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Monday, February 04, 2008

OMB Federal Financial Management Report 2008

The Office of Federal Financial Management within the Office of Management and Budget has developed a "Framework for Improving Financial Performance" to provide direction and clarity on how the President’s improvement goals for financial management will be met. This "Framework" is the subject of this Federal Financial Management Report 2008 ("the Report") and also fulfills the Office of Federal Financial Management’s requirement, under section 301(a) of the Chief Financial Officers Act of 1990 (CFO Act) (Pub. L. No. 101-576) (codified at 31 U.S.C. 3512(a)), for providing Congress and the financial management community with a Government-wide "Five-Year" financial management plan and status report.

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