Agency

Book Id: WPLBN0000113077
Format Type: PDF eBook
File Size: 0.8 MB
Reproduction Date: 2007

Title:	Financial Management Five Year Plan Fy 2005-Fy 2009
Author:	Environmental Protection Agency
Volume:
Language:	English
Subject:	Ecology, Natural resource issues, Environemtal protection
Collections:	Environmental Awareness Library Collection
Historic Publication Date:
Publisher:	United States Environmental Protection Agency


Citation APA MLA Chicago Agency, E. P. (n.d.). Financial Management Five Year Plan Fy 2005-Fy 2009. Retrieved from http://gutenberg.cc/

Description
Excerpt: Each year the Environmental Protection Agency (EPA) Office of the Chief Financial Officer (OCFO) prepares a Financial Management Five Year Plan as required by the Chief Financial Officers (CFO) Act. The Plan is intended to demonstrate support of government-wide initiatives set out in the Federal Five Year Plan. In recent years, this requirement was folded into the preparation of agencies’ budget submissions, as outlined in Office of Management and Budget (OMB) Circular A-11, “Preparation, Submission and Execution of the Budget.”

Table of Contents
FINANCIAL MANAGEMENT FIVE YEAR PLAN FY 2005 - FY 2009 TABLE OF CONTENTS TITLE PAGE EXECUTIVE SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . EX-1 ATTACHMENT I. FINANCIAL MANAGEMENT INITIATIVES: SUPPORTING THE PRESIDENT’S MANAGEMENT AGENDA (PMA) . . . . AI-1 A. IMPROVED FINANCIAL PERFORMANCE. . . . . . . . . . . .. . . . AI-1 1. Streamline Financial and Accounting Processes to Generate More Timely and Accurate Financial Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AI-1 2. Obtain and Sustain Clean Audit Opinions . . . . . . . . . . . . . AI-1 3. Eliminate Reportable Conditions and Noncompliance . . . AI-2 (a) Reportable Conditions . . . . . . . . . . . . . . . . . . . . . . . . AI-2 (b) FFMIA Noncompliance . . . . . . . . . . . . . . . . . . . . . . . AI-3 4. Meet Accelerated Year-End and Periodic Reporting Requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AI-3 5. Improve Financial Reporting . . . . . . . . . . . . . . . . . . . . . . AI-4 6. Strengthen Cost Accounting and Expand Cost Information Available to Managers . . . . . . . . . . . . . . . . . . AI-4 7. Minimize Erroneous Payments . . . . . . . . . . . . . . . . . . . . . . AI-5 B. BUDGET AND PERFORMANCE INTEGRATION . . . . . . . . . . AI-5 C. E-GOVERNMENT–EPA’S FINANCIAL SYSTEM . . . . . . . . . .. AI-6 1. Provide EPA with a Modern Comprehensive Financial Management System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AI-9 2. Provide EPA with a modern Integrated Payroll and