1. Federal Financial Management Excellence
Strengthening the CFO Community
JFMIP Federal Financial Management Conference
May 8, 2017

2. Agenda Welcome and Objectives Jeff Schramek
Acting Deputy Commissioner, Financial Services and Operations
Bureau of the Fiscal Service Panel
John Hill
Assistant Commissioner, Office of Financial Innovation and Transformation
Matthew Miller
Assistant Commissioner, Fiscal Accounting Operations and Governmentwide Accounting
Corvelli McDaniel
Assistant Commissioner, Revenue Collections Management
Ronda Kent
Assistant Commissioner, Payment Management
Jenny Rone
Acting Assistant Commissioner, Debt Management Services
Renata Maziarz
Director, Data Transparency

3. Mission and Vision Our Mission We Exist to… Our Vision
Promote the financial integrity and operational efficiency of the Federal government through exceptional accounting, financing, collections, payments, and shared services.
Our Vision
We Will…
Transform financial management and the delivery of shared services
in the Federal government.

4. Fiscal Service Portfolio
Financing
Awarded $8.0 trillion in Treasury marketable securities and conducted 269 auctions to fund critical government operations and activities.
Payments
Securely disbursed 1.2 billion payments totaling more than $3.3 trillion, 100% on time, with 95% disbursed electronically.
Centrally disburse 85% of all federal payments, including IRS tax refunds, SSA and Supplemental Security (SSI) benefits, OPM retirement benefits,
Veteran’s benefits, and vendor payments.
Collections
Collected $3.96 trillion in federal revenue, 98.2% settled electronically.
Shared Services
Governmentwide Accounting and Reporting
Provided administrative and information services to
80 federal agencies , including more than 1,000 contract awards and 98,000 travel vouchers.
Accounted for the $19.8 trillion in public debt; serviced $5.6 trillion in Treasury securities invested by 79 agencies in 247 accounts
Public Key Infrastructure
Delivered two-factor authentication abilities to more than 50% of civilian government employees,
including Homeland Security, SSA, VA, and NASA
Debt Management
Collected $7.41 billion in delinquent debt
*Figures for FY 2016

5. A New Role in Federal Financial Management
Providing the financial tools and capabilities to assist the CFO in supporting their agency’s mission
Where is your agency?

6. Supporting the CFO Community Mission
Provide Central and Shared Financial Services
Promote Electronic Commerce
Providing the Financial Tools and Capabilities to Assist the CFO in Supporting Their Agency’s Mission
Advance Data Integrity and Transparency
Engage the Financial Management Community in Shaping the Future

7. Providing Central and Shared Financial Services
ARC Shared Services Capabilities
Centralized Receivables Services
Centralized Delinquent Debt Collection
Centralized Payment Services
Payment Integrity

8. Advancing Data Integrity and Transparency
Pursue U.S. Government Financial Report Auditability
Increase Reliability of Intragovernmental Buy/Sell
Move Beyond DATA Act
Apply Data Analytics to Identify and Prevent Improper Payments

9. Promoting Electronic Commerce
Revolutionizing Government Collection Tools
Challenge Conventional Wisdom and Continue to Evaluate and Pilot New Technology
Increase e-Payments
Centralize e-Invoicing

10. Engaging the FM Community in Shaping the Future
Reduce the Burden of Low-Value Reports/Audits
Promote Standards to Enable Economies-of-Scale
Automate Repeatable Tasks for Greater Efficiency
Pilot Testing with Agencies
CFO Council and Monthly Partnership Meetings
National Conferences, Forums and Symposiums

11. Questions & Answers For additional information: April Battle
Office of the Commissioner
Director, Agency Outreach