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ECASOGP-9832: Create page aliases. Add CFO-tabs.
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- name: overview | ||
title: Overview | ||
path: /federal-financial-assistance/overview/ | ||
content: | | ||
<p>The federal government obligates over one trillion dollars in Federal financial assistance funds annually that support thousands of critical programs that support our nation’s infrastructure, health, education, security, and more. Improving the quality of program results and transparently communicating to the American public how taxpayer funds are spent to achieve our shared goals continues to be an important goal of the administration. Recent OMB guidance has built on recent progress in the important areas of Program Planning, Design, and Execution; Managing Risk in Program Design; Public Reporting of Financial and Award Data Post-Award Data and Reporting. Improved program design and implementation of Federal financial assistance is critical to achieving successful program and financial results for the American people.</p> | ||
- name: why-this-matters | ||
title: Why This Matters to the CFO Council | ||
path: /federal-financial-assistance/why-this-matters/ | ||
content: | | ||
<p>In order to properly and consistently implement Federal financial assistance programs, the Federal Government must work together to ensure that U.S. taxpayer dollars are achieving results for the American people. A coordinated approach ensures the most efficient and effective use of taxpayer dollars to deliver the best results, protect taxpayer dollars, and ensure public trust. Effective implementation of programs and stewardship of funds by the executive departments and agencies is critical to achieving these goals.</p> | ||
<p>Coordinated implementation of U.S. government Federal financial assistance, encompassing both financial and program management issues within and across agencies, depend on equitable, effective, transparent, and accountable management practices focused on delivering results for all. The CFOS Council’s role in ensuring proper execution and oversight of Federal financial assistance, including through transparent and standard financial information, is critical to the success of U.S. government programs.</p> | ||
- name: resources | ||
title: Resources | ||
path: /federal-financial-assistance/resources/ | ||
content: | | ||
<p>Click <a href="[site_baseurl]/resources/#focus_area=.federal-financial-assistance&sub_focus_area=*&type=*&source=*&fiscal_year=*" target="_blank" aria-label="federal financial assistance related resources">here</a> to access related resources.</p> |
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- name: overview | ||
title: Overview | ||
path: /federal-financial-reporting/overview/ | ||
content: | | ||
<p>In accordance with the <a href="https://www.govinfo.gov/content/pkg/STATUTE-104/pdf/STATUTE-104-Pg2838.pdf" target="_blank">CFO Act of 1990</a> the following information represents the financial management status report and a government-wide 5-year financial management plan. The report references the Financial Management Progress and Priorities section within the Financial Report of the U.S. Government. Additionally, the report highlights the most recent fiscal year’s financial reporting results.</p> | ||
- name: why-this-matters | ||
title: Why This Matters to the CFO Council | ||
path: /federal-financial-reporting/why-this-matters/ | ||
content: | | ||
<p>Today, accountability means providing transparent information to the public about where and how federal dollars are being spent. It means protecting against fraud. It means avoiding wasteful or excessive use of taxpayer funds. It means ensuring that the federal government is not only responsible stewards of taxpayer dollars, but frugal stewards as well, looking for every opportunity to save money and create greater efficiencies.</p> | ||
<p>The federal government has come a long way since the passage of the CFO Act in 1990. Today, the federal financial management community is focused on three important improvement initiatives:</p> | ||
<ul> | ||
<li>Improving the quality, utility, and transparency of financial information;</li> | ||
<li>Protecting against waste, fraud, and abuse; and</li> | ||
<li>Helping agencies maximize the impact of their limited financial resources.</li> | ||
</ul> |
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- name: about | ||
title: About <abbr title="Federal Real Property Council">FRPC</abbr> | ||
path: /frpc/about/ | ||
content: | | ||
<h2>Goal Statement</h2> | ||
<p>Optimize the federal real property portfolio to achieve agencies' missions, demonstrate stewardship, and manage costs through the implementation of capital and strategic planning, deployment of standard business processes and data standards, legislative reform, and the development and use of detailed budget and expenditure data.</p> | ||
<h2>Challenges</h2> | ||
<p>A lack of standard data definitions and business processes and limited financial transparency makes it difficult for government-wide initiatives to optimize the real property portfolio, to acquire necessary capital, and make timely decisions. Current processes do not support the implementation of a consistent strategy across the whole of government. Other challenges - the structure of the federal budget process, legislative requirements, and others - magnify the challenge.</p> | ||
<h2>Opportunity</h2> | ||
<p>Establish capital planning, embedded in a national strategy, to guide real property investment and implement government-wide strategies to optimize the portfolio. By fully identifying opportunities to reinvest in the portfolio through a standard government-wide planning process, the portfolio can be optimized to cost-efficiently support agencies' mission attainment. Leveraging the Federal Assets Sale and Transfer Act and Federal Property Management Reform Act can assist this effort. Optimizing the federal real estate portfolio will allow for better delivery of federal program results.</p> | ||
- name: strategy | ||
title: Strategy | ||
path: /frpc/strategy/ | ||
content: | | ||
<p>The Federal Real Property Council's strategic approach is featured below:</p> | ||
<img alt="The Federal Real Property Council strategic approach features the following 3 strategies. These strategies build on one another. Strategy 1: Implement Capital and Strategic Planning: Develop a risk-based multi-year government-wide capital planning process to optimize the Real Property Portfolio, one that encompasses the full budget life-cycle, link capital plans to the agencies’ strategic planning processes. Update National Strategy and related policies to address key management opportunities and challenges to ensure a comprehensive approach to continue moving towards the goal of optimizing the portfolio. Strategy 3: Analyze Root Causes of Challenges & Pursue Legislative Changes: Determine root causes of existing real property management challenges as identified by auditors and others to lead FRPC efforts and create a plan for legislative reform that supports executive branch efforts to efficiently manage real property assets for improved mission-support, stewardship, and public service. Include all proposals in the President’s infrastructure and reform plans, including the Federal Revolving Fund." | ||
src="[site_baseurl]/assets/images/frpc-strategy.png"> | ||
<a href="#strategy-popup" title="" class="image-link usa-button usa-button--secondary margin-top-5">Enlarge</a> | ||
<div id="strategy-popup" class="white-popup mfp-hide"> | ||
<img alt="The Federal Real Property Council strategic approach features the following 3 strategies. These strategies build on one another. Strategy 1: Implement Capital and Strategic Planning: Develop a risk-based multi-year government-wide capital planning process to optimize the Real Property Portfolio, one that encompasses the full budget life-cycle, link capital plans to the agencies’ strategic planning processes. Update National Strategy and related policies to address key management opportunities and challenges to ensure a comprehensive approach to continue moving towards the goal of optimizing the portfolio. Strategy 3: Analyze Root Causes of Challenges & Pursue Legislative Changes: Determine root causes of existing real property management challenges as identified by auditors and others to lead FRPC efforts and create a plan for legislative reform that supports executive branch efforts to efficiently manage real property assets for improved mission-support, stewardship, and public service. Include all proposals in the President’s infrastructure and reform plans, including the Federal Revolving Fund." | ||
src="[site_baseurl]/assets/images/frpc-strategy.png"> | ||
</div> | ||
- name: governance-structure | ||
title: Governance Structure | ||
path: /frpc/governance-structure/ | ||
content: | | ||
<p>Below is the governance structure for the Federal Real Property Council:</p> | ||
<img alt="Hierarchy Row 1 (from top): Executive Steering Committee (Lead: OMB, HHS, DOL, Treasury) Hierarchy Row 2: Implement Capital and Strategic Planning National Strategy and Capital Planning Policy MOBILE NOW Act Group Standardize Business Processes & Data Capital Planning Systems Governance & Data Quality Using Financial Data to Drive Decisions CAP Goals #2 & #5 Analyze Root Causes of Challenges & Pursue Legislative Changes Legislative Reform FASTA Board" | ||
src="[site_baseurl]/assets/images/frpc-governance-structure.png"> | ||
<a href="#org-popup" title="" class="image-link usa-button usa-button--secondary margin-top-5">Enlarge</a> | ||
<div id="org-popup" class="white-popup mfp-hide"> | ||
<img alt="Hierarchy Row 1 (from top): Executive Steering Committee (Lead: OMB, HHS, DOL, Treasury) Hierarchy Row 2: Implement Capital and Strategic Planning National Strategy and Capital Planning Policy MOBILE NOW Act Group Standardize Business Processes & Data Capital Planning Systems Governance & Data Quality Using Financial Data to Drive Decisions CAP Goals #2 & #5 Analyze Root Causes of Challenges & Pursue Legislative Changes Legislative Reform FASTA Board" | ||
src="[site_baseurl]/assets/images/frpc-governance-structure.png"> | ||
</div> | ||
- name: initiatives | ||
title: Initiatives | ||
path: /frpc/initiatives/ | ||
content: | | ||
<ul class="usa-list"> | ||
<li><b>Action 1:</b> National Strategy Addendum. Develop an implementation plan for the National Strategy Addendum and initiate all required actions by the end of the calendar year 2020.</li> | ||
<li><b>Action 2:</b> Capital Planning. Develop guidance to implement the capital planning policy (M-20-3) issued in November 2019.</li> | ||
<li><b>Action 3:</b> Federal Integrated Business Framework Business Process and Data Standards. Standardize data elements and business processes to improve existing agency real property data systems and data quality to support management decision-making.</li> | ||
<li><b>Action 4:</b> Federal Assets Sale Transfer Act Implementation. Implement <abbr title="Federal Assets Sale Transfer Act">FASTA</abbr> as required by the statute.</li> | ||
<li><b>Action 5:</b> Legislative Reform. Include the expansion of GSA disposal authority in the budget and continue identifying opportunity for reform.</li> | ||
</ul> |
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- name: overview | ||
title: Overview | ||
path: /major-legislation/overview/ | ||
content: | | ||
<p>The CFO Council plays a key role in ensuring effective and efficient implementation across the Federal government of new legislation.</p> | ||
- name: prac | ||
title: American Rescue Plan and the Pandemic Response Accountability Committee (PRAC) | ||
path: /major-legislation/prac/ | ||
content: | | ||
<p>The American Rescue Plan (ARP) provides an additional $1.9 trillion in pandemic response and relief funding. Consistent with White House ARP implementation efforts, the Office of Management and Budget (OMB) and the Pandemic Response Accountability Committee (PRAC) share a common goal of fastidious oversight of ARP funds on behalf of the American taxpayers.</p> | ||
<p>To that end, OMB and the PRAC have recently engaged in extensive coordination to strengthen oversight and promote transparency of pandemic spending. As the first public step in this ongoing effort, the Administration issued guidance in <a href="https://www.whitehouse.gov/wp-content/uploads/2021/03/M_21_20.pdf" target="_blank">Memorandum M-21-20</a> on March 19. OMB and the PRAC have also issued today the first in a series of alerts to agencies to raise awareness on key issues related to preventing waste, fraud, and abuse, which can be found at: <a href="https://www.pandemicoversight.gov/media/file/omb-and-prac-payment-integrity-alert" target="_blank">Payment Integrity Alert: Risk Factors and Suggested Mitigating Strategies from the Office of Management and Budget (OMB) Office of Federal Financial Management and the Pandemic Response Accountability Committee (PRAC)</a> and <a href="https://www.pandemicoversight.gov/" target="_blank">PandemicOversight.gov</a></p> | ||
- name: bil | ||
title: Bipartisan Infrastructure Law | ||
path: /major-legislation/bil/ | ||
content: | | ||
<p>The Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL), was signed into law by President Biden on November 15th, 2021. This law represents a once-in-a-generation investment in our nation’s infrastructure, competitiveness, and communities. The law provides over $1.2 trillion in critical funding allocated to over 350 distinct programs across more than a dozen federal departments and agencies. It is a historic opportunity to rebuild America’s roads, bridges and rails; expand access to clean drinking water; ensure that every American has access to high-speed internet; to tackle the climate crisis and advance environmental justice, while investing in communities – both urban and rural.</p> | ||
<p>Effective implementation of the BIL by Federal agencies, as well as by State, local, Tribal and territorial governments, is critical to achieving its goals of the law. The CFO community plays a significant role in implementation, by managing and updating financial and grant managements processes, controls and systems and implementing strategies to mitigate risks to ensure that public dollars are invested efficiently, equitably and transparently.</p> | ||
<p>In this regard, agency CFOs are expected to ensure that their agencies adhere to existing Government-wide reporting requirements as established by the Federal Funding Accountability and Transparency Act, as amended by the Digital Accountability and Transparency Act. For example, agencies must report monthly, including award outlays, to USAspending.gov for all funding.</p> | ||
- name: inflation-reduction-act | ||
title: Inflation Reduction Act | ||
path: /major-legislation/inflation-reduction-act/ | ||
content: | | ||
<p>The Inflation Reduction Act was signed into law by President Biden on August 16, 2022. The IRA directs nearly $393.7 billion in federal funding - through a mix of tax incentives, grants, and loan guarantees - to clean energy, with the goal of substantially lowering the nation’s carbon emissions by the end of this decade. The funds will be delivered.</p> |
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- name: overview | ||
title: Overview | ||
path: /payment-integrity/overview/ | ||
content: | | ||
<p>Payment integrity is the process of ensuring that a payment is proper. The <a href="https://www.congress.gov/116/plaws/publ117/PLAW-116publ117.pdf" target="_blank">Payment Integrity Information Act of 2019</a> and Appendix C to OMB Circular A-123, <a href="https://www.whitehouse.gov/wp-content/uploads/2021/03/M-21-19.pdf" target="_blank">Requirements for Payment Integrity Improvement</a>, govern all payment integrity activity and reporting.</p> | ||
- name: payment-accuracy-gov | ||
title: PaymentAccuracy.gov | ||
path: /payment-integrity/payment-accuracy-gov/ | ||
content: | | ||
<p>Click <a href="https://www.paymentaccuracy.gov" target="_blank" aria-label="paymentaccuracy.gov">here</a> to go to PaymentAccuracy.gov. This website provides information on how the government is addressing the issue of payment accuracy.</p> | ||
- name: why-this-matters | ||
title: Why This Matters to the CFO Council | ||
path: /payment-integrity/why-this-matters/ | ||
content: | | ||
<p>Effective stewardship of taxpayer funds is a critical responsibility of the Federal Government and the Chief Financial Officer has the responsibility for all financial management operations and activities in their agency. Improper payments not only impact financial stability, but they are also harmful to the integrity and reputation of the Federal Government and degrade the public’s trust. By making payment integrity a top priority, the CFO Council improves the prevention of improper payments and protects taxpayer money.</p> | ||
- name: resources | ||
title: Resources | ||
path: /payment-integrity/resources/ | ||
content: | | ||
<p>Click <a href="[site_baseurl]/resources/#focus_area=.payment-integrity&sub_focus_area=*&type=*&source=*&fiscal_year=*" target="_blank" aria-label="payment integrity related resources">here</a> to access related resources.</p> |
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