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A01603 1 (2001-08-01)

handle is hein.gao/gaobacxkt0001 and id is 1 raw text is: Joint Financial Management improvement Program JFMIP> A Newsletter for Government Financial Managers Summer 2001 Vol. 13. No. 2. CONTENTS Plan To Streamline Federal Grant Process Issued Plan Db Streamline Federal Grant Process Issued ............ 1 New OPM Director and JFMIPPrincipal................. 1 Ajoint rspective............... 2 New CFO Council Members 3 JFMIP Issues Paper on Parallel Operation of Sotware.......... 3 Reflections of a CFO Council Fellow ................... 4 New JEMIP StaffMember.. 4 Fnancial Management Profile Irwin T (Ted) David ......... 5 Financial Management Profile Cynthia J Schwimer ..............6 2001 CFO Council Fellows Graduate ......................... 7 GAO ED Iued on Auditing Standard on Independence .. 8 2002 CFO Council Flows P ram.......................... 8 FASAB Update ............... 9 JFMP Forum on Accelerated Year-End Close and Inter- entity Eliminations............ 10, Detailees atJFM P.......... 10 Interior's Integrated Charge Card Program ............... 11 Fosure Draft Issued on Benefit System - Requirements................. 18 New Fnancial Management Systems Inventory System ... 18 Core Fnancial Systems Requirements Exposure Draft ............................. 19 On May 18, 2001, Department of Health and Human Services Secretary Tommy G. Thompson released, on behalf of 26 federal agencies, a government-wide plan to streamline grants programs and to make it easier and less costly for States, universities, businesses and other grant recipients to work with the federal government. The initial plan is a result of the Federal Financial Assistance Management Improvement Act of 1999 (PL. 106- 107) which provides both a mandate and a challenge for the administration of federal financial assistance programs and activities. This initial plan fulfills the requirements of the Act that the agencies develop implementation plans and submit them to the Director of the Office of Management and Budget (OMB) and to the Congress by May 20, 2001. The purposes of the Act are to (1) improve the effectiveness and performance of federal financial assistance programs, (2) simplify federal financial assistance application and reporting requirements, (3) improve the delivery of services to the public, and (4) facilitate greater coordination among those responsible for delivering the services. Continued on Page 12 sommy k.. I nompson Secretary ofHealth and Human Services New OPM Director and JFMIP Principal K ay Cole James was sworn in as the Director of the U.S. Office of Personnel Management on July 16, 2001. As the OPM Director, she will be the chief advisor on human esources issues, pay, and benefits.for the nation's 1.8 million federal employees. Ms. James will work to attract into public service talented people who are prepared to take on global challenges in medicine, defense, education and the environment. Our government can only be good as the people it employs. I am honored to serve in an Administration dedicated to recruiting and retaining individuals of the highest capabilities, skills, and commitment, said Ms. James. Ms. James is a 20-year veteran of American public policy. She most recently was a Senior Fellow for The Citizenship Project at The Heritage Foundation and has served under two previous Administrations. Under President Reagan, she was a member of the White House Task Force for the Black Family and the National Commission on Children. During President George H.W Bush's Administration, she was the Associate Director of the White House Office of National Drug Control Policy Director of OPM Continued on Page 18

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