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Wednesday, July 13, 2005

OMB releases final budget guidance

Circular A-11, final guidance for agency fiscal 2007 budget preparations, sent out by the Office of Management and Budget in late June contains guidance on financial management, requires agencies covered by the Chief Financial Officers Act to submit an overview of their financial management systems. Included in the overview should be a migration strategy to a cross-agency financial management service center, the circular states.

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