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Update and Implications of the DATA Act – Beyond the Beltway JUNE 3, 2015
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Speakers Christina Ho, Deputy Assistant Secretary, Accounting Policy and Financial Transparency – U. S. Department of the Treasury Karen Lee, Chief, Office of Management & Budget, Executive Office of the President Hudson Hollister, Executive Director – Data Transparency Coalition LeAntha Sumpter, Deputy Director, Program Development and Implementation, Defense Procurement and Acquisition Policy in the Office of the Under Secretary of Defense Moderator: Debra Delmar, Managing Partner - Vanguard Advisors LLC – and Vice Chair, Defense – AGA Corporate Partner Financial Systems & Technology Committee
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Digital Accountability and Transparency Act (DATA Act) Implementation Update Christina Ho, Deputy Assistant Secretary, Accounting Policy and Financial Transparency, U.S. Department of the Treasury Karen Lee, Chief, Office of Management & Budget, Executive Office of the President AGA Webinar June 3, 2015
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Vision and Opportunity PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY Provide reliable, timely, secure, and consumable financial management data for the purpose of promoting transparency, facilitating better decision making, and improving operational efficiency. – Better Data, Better Decisions, Better Government GOALS Capture and make available financial management data to enable the data consumers to follow the complete life cycle of Federal spending -- from appropriations to the disbursements of grants, contracts, and administrative spending Standardized information exchanges – definitions and format – to enable timely access to discoverable and reusable detail transaction level data Design and refine processes and systems to streamline reporting requirements and reduce compliance costs while improving transparency
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Lead Treasury (Data Transparency PMO) OMB Design and Implemen t Treasury Data Exchange Standards Treasury Blueprint/roadmap between data elements OMB Data Definition Standards OMB Pilot to Reduce Admin Burden Treasury Data Analytics Support Senior Accountable Officials from Federal Agencies Consult Industry Non-Federal stakeholders Federal Lines of Business Executive Steering Committee – OMB and Treasury Governance and Implementation Structure Inter-Agency Advisory Committee – OMB, Treasury, OSTP, GSA and Representatives from: CFOC, BOAC, ACE, COFAR, CAOC, CIOC, PIC Inter-Agency Advisory Committee – OMB, Treasury, OSTP, GSA and Representatives from: CFOC, BOAC, ACE, COFAR, CAOC, CIOC, PIC
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Progress and Accomplishments Data Standards Policy Guidance Blueprints Data Exchange / DATA Act Schema Agency Implementation Playbook Pilot for Reporting Burden Reduction PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY
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Guidance Outlines policy requirements to improve data quality and adhere to DATA Act Requires reporting of financial data at appropriations account level Establishes requirement to link financial and management systems Lowers award reporting requirement to micro purchase threshold PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY
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57 Data Elements in 3 stages 15 Final – posted on OMB website for adoption by agencies 12 Proposed – posted on GitHub for public input 30 Current – posted on GitHub for public input PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY
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Final Data Standards Awarding agency code Awarding agency name Appropriations account Budget authority appropriated Object class Obligation Other budgetary resources Outlay Program activity Treasury account symbol Unobligated balance North American industrial classification system code North American industrial classification system description Highly compensated officer name Highly compensated officer total compensation PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY
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DATA Act Schema Map Federal financial data to a standard taxonomy and format Labeling data with a definition and other characteristics such as reporting period, units of measure and validation rules Represented in an XBRL format PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY
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DATA Act Playbook Organize Your Team Review Elements Inventory Data Design & Strategize Execute Broker Test Broker Implementation Update Systems Submit Data PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY
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Pilot to Reduce Reporting Burden Grants information gateway Data standards library National dialogue PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY
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Next Steps Data Standards Finalize all data standards by the end of the summer Agency Implementation Review agency implementation plans Conduct additional agency workshops Data Exchange Continue to revise DATA Act Schema to capture additional award- level data elements Complete DATA Act pilot and demonstrate “data broker” concept Outreach Continue to engage external stakeholders (through means such as GitHub, monthly calls) PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY
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Resources USASpending: https://www.usaspending.gov/Pages/data- act.aspx GitHub: https://fedspendingtransparency.github.io PRE-DECISIONAL/FOR DISCUSSION PURPOSES ONLY
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Hudson Hollister Data Transparency Coalition's infographic on the DATA Act infographic
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LeAntha Sumpter DATA Act Challenges Implementing data element and business process changes Enabling end to end electronic interoperability across and between systems Recognizing resource constraints Timing of available data submissions Managing Data integrity Ensuring changes are relevant to mission execution
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Q&A
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