About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

SP-99-8 1 (1999-06-01)

handle is hein.gao/gaobablzx0001 and id is 1 raw text is: J o i n t F i n a n c i a I M a n a g e m e n t I m p r o v e m e n t P r o g r a m UC F M IPU A Newsletter for Government Financial Managers jNew Secretary of the Treasury and JFMIP AJoint Pempective 2 JFMIP Steering Committee Changes 3 New IGs and CFOs 3 Financial Managemena 1fes Wendy Comes ...... 4 Frank Sullivan ...... 5 Travel and TransportationAct 7 GAOAmends GovtAuditing Standards 8 0MB Repises Financial Systems Circular 9 Putting Service Back in Govt Service Delivery 9 Eliminating GTRs 10 CFO Council Teams with FederalLearning Exchange 10 jFMIP Knowledgebase Helps Improve Finanial Systems 11 Year 2000 Update 12 FASAB Update 13 Treasurs Goal for Career Development 14 NASA Goal Performance Evaluation System 15 Principal On July 2, 1999, the United States Senate confirmed Lawrence H. Summers as the seventy-first Secretary of the Treasury, replacing Robert E. Rubin. In addition to his duties as Secretary, Mr. Summers will serve as a JFMIP Principal to oversee the general direction of the Program. The other JFMIP Principals are the Director, Office of Management and Budget, the Comptroller General of the U.S., and the Director of the Office of Personnel Management. Prior to becoming Secretary of the Treasury, Mr. Summers served as Deputy Treasury Secretary for four years. In this position, Summers played a leadership role in the Department's work on international, tax and domestic policy issues, as well as financial system and law enforcement issues. Mr. Summers came to Washington in 1991 to serve as Vice President of Developmental Economics and Chief Economist of the World Bank. Following that, he moved to Treasury, where he became the Under Secretary of the Treasury for International Affairs. ' Before entering Federal service, Mr. Summers worked as a teacher and researcher at MIT and Harvard University. From 1987 to 1993, he was the Nathaniel Ropes Professor of Political Economy at Harvard University. He has written extensively on economic analysis and policy and is the author of Understanding Employment, co-author ofReform in Eastern Europe, and editor of the series Tax Policy and the Economv. During his distinguished career, Mr. Summers has been awarded the John Bates Clark Medal (for outstanding American economist under the age of 40) and became the first social science recipient of the National Science Foundation's Alan Waterman Award (given for outstanding scientific achievement). Mr. Summers is a native of New Haven, Connecticut. He is a fellow of the Econometric Society and the American Academy of Arts and Sciences. o Summer'1999 Vol.11. No.2. First Class of CFO Fellows Graduate T he historic Indian Treaty Room in the Old Executive Office Building was the setting for a reception on May 17th to celebrate the successful completion of the inaugural year of the CFO Fellows Program. The first class of nine CFO Council Fellows, their families, and Council members from the host and home agencies attended the afternoon event. The CFO Council Fellows program was established to identify and develop a diverse cadre of candidates for future executive level financial management positions. Each Fellow spends a full year on challenging senior level developmental assignments at a host agency different from their own. They also receive formal training from the Federal Executive Institute and the U.S. Department of Agriculture (USDA) Graduate School. The Program is designed to give the Fellows opportunities to affirm their leadership potential by demonstrating initiative, creativity, adaptability and the ability to lead as well as to work effectively on teams. Norwood J. Jackson, Jr., then Deputy Controller, Office of Federal Financial Management, OMB, delivered the opening remarks. He described his vision for the future of Federal financial management leadership, and reminded the Fellows that their personal qualities of initiative, imagination and integrity are those qualities essential to effective leadership. Phil Hudson, Director of the USDA Graduate School, which administers the CFO Fellows Program for the Council, addressed the group. He commended the CFOs of the home ageficies for making the tough decisions to give up the best and the brightest to invest in the future of Federal financial management, and congratulated the Fellows for pursuing new challenges. Hats off to the CFO Council for helping to make a real investment in them, stated Hudson. Thaddeus Kontek, the CFO Fellow from the Departmentof Labor who served his Fellowship at the Environmental Protection Administration, was chosen by the class to speak on their behalf to describe the nature and value of their experiences. Certificates were presented to the Fellows by Ken Bresnahan, Acting Chief Financial Officer for the Department of Labor and Chair of the Human Continued on page 6. -Sr- 99 t --7 o,07 kc& K)2-

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most