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Budget Execution and Financial Management Integration Workgroup Holden Hogue, FMS/Treasury Dave Harmon, OMB

Budget Execution and Financial Management Integration Workgroup Holden Hogue, FMS/Treasury Dave Harmon, OMB. May 8, 2008. Budget and Financial Management Integration. Workgroup Goal

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Budget Execution and Financial Management Integration Workgroup Holden Hogue, FMS/Treasury Dave Harmon, OMB

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  1. Budget Execution and Financial Management Integration Workgroup Holden Hogue, FMS/Treasury Dave Harmon, OMB May 8, 2008

  2. Budget and Financial Management Integration Workgroup Goal Develop solutions and/or tools that will support government-wide standards, improve data exchange within the business process, and support better reporting and decision-making at all levels.

  3. Financial and Budgetary ReportingData Exchange Current Structure OMB Treasury Deficiencies: • No single source of data • Multiple data exchanges between multiple partners • Multiple schemas based on data being exchanged • Data not available electronically Agencies

  4. Financial and Budgetary Current Reporting Challenges • Financial and budgetary data is not available from a single source • Data must be obtained from multiple entities, locations and applications • Substantial resources are required to establish and maintain multiple data exchange schemas with multiple partners • Not all data is available electronically • Data exchange standards do not exist • There are inconsistencies between apportionment document (SF 132) and the budget execution (SF 133) • These must be eliminated to support automation and standard data exchange

  5. Financial and Budgetary Current Reporting: Proposed Solution Create a mechanism that will: • Provide a single point of data for financial and budgetary transactions • Provide a standard data exchange schemas • Eliminate the need to exchange data in paper form • Eliminate conflicts between reported financial and budgetary data

  6. Financial and Budgetary Current Reporting A Starting Point • Obtain the following data for use: • Apportionment data from OMB • FACTS I and FACT II data from Agencies • FACTS II required data elements (i.e., discretionary, non-discretionary, X year, multiyear, etc… ) from OMB MAX • Map budget execution processes • Develop model data table requirements • Develop data exchange standard

  7. Financial and Budgetary Data ExchangeConcept Model: Data Exchange Proposed Structure Treasury OMB Data Exchange Concept Model Benefits: • Provides a single source for budgetary and financial data • Reduces required number of exchanges • Standard data exchange schema • Makes data available electronically Agencies

  8. Key Steps in Implementing the Model • Obtain executive management buy-in • Develop the Government-wide standard data exchange model and requirements • Automate the SF 132 Apportionment and provide controls for summary level reporting • Incorporate into the OMB and Treasury FMS plans once accepted • Provide capability to feed the SF 132 into the SF 133, Budget Execution

  9. Current Workgroup Projects – StepsAlong the Way to a Data Store

  10. Current Workgroup Projects – StepsAlong the Way to a Data Store

  11. We Need Your Help! • Participate in BEFMI workgroup meetings – can join by phone and Adobe Connect • Review and Comment on the Touch points paper on the community website at https://max.omb.gov/community/x/QA4 • Review and Comment on the process maps now posted at https://max.omb.gov/community/x/EgAFAw • It’s an exciting time – we believe we are making progress toward solving some of the most troublesome problems confronting the budget and financial management community.

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