Office_of_Federal_Financial_Management

Office of Federal Financial Management

Office of Federal Financial Management

Component of the United States Office of Management and Budget

The Office of Federal Financial Management (OFFM) is a component of the United States Office of Management and Budget (OMB), which is part of the Executive Office of the President of the United States (EOP).

Quick Facts Agency overview, Formed ...

The President of the United States appoints the controller, who serves as the chief officer of OFFM. The current acting OFFM Controller is John C. Pasquantino.

Organization

OFFM is made up of two branches: the Management Controls and Assistance Branch and the Accountability, Performance and Reporting Branch.

Mission and responsibilities

OFFM's mission is to support the effective and transparent use of Federal financial resources. OFFM's responsibilities includes implementing the financial management priorities of the President, establishing government-wide financial management policies of executive agencies and carrying out the financial management functions of the CFO Act of 1990.

OFFM's priorities include transparency and data management, shared services, real property, improper payments, grants management, internal control, federal financial reporting, debt collection and charge cards.

History

OFFM was established by the Chief Financial Officers Act (CFO Act) of 1990.



Stub icon

This United States government–related article is a stub. You can help Wikipedia by expanding it.
Share this article:

This article uses material from the Wikipedia article Office_of_Federal_Financial_Management, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.