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SP-00-11 1 (2000-01-01)

handle is hein.gao/gaobabmbm0001 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 A Newsletter for Government Financial Managers Winter 2000 Vol. 11. No. 4. New Controller for the Small Agency Scores Federal Government Bic Success with A Joint Perspective 2 CFO Council Update 3 Gm'en nvide Benefits Systen Requirements Project 3 Certificates of Excellence in Accountability Reporting 4 Financial Management Profile Helen Thomas McCoy 5 Amendment to OMB Form and Content of Agency Financial Statements 9 FA CTS II Success 10 JFMIP Co qfrence Infornuat ion 11-12 FASAB Update 13 CFOC HR Committee Update 14 Challen ges of Computer and Inforniation Security 15 T he Honorable Joshua Gotbaum was confirmed as the Controller, Office of Federal Financial Management at the Office of Management and Budget (OMB) on November 10, 1999. As the Controller, he is responsible for overseeing the financial management activities in the Executive branch of the Federal government. I lolding two hats, Mr. Gotbaum retains his position as the Executive Associate Director, where he serves as a member of the OMB's senior managemcnt team, working with the Joshua Gotbanm, OMB Director, Deputy Director, and Deputy Director for Management. At OMB, Mr. Gotbaum has assumed responsibility for a range of cross-cutting issues, including many regulatory matters, privatization and Federal policies to counter the threat of terrorism. He joined OMB in 1997. Mr. Gotbaurn is a mcmbcr of the JFMIP Steering Committee. Mr. Gotbaum has broad experience both in business and government. Immediately prior to joining OMB, he served as the Assistant Secretary of the Treasurs for Economic Policy. He advised Secretary of the Treasury Robert Rubin on economic effects of tax and budget proposals and a range of issucs, includi ng social security, ceonomic development, financial institutions, and government rcgulations. Beforc that, Mr. Gotbaum was the Assistant Secretary for Economic Security at the Department of Defensc. In that position, he was both a liaison to business and Defense's primary adviser on matters pertaining to the defense industry, including industry consolidation, export controls, acquisition matters and privatization. Hc also directed the Department's efforts concerning infrastructure, coordinated the 1995's base closures, and was rcsponsiblc for streamlining economic development and reuse at cosing bases. Continrid on pItIfq 10. Systems Implementation ast year, the Corporation for National Service, a small agency in terms of budget authority and employee count, adopted an aggrcssive schedule to replace its antiquated and outdated core financial managcment system. By necessity, the Corporation was forced to implement its rcplacemcnt system midway through the fiscal year - a formidable challenge for anyone because of the need to convert current year data from an old format to a new one. However, the alternative was even more frightful. The Corporation was under scrutiny by Congress to get its financial system in order immediately and the old accounting system was not Year 2000 compliant. The pressure was on! Earlier this winter, JFMIP visited with Wendy Zenker, Chief Operating Officer for the Corporation, and Betty Ilepak, Director of Accounting and Financial Management Services, to discover the secret of this success story. The technology solution selected by the Corporation was the utilization of the application hosting sccvices providced by the )epartment of Interior (DOI) through its National Business Center (NBC). The software package implemented was Momentum Financials 3.2, a client-server product from Arnerican Management Systems (AMS). The initial price tag for the implementation effort was $1.8 million. Informal inquiries by JFMIP indicate that no other Federal agency has implemented the breadth of the functionality available through Momentum software to the extent that the Corporation has. At present, there are about 150 system users at the Corporation that are located in offices at the Headquarters or one of five regional service centers spread across the country. All transactions processed in the regional centers are routed through Hcadquartcrs dircctly to NBC's computer facility in Reston. Edit checks and updates are performed in real time. Generally the implementation was on target with the planned schedule and cost. Future plans for the Corporation include an cxtension of the new system to all desktops and the acquisition of C ontinuced on pjac 6.

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