rlo nt e nts 

Foreword 

Letter from the Prcndcnt 

Memorn1ldllm from ]FMJP Principals to 

Ha,ds o(Departments mid Agmcies 

Highlights of the Past 40 Years (1948-1988) 

., ~ ,,, ... *":--: 

Current InitiatiJ1es and Future Dh'cction ofJFMIP 

Appendices 

A. Selected Projects ill wbich the ]FMIP Was l nvohled as 

IV 

v 

I 

11 

19 

[llitiator or P"rticip,,"t (1948-1988) 24 

B. Key jFM1P Officials and StaJTDuri1llT the 40th Year, 1988 26 

Abbrl.:I'ia.cions 

GAO Gencrnl ACCOlUUi11g Office 

jFM IP joint Financial Managt.'1}'l>cnt hnpropcment Program. 

OMB Office of Mal1aBemC1lt "lid Budget 

OPM Office ofPerso,mcl Management 
f( 

t .1..1 

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Oj1' C / 

. A; 72-
110 re word 

T his report marks the 40th anniversary afthe Joint FinatLCJ'al Mattagel-I'tent 

Improvement Program (fFMIP) and highlights its past achievements, wrrmt 

undertakings and fu.tu.re platls. The Joint P"o..Jjrntn. acts as the coordinator Q.nd 

cata(vst for financial management impTove1n.e1~ts imJotving all !ede1-«J govcrnme'1lt operations. 

The President commends tilt' joint Program for its coordinated improvements 

in federal financial management during the past 40 years. He urges us to 

improJ1c budget, financia.L, and program mana .... qcmcnt. This objective can be 

achic17Cd bjl focusing on (1) better management riJrottllh governme1ttwide 

reportinB standards and financial management systems that provide consistent, 

time(v, and reliable jinandl1.t information and (2) greater efficiency tr,'nd 

effectil1C1USS i'l gover1l.tnc'1'u operations. 

S imi/arly, the principals-the Director of the Office of Manageme,u and 

Budget, the Secretary of the Treasu.ry, the Director of the Office of Personnel 

ManagC1nC1ttJ and the C(Jmptroller General of the Un.ited States-also citt: 

ma.ny sttccessful JF M I P contributio'ns to financial management in the governOHmt. They recognize that the continuing fltcelSS of lFMIP depends on an 

active partnership of ail members of the financial cO'1'llmu.niry and seek your 

pi-gorous participatio1'l in the filture. 

~ . . 6C~ 

~ia Rubinson 

Et:ecutive Director 
riii."'.\ \.. j .... ~ 

THE WHITE HOUSE 

Vo'ASH INC;TON 

Au gust 16. 1989 

I am delighted to extend greetings and congratulations 

to participants in the Joint Financial Management 

Improvement Progr am on the occasion of your 40th 

Anniversary of service to the Federal management 

community snd to the pubUc. 

This is an excellent opportunity to acknowledge the 

important financial manogement advancements thot 

have been achieved through the cooperative efforts 

of the members of JFMIP -- the Office of Management 

and Budget. the Ge ner al Accounting Office . the 

Depa rtment of the Treasury. and the Office of 

Personnel Managemen t. Your success has been most 

evident in such ar eas 88 cash and c redit management. 

financial syst ems, electronic funds tr ansfer . an d 

budget and accounting practices. Your dedication 

to excellence is essential to effective government 

management. 1 commend you on your outstanding 

efforts. and I encourage you to keep up the good 

work. 

Barbara joins me in offertng our very best wishes 

for a memorable celebration and for every future 

s uccess. God bless you and God bless America. 
IlIrincipals Let t er of Intr o d" c t i on 

December 20, 1989 

Memo randum for Heads of Departments and Agencies 

T he 40th n.mlil1crsar), uftbt' JOi11t Fillct.1Icinl MnnagonclIt Imp,'o I1cmc1lt 

Pro,lTrnm. is lUI appropriatl.: timf to rcflat (m tbe nccomplislnucncs and futttre 

dirutif)1l offederal finan.cial mann .... qcmcllt improvements. We nre tal.·ing 

this opportunity to thn.nt.· .11011 for ),ollr dt'dicatt'fi snppm'( alld t:1Jt;msiamc 

cooperation in imp,'ollin.Hll0l'Crllme1J.t opt:rati01lS O}1er tbt' years. Your flllency 

accomplishllumts hal'e proJlloud finnncinl mau(l.J1cmCllt and cconomy a.nd 

tlficiL'ncy in. :vow' m:qallizati()1ls. Witb .yOU7' participatiolJ and coop&7'atio1J, we 

"ave clJl1tinltcd to ad,'a1JCC federal fillnucinl operntiolls and pra.cticcs. 

JFMIP provides n f{}rum ]in' cO{)1'dilllltitm truti cooperation anLong the central 

financial a.!Jencies and pro.tll'n111 n.tlolCifS to imprlwc finn.ucial mauagcmcnt 

.l10IJLT1Hl1fntwidL', 111 addition to tbt: past acbit.'JJements biglJli...qbtcd i1~ tbis 

rep()/"t, we will nnpl:msiz.: tbe modcrui::;atiofl offinnncia/ systems, the stalldardizatiou (~ffinancin t data fwd ,f')'stcm re'l"ironcllts, and the resolutiol1 lif'JJuman 

nsow'ce isStles, 

Major ciJn.n ... f1cs will occur ill tlu ncxt dccade ns 11',' t:mploy infonnation tee/matlillY to batcr mnnflpegoll

l:t'lIJnoU re,f01t1"Ct'S, t:11IJnllct" public accolmtability, aud 

improl'L'gollCr1Jmcnt st.-'1-"ius, 01lr cooperntillL' cfJures mllst bt" dil'ceted toward 

imph'mentiug tbt' technology to improl1cfinancinl mnnnJfement, l-il, nll71ced t(} 

wah' n stro1/ .. "f1 L"fnnmirm.cllt to mat tbest: chnllcllpt's, nnd IJlt' lookfon"/u'd to 

wOfL'i"ll with ,Vall to n.cb;c", our commOll gonl of n b"tterBovt.:rmm:llt, 

JFMlP Principals 

R icbard B, J)n n un 11 

Di,·ccto,., OJJicc of 

A4nnn ... f1aurut and Bud.f1ct 

COllstn.nCt' H. j\J,,'wmnll 

Di ,-ecra,., OJJicc of 

Pcnormd Nfn.nn ... lfcmclIt 

NiclJUlns F. Brady 

Sccn:tnl:'1' f)ftb~' 7'rcnsu,:,' 

Chnrles A. BOIJIsiJa 

Comptroller General of the 

United StatL'S 

m ackgrottnd and Organizatioll 

Origin ofJFMlP 

T he Joint Fillnllciai lW.fl.nfllTcmctlt bnptOlJL'mt:1Jt Program. commo1'l(V referred 

to as J FM I P, mnrl..,s 40 'yean of progress ;.,.1 gOl'cr1l1llclItwitic c()opcratim; efforts to 

P"(}1Il(}tc betet:r fillancial mn lIogcmclIt. J F.M I P promotes ,be continu.ed dCJ1ciopmellf, modenJi::.atio1J, and liSt' of imp roped fillmtcial ma1lngcme7'1t practices 

covt!rirl .. .tl plmmi'l;..If, t'XCClttil1/J, c{J1tu'olling, and rcprwting 011 ngency opera tions. 

h i 1948, tbe Genc1'nl Accmwri1tIT Office, the Dcpm'w1-Cut t~ rtlJt: Treasw)', and 

tbl: Bureau o/the B1Id,lIet (noll' the Office o./'Iv/IJ.1'lnlIC11IC1U ami Budget) began 

flU ejfort, in cooperntio1J IIlit/) otber gOl1cnllm.:llt fllJCllch's, with the purposes of 

( 1) pr(Jm(ltin~q mon' effective and efficient jillmlCia/ systems in thl.:g(}J)enwu;nt 

and (2) coordiua.tiug the in.terrelatcd financial acti J,itit;s a·nd. n:JpousibilitieJ' of 

tbe CL'lIfrnl a..'r1mcit,·s. 

On jmllf.n.ry 6, 1949, ch,: th1'l:e central ogenc.,' hmds signed a formal a.!J"ce111.C'f1t 

tlmt seljiH·tI) the policies, oujectiJlcs, and work areas for fi)is juint Pru .... qram. TI'1t: 

agrccme1lt cfmciudL'd b." stating: 

", .. this jo£nr Program I1lillgil1t: the Prcsidn/,t better IJUI1J.a .. lJt:mellt j'l tbe 

cxt'clltiJle brauch, tilt' C01l.Flress bettel' in/ormation nud bnJ"l.:s fot" acting upon 

app,'opria.r.io ns aud utber le.HiJ/at£on, fl 'l'ld the public a c!carc1' pictun; oftbe 
financial c01lditinn. aNd opcrntioJls of the fede1·algoJ1Cr1111tCut. » TIle p'rj'nciples 

and o{;jeuiI1L's oithe jOi11t Prog"nm !pry, subsequently embodied in the Budget 

alld Accountill;...'T Procedllres Act of 1950. 

Knollm IJrtl1inall" t as the joint Program for Improving ACC01l11tillg il1 tbe 

Federal Govcrmncut. jFM I P concen.trated its early efforts m 'l the imprf)l1Cmcllt 

of accou 11 tillg opel·atious. lu the late 1940s, agerlcy financial managemen.t 

S)'stems, JlIhich lIlcrc undu.ly complex a ndgcllc1'atcd n mass of red tape, were n.!so 

inadequate jfn' 'HUfnagel-nent purposes. Gel-Itra.! financial agenciesl communications rt:sultcd in conflicting 01' duplicative rCfI"iremcn.ts fm' the program. 

agencies. n)e need to develop better financial mallagemC11t S)'stcms to provide 

ma1lagemellt with usefltl tJ.1ld timel.'v information was rccognized. Thu.s, the 

j oiut Program. conce'1l.trated its initial efforts 0'1J. resolving these basic problems 

and 011 rcal'!)1l.i"g responsibilities to a.lloid conflicts nlld duplications. 

T he ProB"am was redesignated RS the Joint l-I.uancial Management Improve· 

ment Program i1l. December 1959. In 1966, the Civil Service Commission ( 11.0111 

the Office of Personnel Management) IVa.s invited to joi .. the jf:#IP principals 

to provide lcadc1'sbip in personnel matters sitch as rccrttiting anti trainifz.g 

finan.cia./ ma.nngemcnt pcrso1mel and improviug job clllssiftcation stan.dards. 
SinCt' 1984, n 1..'("11 ofli.cin/frum n pro ... fTrnm n...rlc1l9 has sC1'ved on tbe Srccrinl1 

Cowmittct.'. 

A lrbou,[,f; mafJods and tcclmiqllt:s offil1ancia/ management CU1ttillIl01lS~V 

same (Jl1t.'r the .1't'nrJ', Its major lIon! is to p,'omote tbt.' imp1'fJlJCmcl1t of finmJCin! 

mnllfl,..flt:mCllt poLicies flud prnctiet:s i" tbt' ji:dcrfll,..',ollL'rIWlL'1l1 through coopera ~ 

rhle efJorts, t"tn.:by bt.'ttL'" StTPillg tilt' nuns IJfwrl1ln ... IfLTS at ail levels o!tbl;.' 

/.·xt'ClItifJC branch, t/;t.' CmJ/fn'sS, nud tbf'/rolt:rnl public. 
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INTERAGENCY 

PROJECT TEAMS 

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TREASURY 

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AGENCY LIASON 

REPRESENTATIVES 
o "t.'l'all Icadt:rship and pnLtrram ... fTuidmlct' iJ prol'idcd U:v rllt' fultr principals of 

til .... Pro...nrnm-tbt.' Di1'cctm' oIL'" Offia ofA4nlln ... fTcm .... 1ll and BW{lJct, tbe 

.";un'tnry' of tilt Tn:nslI'")', fbe Comptrullt'1' Gt.'lItTnl oftb .... United StntcJ, and fb .... 

Din'erol' uftlJt: Office UfPcYs()lllld Malln ... (ft:1IJCllt, 77Jt.' chninnnmbip is rotnted 

bii.'tl1lin/~v nmou .. q tbe principn!J, 

En.f/J p1'illL"ipnl dt'st,tJ"ntes Il h:v policy (dficial to SLT])/.· ()U flu: }FAt/II> Srcct'ing 

Com witUt', ",bicb al.1'O includes tilt.' IFi.\!f/ P £,,{.·cuth,t' DiJ-ator lInd a rcprcsel1-

pailld. '/7J1: six-mollucr SUtTi" .. 11 COlllmittt!t' dt'Jldnps .. fluals aud uujecripes fur 

.. l1uidi1lfl tbe impl'OJ't:mel1t of financial mrmn.Hemt·lIt 1lC1'osslIOlIC1'W}lCllt and 

/1l'ouwtl..'S strn,tt: .. l1il'S fiJI' aciJicvil1 ..'1lbcsc nbjecti lIes. In addition, the Steeri1lg 

Committee com'dinn.us nnd discllsses untral aJTcueh',\' , policies nud ;uitiatilJcs of 

(OUJ1J/(J11 ;lIrat'st to Il/Ioid possible cmlJlict, il1Cml.l'istL"rlC."', aud duplicnti(JU. The 

Stt'LTill .. 11 Cmmuittt:e, Il'bich lfIeL'ts m()nth~v. provides p,'oj,;ct .. qllidallce fl.ud 

(OllsidL·rs ..... "ol/e1'1II1JL'rltll'ide fina.neial maua..rrcmcut jlt'obft.'mJ. T1JC cbni"mau:;hip 

rotatCJ nUl{}11...1f tbe fOil l' cC1/.I;rnl a/Tene," re:prest.'1ltnril'cJ bielluinl(v. 

T bt.' £\'/'curilJt.' Din'ctol' is 1,t.'J'jJollsibh-fin· dCJ1eiopi1zg nnd directil(q multiple 

intcrn flt.'1lCy actil1itic.f n.nd projcctJ' to impnJl't' fcdt.'l'al finnncial mn.n·fl:..iJt:tnent to 

.mppo1'f fbe }o£lIr j>l'ogrnlll 's .. f1l1iddincs, TbcsL' actilJith's nNd projectI are ea1'rit:d 

(Jill lIIit" tbt.· assistnne!.' u,ftJl!o jJeI'JlMlli"I,t stnjfdi,'cctors alld proji:ssi(mn/s wbo 

n rtf (JssilJuC/1 fr()1J1 tbe centrnl ami opercI.tin .. f1 agcneit.·s for 12- to 18-mollth~. 

nJCJt.' p1'lJji:J.I·jounlJ bnJ,t· JII(l1'itill ... fI krwJIIlcdgc n/ta/mienl and Opt.'l'fltiollnl 

Tbt: po'mn ll ell t stnH'was (,'stablisht:d ill 1973 to prlJlJidt: c01Jt:imu:d.joclIs fl,nd 

support o/t.bl: Joint. Program's mission to imln'oJ1t:jinnncial nuwngcment, 

Wbi/,: GA () proJJidt:s ndmilliso'auJJe support for the Joint Progrnm, tbc operatilll1 COSlS nre sbared among tbe Suering Committee's member ngencies, 

A cbieJ'cmoJ t offillnllcinl mn,nngammt impr(}J'clI'lCtl ts dl.'pends heavily on tbe 

illtt:rest nnn nctille participatio1J ojpersoJl.ncljl"om. tht' ccn.n'nl and operatin.g 

ngcl/cit.'s. J EMfP plnys n. h:y ,-ole il1. mobilizing ,'csom'CC5 and coordinating 

coopL'rn.ril'c efforts. To fully acbit:-Jlc tbe "cccssa.ry coordillatiol1 and cooperation 

01l It dn.v-to-dn.v bnsis, tbe bend of cncb fedel"n/ age"tlC V designates n lin.ison 

"cp"esClitntillc to fFMIP. 

Ench n,Ilcncy liaisoll rcprcseutntipc is au i11tcgrnl part oftbe l oi"tlt Program, 

7]')eir dutit:s i1Jci"de sCrJlillg as the ft1'st C01JCa.ct poin.t for project ideas, recTuitill fJ mcmbc1'sfor pnJjcct W01"k, rL11it-jlJil1g ]FMJP swtiies and reports, collectin.g 

dnm fiJ r studics, n.11a disscmi1zatil1:!J illformntiou to otb,,'s withi1l their 

(J1~q(f.1lizaritms. 17ms, tb1'ough this commtl1licn.riotllblk, a c01ltinual dialogue 

is cstablisbcd amm1..t1 progrn.m anti central agencies' reprcSC'I1tatil1cs, 
Detniled funds cOlltroll,Cllt'l'nud 1I1l1lCCI!!isn 1"')' pn PL'rll'tJl'k n nd duplicntt' record kct'piu!J, 

GAO TREASURY AGENCY 

Now ... 

DCln ilt-d rL'C(lrds n 1'& Hot lupt at GA 0 n nd 7i't'nsul!'. Tn:a!iu:}' ilia intnills n t't''11 trn I n"nmn r:v iL'f{"L'r of n,ccollllts 

wlJilf t'nch ngt:nc:v mnintni'1u tlJi.' detail nccounlS, 

AGENCY TREASURY 
m ight ights of the Past 40 r ea rs 

( 1 948- /98 8) 

M any ,fUPJ bape been raJ,;n to i1llprrJl1c tf.1ui 1Uoncnli:.fjiuancin.l mnll(J. ..HL'1Jtt:l1t 

i1l r/Jf ....'10)1t'rU'1JtC1It (JIlt.,. the past 40 .,'m n', S(fJ1lljicn lit ,,')}fllntj()us bn Pi' (}CCIt rl"l:d 

111 central financial opt'rfltioJl$, neCOlll/till.tT. bur(quil1J], cnsb mnllfl,.'Tc}Jl.L'lIt mId 

Tbc mr/." ."t'a1"S oftllc Juhn Pro .. ..'lrtt.lU lI'inusscri SOUlL' J~fJl1ificnllt srridt..·s jn 1.:lim;-

IInCill/1 riult'-wnSltmil(fT and rillplicnriPt' n:spollsibilitiL"s i ll tllf nr,:a ofCt:/ttral 

finnr'ICial opcrati(lll.~ fl1'ld ncc()ltlltirJlf. Rcsp011!iibilitin' (~f'fJJt: Ct:1ItralJinancial 

a/lt.:lI cit's Ijlt.T/..' cinrijif:d, web ns mnilltniuillJl Cf1JtrnfllOJJcrlllllt.'llt nccomlts at 

("t' :m In 111m,' iel,d Il'ithin Tn:am ry; GA 0 tlllriirilJ,lT of tbt:lTOI'L'rI1 )}I(1Jt :\' trfl IISf","-

riollS at the t:tqcnc," 's jOin.: )Jlhid) eliminated tn:lIf1:udOlU duplicatio1J a.ud papcr 

brnne/] 1lnder tht' BllrwlI (lIthl' Bur(nl'f. AccUflJJtability}iJ1'jil1lds II'/H plnced at 

(Juli./,ations and ~'xpnJditlln'l'ji (ml t'xct.·cdill~q nppropriatiolls and npp07,ti{m -

mOtU, 

A mmtl1 the mallY projeCTS, tbe Joint PntfJ1"nm, ill conjunction with Ctnl.IP"cssionnl 

lTnj); assi:,Tcn ill uprintin...fJ nccOlt1ltillg and blldJlctill lJ le.Hislarion that resulted 

i1l cbt.' r"pfal ofl06 oJ(fda!t.'ff Inn'J, It} aJlocbLT t.:l1iciouy t.ffin·l. iT sWdy (J1f tbt' 

Ji:tTsibiliry[or tilL' fiSt' a/statisticnl mmpli11.!] techniques in n;,tfcl1cics' t.'xf1.flJinn -

lillll (~rrral1sncti()1IS rl'suiud in /ellislnrion nflrburi=.iull tilt' usc o.f'tlJf:s CfJJt-mpiJl,lT 

lulmiqlll:, Otbcr studit.'s WI't.Tt.'d n lI'itit.' nrt.'n f)fissm's nrut prob/e1lLs. inclfld;1'f~q 

tbe Ji"ftnl'iuJf topics: 

• /mproJ'ollt'lIt ofpruudlll't's ill prucllrin,H, pnyil1;..q and n.uditi'lIJl flamlutI 

Ill ith CfJmm(JlI carrit.TJjiJ1'Jh:tfTbt lJ.ud trnusporUttioll st.·r!,i'I.:J. 

• Simp/~fiarti(m (~rc:lniUJ.I' sl'ttlt-molf nctil'itic~·. 

• /lIcn'nscd fi }faucinl 1m i lIillJl fur pariolls s'n JTlt:l't:is. 

• Rcdlluiuu ofj"iunncinl mnnaJTL'IJIt.'lIl opI.-ratin ... fJ em-ts tbroll/TIJ aut(}mated 

data proccSJiull nnd IISI.' o/.I'tatiJtical mmplilllT. 

• /lIcl'oduuinll nIthe lISC oftbL' lata (~rcrcdil method o/fiullllciu .....',. 

• Cnsh mnNn/Toue1fr. 

qUCllt~l' lI'en: iucurpornud illfO central f1... IJL"ncics' direct;!'cs. 

• Simplijicnrioll oj'ill.tcm,[lc1fc,V "iUiu..', and collcction prtlccdttn's {/;r01l ... ,," 

t/;e electronic !rmulL'" (~r in/ol'1nn.tioll. 

• crtnblislnn,;n t ofJi1f,Hlc n1fd it ... qu ideli11CJ fiu' 7'cpicIIJJ fiffcdel'n.t /n JJds 

pr0l1idt:d tngrmJtus, COJltractors, and !tnte and iocalgol'crllmL'17ts. 
tfJ ft1crIicfZft' nnd nccmnplisb iU ... "on,ls nud objatipt.'s, It moniturs and ClJlJrdiillites coltrn/ n,H/.'ncit:s· ac.til·itt't.,s nnd po/ie.'V pro1ltuLfJO-tivlIs to avoid possibil 

rlln/lia, inctmsisl/.'IICY, fwd duplicatitm. As n clcnrin ..H bOIlSt: fOl'/ill(mcin/ 

i"jin'mntiull, the Joint Prugram /.'l1CtJlfI'nJJCS tb/.' sbn.ring and disst:Wltlntir)1J of 

tJJici/.'lIi:V O!l101'CrnlluJtt oprrnrifJ1ls. 

E1IIpba.riziu,H 1'/.'1UIPcd c()Opernri01J nud co()rdiut1ril1'1'1 ill filln ncin/ mant1/fclIu:nt 

impJ'OI't.'mctltJ, tbe fFA1lPprinripnh"fi'oJlJ, OlllfB, TrctulIl")" awf GAO issltt.'fi a 

joilll ml.'mm'nudum to hct1ds of t'XCL"lttiflt.' t1J1C'1lih'J smci1l .... " that impl'fll'ill/1 

}t'd.t.Tnlfint1ucinl mal1l1;flt'11101t S)'.ftOI/S is critiml to t:l1brwcing mnlln qcmo1t 

tfficit.'tIC,Y, 77)i)" AU/fuSt 1986 mcmurandum nLm nmJo1t1lud tht.' sbarcd JTfm!J' of 

Ilt.'ttt"r/innncial informa.tiol1 nnd imJI1'()jlcd fi:dt:rnl jilla1lCinJ J)',ITcms. 

ul'Jt:qllt!nt~Y, tbc JFNIIP StCL'ril1· ... fT CommittL'L' nppfOllcd SfJ'C1'nl majar illitin1"I'quirt:1I1cnts!or n.llC1lcyfinnl1cinl Jtlnlln .. "t:utt.'nt sys'ums, 77JI:Jt.' rcquirt:mfJlCJ 

lI'ac iSSllL'd ill JnUlla1,)1 /988 by tbL' ei" ltrnl jhlnJlcinl ngt:1'lciu n.ud J'1 bJ'L'q1tt:l1t~'V 

incurpol'ntcd into thdr standards, rt.:tTIdatirJus, nnd dir'ccript.'s. T1J'; Gt'llt'rnl 
,lIint' crift'ria jiJr iu pruett rnuo//. a warn se/Jen lilt' plr com mO'cinl accfJ1f'l1tin..'l 

soInllfl rt' pncJ.·n/lcs ]fIr Icdfrnl Jl0l'frll 111/.:1/' ItS;':. A not/n',. i 111rrn .. {fCuc.y task fora 

b(f1fln n srudy to dCI'dup ttl1qUl'm l't'fJltircHlt'IJtJ.liJl'finnucinl ill}O,.mnlioll 

P1"tJet·.l'sJ:d l~l'jj:dfralfiJlan.cial J'y.<:ulJts. 771iJ' ,I"lId."Jl()L'J IJt:wmd tIlL' u.s. Standnrd 

(,'ClhTal f ,,:r(qLT nnd rbi' fOI't.'jiunncial.l";'.I'tnn rCfJuirt'J1101t.r. It focust>· 011 

Jlrt'atL'1' l/Illformi!), oj"'IJlldJJu;ll:.tT nnd (l.cco/tnrin..,n injiw1"I'Ifltioll . 

I I/add irion to j t lin ncinl improl'L"tIJt:11f pJ'/~it:(u. Ib,. J FA" I P sp(m.mrs mnu.1' 

cdltrnrimlnl CtJ lIfiTOlL'fS. worksbopJ, fllld ji/nolls so tbat h:,' kndcrs ill tbe 

/illfl.llfinl mann,flelllL'JlI L'U1l1mltlliry tall mal and slmrf tbdr (xpaio/Ct's. AlI 

/lIlIal'dJ pro ... f1ram /}rJ1lori1J;,.f1 sOI.ior p1tblic sL'Ctorjillfl1Jciallt:ariL'1's wbo I:JflI1L' 

pl'lll'idl.'n n;,\·tiupui>iJen n1'ln ,l'lIstrr.i1u·rt 1,:nnc1'slJip ill fillallcinl mn1'lngclIl.C1'Jt 

im pruJ!oflt'1lt i.l· hdd l'aeh .1'£'n r. Apenc.,' "isilJ fl un mt:etillJIs wilh J F.4f I P a.re 

qt'11c.,':f JiliN 1't' plans. SU.!1f]csti()Jls for /lJtllrc ] PM I P projats n nn othcr idms 

fiJI' impl'OJIt'nIClItS art: also shared dlf1'ill~rr these lIlL,etill ... frS. 
\ .,' . flll'Ilt.I 'II-., .. '" .\\\ . '" .~ II"", .. I' ,oj" r " ".11. . 1'1"1:"11'11 

~'" 'I, " .. , ... 1.."'" 
W hite moniroring fll1cl'Icies ' financial ('IrJ fl~qcmCllt il'l'1 jJ'rOJICmC1'lt cfJ(n"ts) 

fFMI P acts as n ata~,'st and facilitates sucb impJ"OI1cmcnts iu a I'a11cry (~rlP(l. s. 

fFM IP includes the more n~qllifica l1t ngCllcy accowplisflmoJts in its annual 

report offinn.lIcial mnmtqcmcllt improvcmt:nts altmp wit" .[1011t:nmJClltll1idc 

Imlleti1'ls bi,llhliglJt the siglltficnrtt projuts 01' n.ctiJ'ztCJ in public sector /iuancin,l 

mann ... qt:ment. JFM IP also publishes its Spril1 ... q C(mfcrcnct! Proceedill.Hs and a 

dincto1"')' oj"st'niol'finnl1cin./ officials i1'1 the ji:tleratpOl't'rmllolt to assist in 

building n '1'u:tw(Jrkfor ,I'hari"",o-" ideas, In additio'll, tbe joi1ll Program_ partic;-

pates itl I'n.ri(JHof,llr(JupJ, .mel) as tbc ChitfFinancial Officcr.f Council, tbc 

Fcdc1"nL Finallcial Nfnnnpt'rs COlmcil, tht' Indcpt:11dt:nt A.[lt:.l1'.V Fimmcinl 

iWal1aJfcrs Council, nnd rhL' Nntionalllltt'r.Hol'CnWIL'1Jtal Audit Fonm/, tl) hep 

abreast olelln"all Il1u(crtnkin .. l]s i 'n tilt' financinl mnnalTt:HlCut CfJtmnulIity. 

[l u" re nt Init ia t i v es and Fu tttYC 

Di r ection of fFMIP 

C urrent Initiatives 

As Jtntt'li. p7'/J.I'iousl)', tliree of tbe j FlU 1 P principa,Lr t:mplmsizcd tlmt priority 

t'fforts sbullid COl/centrotL' U11 mod.:r1'lizinll o/fi.'dt:l'nlfiuoucial S')'stcms owi 

stolldnrdi:::.in ... '1 offillrmcial infurmntion , A.I' n jiJl/ow-up to tbe core jinancial 

ryston l't'fJllirClm:lIts project, frllutha iltitinti!'e foc uus 011 thl:jimctiollal 

rCIJ1t il'oncllts fin- pe1'JfJlIlld/ pa:o'ot! .f)',rtcm s, /.:v,pan.din/llJlI p"jOY II'OJ'4' oftllc 

Prc.l'ide1It's emmeil ()11 [aJJ(flTaUL'llr impl'O)lClllfllt. IFNIl]> ",iii issJle tbt'st' 

rt:lJll iremt:1lts as a companio1'J dnCU1J-lt'llt to the cort' l'I:quh'/.'wellts. Future 

cxpnns':oll wilt i'Jclltdt' other m'ms identl/ied ~" pl'o ... fTJ'mn ll ... ITt:neics (lJ m:cdil1 .. £1 

atfl:1Jtio1J, meh as trn lid mannlTcmt.:nt and proper!)' mauDllemt'1U S')'stcms. 

In 1988, au illtcrn .. tTt'lIC,1' project tmm bCJ1(w rtl'itll'i1l..'1 basic data nuds and 

CUITCH' "L'qlJi,'cmrutJ for proCL'JJiIJ...'l ji:dc1'nl jillnncinL maua..tJcmcnt infiJ 7'mat;01l . T7Jf.' ouj!'Ctillc is tostantinrtiiz,. terms nnd (hji.niriIJ1I.I' and 11'linimllm 

illjiJnnntioll rt''lltirt'mc1Jts, JO ebat prrYlrnw aJfflJcit.:J can t' ''L·Jl.tllal~l' U'nn.l'I11.':' 

stnndnrdi=ed dam dt.'1IJ.e1JC,f clt'ct1'(mieal~,' to tbt: eL'utl'al n.lJt7lcit's, in liCit of 

submittiuJT mricrc1J ",'ports. A standard informatio1J cLassiJicntioll structurcJ as 

fi:asiblt-, will bc developed. ProJ,;ctcd benefits [rom Ibis standnrdi:::.ntioll t.ffort 

include a bater intcllratio1J oflmd ... qet fl.1ld acc(JlI11 tin..'T J)'JtOIU nud a bllildin __ 1T 

blvd' tO ll'ardJ datn nrcbitt'Cfttrt, fl.lId d.atn-ba.\·t:d l~'stnus. 
proji'.I'.\·iollul (llueation trfJ in ill.f! plau for fcd,:rnL aU()U'l'1 tants (GS-510 series), 

H.1' idclllifyilllf nccouNtants' trniuinJJ nceds nnd crcatinp fl cort: wl'ltiuuinl' 

cducntioll cnrriculum, tbe' taJmicn./ nud 1n.anapt'Tinl Crnnpafllcy offcdtTal 

opt:l'(1.riolls, -nJf trainin .. lJ rqlOrt will ji}clIS education efforts 011 major fcdt!1'al 

Jtnndn rds, ,l'lIch nJ npproprintiOtllnll', ncc01tllthYl stnndards, aud antraL 

(uinptt:d by GlIOlcics to n.ddraJ tbt:ir own 'n.eeds, 
Future Direction 

I mprrll1inJl.finn:ncini mallf1,l1cmcnt is f1 am/iunal tjj(l1"t. 77Jf1T nn: man.1' 

oppnrrunitiu.f(Jr nccmup!i!ilmu:lIt!i in tbis nn,:tl. 77Jf Joint PnLf,rnm bns !if/'anl 

major iuitintillt:s 1I1zricrJllf1Y to I1chifl'C bt:ttLTftuallcinl il1/ormntiIJII nnd 

impr(lIlfd jiuflllcinl mnn.all011t'nt .f)'stoUJ. Bt'tterliuflucinl iujiwmatir)U is n 

Jllj(Jrmntinl1 ftnlldarrii:;atiou, nlm(.ff witiJ unifnrm finnncial ~!'.ftcm.f rl'quil'cfinancial and /l1ui...lft:tnry illjiJnunrill1l. 111 additiou, c,:J/trnl fl .. fft:nc:v officials 

will bt' ablf w obtni1J (11ln~wcs oj'Jrnnrinrn Jil/nndn! illji)1'1I1f1tioJl nC1'Im 

OI:rrnlli::JJtioun/liut.'S withi" all agt.'n'.,' as II'cll as tb1'fJlI .. rrlJ(J/f1 tbt· .. ..'J0l'Crl1mcut. 

,I)'j'tfms. hiJ'!lJry is J't'peatill/1 itsdf Fedt."rnlftnnucinl mn.nf1/1t'1ut:nt is nt a crossrunn.\· .l'imilnr to tlJt'lntt.' lY40.r sitllatioIJ. AnrifJllnteri nun ji'n~ffmt',}ltt:d federal 

jinn1lcinl.f)',l"tt'1l1S 11111st be 1IIodc7·ui=.cd, So tbat arcurntf nud timc~Y.fiun.'lJcinl 

i1JjormntifJlI call be pro)liricri to duiJio1l1nnL'cys. The Joint Program must pn." 

mort' nrtt:lltioll til straugi, plullllinJl and sa IUll~q-l'(ln.!JeJ,(}nLf.fo"filla"cinl 

mnllngom:nt imprOIJClJlflltS. 
Stf/fIlJicnnljinnncin/ mer,lla/leu/CHt c1mllt:n~qcs arc encmmtcred b,yallJl()VeJ'u· 

went m~qani::.ati(ms. ]FMIP will continue to serpe as a Cl1 la~VSr 1111d to support 

and nssi,11 in mudt.'rllizl1tiotl LiJorts Sf) thatfillnllcial i1'ljin",'nnri01J Ut~ds of 

mann.lltT," art' m·t't. J FA4 J P bas CIU()1I1'a ... lJt:d and looks fiJrlJlard ttJ nssi.fting the 

CbicfFinartrinJ 0fficL'1'S Council in dcPI.·lopin .... t1 a b1"o(ui lOll ... q-mnge pla'l'l.jol' 

A /tim'll/; the /987 erca,tio" oft",· CiJief Fi1lfInciai Officer (CFO) oftbe US. 

fwd rbc CFO Coullcil plaud l1101'C fncus em fiuancial mallfT;..fJi.·mt..·nt improveuU'nu, mUl'e still has to be d01U. JFM I P expet:ts to continuf work 011 standardi-

:,n.ti01l ufillJormation requirentt'1JrJ ann Jystems modt·rn.izat£tm, Anotller fl.n:a· 

of COllCClItrnrif)}J mill be facilitn.tinJ7 tI:Jt· I'tso/utio1J oflmmnn ,'t'SOlfrCf issu.t!~·. 

ProieJ'Sirmai dt'pt:lupl1u:nt needs of n,auuttrnnts arc bt..'il1 .... q addressed, but 1tmcb 

'Tn-ort: ?utd.l· trJ be d01J.e in other area.\', iucludi'flg I'L'c1'uitmcnt cmd retention of 

proji:ssilJrtnlly qualified final1cinl mnrtngc11JCnt pt·rso1Ul.eL. Tbt.:future of the 

coutltry:" financial bca.ltb depends (111 what is done CJl.1Te'1'lt~v to address lucdcd 

finaucia/l1'lllnn:.t!C1Ilcnt improvements. 
Th,: Joint Program 1fJ:!JCS Yl!uCll'l!d c01l1minm:nt to lFMIP)sgon./s of improving 

federal fhllrllcinl mallngeu1-Cllt. All finnl1cial management personnel a7'C kc.y to 

uutkjll,9 s1Ich iit.turt: pro,91'csS. 1'1)& joint P1"() .. "ram lookJ f0 1'JJ1at'd to IIJ{J7'kin .. fJ with 

J'Off. in the}'c fittlt1'C c1'ldctr IJ{Jr~·. 
Timcft-amc 

1950 

1950-19-'4 

19S0· 195"6 

19.>7 

1960-1963 

1963 

1964 

1968 

1968- 1972 

J 97(J+ 

} f}72. 

197.1. 

[076 

1977 

/ 978 

1978-1980 

1978 

1979 

1979 

1979 

1980 

1948 

111/11( flJrt"r'OIll'III 

IlIilif't'II// jillnucinl 

ImpJ"IIJ'/'''UtlfJ 

1950 

UlfdJrI"t f11J(f 

A((I!llIlIin .. "Act 

ImP pc It d;x A 

Li s t of Pro je cts ,n which tbe IFMIP Was 

Involv e d a s 11litiato'l" or Participallt 

1948 - 1988 

S1tbject 

HIII!..",.r Iflla .4((tJll 1lfHl ... fl Act of 1950 

I mprlll'f/l basis JOI' couml arCOIf1lTil1kfJ 

SllIIl'lJjial U llnYII/i,lldill/1 /lnlaiel'S 

:t) flllidntIlJIII{pa:~IIIt"'r 11114 rUlluri/iaf;(JI/ noh,j/l/"S 

.\tfmirl"ni=.ntj(J Illlf nlfnI1illll ucJmlqucs 

')'latlS"rnl snmpl"(fJ pnl((dllrU pfl'w;nrd 'IJ Pllblic l.all' 88-521 

l...l'urr Il}'crcdit ennuI" promoled jill" mnJ.:ill,1I ndl'nlju pn.l'lIIt'lIfS /(IJ rnll/~'t~ a",( Cfmtrnrtors 

ItHO'..'TIII'crumt'Ilwi C(JllPI'rtUitnl Act IIf 19f1S 

Simplifkd illtrrVrtJl'tTIl1Ill"Iltal BillillB ami C.,liafilJII (SlnAC) S:vsrr.m 

C'lmfi:roJi'1' flU Fjllflminl Mallll/}OIJ(tI( Imprlll'om:1IfJ (C/J1/jcrt'lltcs held nIlJl/IfI'~\' III dnft') 

F;ljflllcml Mallff/ltTS IJi/'uf/Jry ( First .vrar, plI""sbt'd bit"lI1ia/~y) 

IF.H 1/' i ll/d.l' 1m mlmey II/f.1If1!,emOIl 

IF.H 11' II'flrkslmps (m /MII nUOfJ1lli".11 fJSUIIIS fwd/aleri of en'dit 

FiuallClfll malln,,.,,:m,;,,, S:O'U11I cbeck/lSt 

Stlfd",' "ltd Report 1m rb,' R,J[,- aud RUPMlSibilitiu oj"CtTtifi.ill.lf aud nisbllrJj"Jr Officers 

Alltlu Imprfll'(lIIt"t /{"P""I 

1952 

(:If1l'ijimtillll IIf n"Ilt1"(/ f 

a.lfl"lley}il/nucinf 

,.cJptfllsibtfltu's 

1956 

SimpliJh'd co/tm/ 

[twdillll {Jlllt clll ims 

.fCrrkmOII 

1963 1964 

Mllda ll jwrilm of l.t' f!tl· IIfcrtdil illiriawf 

nudirill ... lf rccJmif[lus' Jor ndl'nllu paym';UfJ lI! 

it:lfislnliflll filr 

sUfli5(irnl snmplHI/I 

l'rtlllttrS MId cmlfrncton 
Timeframe 

1981 

1981 

1981 

1981 

1982 

1982 

1982 

1982 

1982 

1982 

198.1 

1983 

1983 

SlIbject 

Fillnllt"tnll-lllndluwL' j;". Nlmjillflllfini EwclIlil','! ill fh,' fl'tt/'ml (;/JI'O'IW/OII 

S"'l,/f :4l1du Implt'll/olllJ/1II1I 

SIIII(r 1111 rill' US,. uf,\/Illisrimi SlIIlIplwp 1'''''''L'dmn 

St lld~ 1111 th,. l !sf ,!(fJn r-(,'lId,Il!1 "/i't/)IIlIh!lJ.l' 

,"H'U~r:t'nlllnt /lm ('lIlfh'.lor PI"IIPlTt~' Mffllfll 1011f111 .\\'f/om 

1984 Smt fill Jmlll Sl nfc/ Prdl'1'nl Grsb M I/lJa! ' fIllOJf R.jimll TasL' l-il1"rf 

1984 IE\! f P P""'Unfl/lII ,m ~ Fi1lflllftlil ,\(II II(I.lInlloll Dlltn Ras ... f)/'pnrmulltll/< 'fllllIlItT"" 

1984 Ftmlllonl Htwdbonk Jor Fulrrnl .Hnml/u.,..f 

1984 

198.5 ,\I(I)"r Alro/CII's AUUlllltl1Jl1.\1'StoIlJ IIrlljilo 

1986 \';flU /II pnt'fltf saw,. CIWP'WffIWIlS jill' pnrnlJd IIJJll1IJrs HI 

1986 

1986- 1988 Cm'" FIIII'/f'1l1l '~"fu m ROII/ IUm,.II's (n llfll1llf1 f1'd >')'f(,'/IIS m(l(iO'lIl:.il flllllJ 

1987 (ijJ:,J,( .. '\hd( \ lIjtJl'n 1',' SOIU Jill/" ,,.n,'s 

1988-/989 fI·d .. rnl (;,\ -5111 AC(fllllIlIlIlU' "['ramlll.'1 Rl'pllrl 

1988-1989 

1989 

1968 1972 1978 

ll1rrnl flll'(Ml - ,'Hmpbj;(d IItrrall'll'- ens" mallnll,.,11,.", 

mOllnl C:UUP(rtJilllll trmlltllttl/ RII/wl1 fllld IItll,'r lI'11rL-sbllp' 

A(( alld (.'/I/{,;((",I/ 

(SIIVI( ;) s: SW/l 

1980 1982 

Rtpurr. Rlllo(wd ,'>lII.ni,'alldu 

R,'splJlwb,bus I~" Imp/I'III"IIl1Jtlll" 

( 'aup'lI/.n (~mi'tI'S 

1986 

C/II',' ,;lIall(lII/ 

Jy.'lrlll 

I'a/IfIl',-Wi'II(S 

1988 

,\lalldard,::.n -

film IlIda'IJ 

dl'IIIt'IHS 
Principals 

Cha,"les A. Bomsher 

Cnwptr(}Licr GClIcml 

oflb .. United States 

Nicholas F. Brady 

SarL'rnry {Jftllt: TrcnS1I":V 

Co"stnncc Horner 

Director, Ufficc of PL'rs(JIwd 

1\;/ nil nlT/.'lIIl.'ll r 

James c. Miller, III 

Dirt'Ctor, Office of.Mnn"-..QclIIt.·u, 

and RIU{m:r 

m pp e ndix B 

Ke y Offic ial s And St a ff O f JFMIP 

Durin g the 40th Y ear, 1988 

Steering Committee 

Dc,,,, is C. Boyd 

(U1I,iI4188) 

Dcpllf')' As,r;,11nnt DiralOr fur 

Mann..',emclIl improl1cmellt, Office 

of.~ lnllnlla"t:llI ami Budget 

Jimmie D. Byoum 

(1',."", -1/88) 

ChiLj: Financial Systems and 

Policy 8m ncb. Uffice of 

i\tfnllfl.Hcmt.'IIf. and But{lfct 

Gerald Murphy 

Fiscnl As.r;JtlUJt Secretn", 

Dcpnl'tmt!IJr ()fTrcnSltry 

Ma,,·k J. Ban,cs 

AJ'S(Jcintt' Dirator Jin' A dmilli.rtrn.rioJl 

OffiCI.' of PersoJlnel Management 

Frederick Wolf 

A.tnSrflllf CtmtptrolleT Gcneral 

[or Account;"..', and Ft'nntlcial 

ft'/nnflJ1,'mclll, GC.'llcrnl 

Accu llll rin_~ Officr 

Derwis J. Fischer 

Depltty Amrtnnr Sccrctaryfoy 

Finnn", DI:pnrtlllcnt of Hen/til 

and Humnll Sfl1'ius 

Virgi1lin B. Robi 1ls01J 

Ex,;cnrilJc Dirt'CttJr 

Jflint Finnllcin/ Mnllff ... qcnulIt 

Imp" o)le1UoJt Pro...qrnm 

Per",aneTIt Staff 

Vi,:ginia B. RobillSO" 

£~ectltiJ)t Director 

Doris Chew 

Ab'isrnnl Execut;ltc Director 

KC1J.1lCth Wi,J ne 

Scnio1' Project Director 

MeXatldrn Hnmmolld 

£"CCcutilJC Secretary 

jaclJ"elitle Ricbardsotl 

Sccretay)' 

Detailed Project Di,·cct .. 'Y 

Shirley Robins .. , 

(UnriIBI 8S) 

Department ofTrclJ.mry 

Darleru R. Scholl.!Jalln 

(From 8188) 

Depnrtmculo[7'rensul"J 

Otto Williams 

(UllriI8IB8) 

Genera.! Accormtill,ll Office 

Juditb A. FucrstCllbcr.!J 

(From 8188) 

Genera.! AccolIlJtilJ!1 Office