Chief Financial Officers Council: Difference between revisions

Latest revision as of 00:49, 4 January 2025

Stored: Chief Financial Officers Council

Chief Financial Officers Council
Type:	Boards, Commissions, and Committees
Parent organization:
Top organization:
Employees:
Executive:	Chairperson (Deputy Director for Management, OMB)
Budget:
Address:	725 17th St NW, Washington, DC 20006
Website:	https://www.cfo.gov/
Creation Legislation:	Chief Financial Officers Act of 1990
Wikipedia:	Chief Financial Officers Council

Chief Financial Officers Council

This map created from a Cargo query (Purge)

Mission
To improve financial management across the federal government by coordinating financial policies, sharing best practices, and enhancing the capability of financial management systems; to promote accountability, transparency, and efficiency in financial operations.

Services
Policy Coordination; Financial Management Standards; Training and Development

Regulations

Chief Financial Officers Council (CFOC) is an interagency body established to enhance financial management practices, promote government-wide financial management improvements, and support the professional development of federal financial officers.

Official Site

Mission

The mission of the CFOC is to lead and coordinate efforts to improve financial management within the federal government. It focuses on standardizing financial practices, developing and implementing financial management policies, and ensuring that federal agencies have the tools and knowledge to manage their finances effectively, transparently, and efficiently.

Parent organization

The CFOC operates under the oversight of the Office of Management and Budget (OMB) within the Executive Office of the President but does not have a traditional parent organization.

Legislation

The CFOC was established by the Chief Financial Officers Act of 1990, which aimed at improving financial management and accountability in federal agencies.

Partners

Office of Federal Financial Management (OFFM), OMB
Department of the Treasury
Federal agencies through their Chief Financial Officers (CFOs)

Number of employees

The CFOC does not have employees in the conventional sense; it consists of the CFOs and Deputy CFOs from major federal agencies.

Organization structure

Council Members include the CFOs and Deputy CFOs of covered executive agencies, chaired by the OMB's Deputy Director for Management.
Committees and Working Groups focus on specific financial management issues.
Liaison with Other Councils like the Chief Information Officers Council for integrated government-wide initiatives.

List of programs

Financial Systems Modernization
Training and Professional Development for Federal Financial Managers
Financial Management Policy Development
Data Standardization and Reporting

Last total enacted budget

The CFOC does not have a separate budget; its activities are supported through the resources of its members' agencies.

Leader

The CFOC is chaired by the Deputy Director for Management of the Office of Management and Budget.

Services provided

The CFOC provides services by facilitating the exchange of best practices, developing policies to improve financial management, offering training for financial professionals, and coordinating efforts to modernize financial systems. It also plays a role in setting government-wide standards for financial reporting and accountability.

Regulations overseen

While the CFOC does not directly oversee regulations, it influences federal financial management practices through recommendations and by advising on the development of financial regulations.

Headquarters address

725 17th St NW, Washington, DC 20006 (Address for the Office of Management and Budget)

Website

https://www.cfo.gov/

Wikipedia article

wikipedia:Chief Financial Officers Council

External links

@@ Line 1: / Line 1: @@
 {{Organization
-|OrganizationName=Federal Aviation Administration
+|OrganizationName=Chief Financial Officers Council
-|OrganizationType=Government
+|OrganizationType=Boards, Commissions, and Committees
-|Mission=To provide the safest, most efficient aerospace system in the world; ensuring the safety of civil aviation is the highest priority.
+|Mission=To improve financial management across the federal government by coordinating financial policies, sharing best practices, and enhancing the capability of financial management systems; to promote accountability, transparency, and efficiency in financial operations.
-|OrganizationExecutive=Michael Whitaker, Administrator
+|CreationLegislation=Chief Financial Officers Act of 1990
-|Employees=45,000
+|OrganizationExecutive=Chairperson (Deputy Director for Management, OMB)
-|Budget=$17.5 billion (Fiscal Year 2023)
+|Services=Policy Coordination; Financial Management Standards; Training and Development
-|Website=https://www.faa.gov/
+|HeadquartersLocation=38.89969, -77.03873
-|Services=Air Traffic Control; Aviation Safety; Airspace Management
+|HeadquartersAddress=725 17th St NW, Washington, DC 20006
-|ParentOrganization=United States Department of Transportation
+|Website=https://www.cfo.gov/
-|CreationLegislation=[[Federal Aviation Act of 1958]]
-|Regulations=14 CFR Parts 1-199
-|HeadquartersLocation=38.890759, -77.024418
-|HeadquartersAddress=800 Independence Avenue SW, Washington, DC 20591
 }}
+'''Chief Financial Officers Council (CFOC)''' is an interagency body established to enhance financial management practices, promote government-wide financial management improvements, and support the professional development of federal financial officers.
-'''Federal Aviation Administration (FAA)''' is an agency within the United States government responsible for regulating all aspects of civil aviation in the U.S. Its primary purpose is to ensure the safety, efficiency, and security of the national airspace system.
+{{Official URL (simple)|url=https://www.cfo.gov/}}
-{{Official URL (simple)|url=https://www.faa.gov/}}
 ==Mission==
-The Federal Aviation Administration's mission is to provide the safest, most efficient aerospace system in the world. This includes ensuring the safety of civil aviation as its highest priority, promoting the development of aviation technology, and advancing the security of the national airspace system.
+The mission of the CFOC is to lead and coordinate efforts to improve financial management within the federal government. It focuses on standardizing financial practices, developing and implementing financial management policies, and ensuring that federal agencies have the tools and knowledge to manage their finances effectively, transparently, and efficiently.
 ==Parent organization==
-The FAA is part of the [[United States Department of Transportation]], which oversees various transportation-related programs and services including highway planning, rail, transit, air, and maritime transportation.
+The CFOC operates under the oversight of the Office of Management and Budget (OMB) within the Executive Office of the President but does not have a traditional parent organization.
 ==Legislation==
-The FAA was created by the [[Federal Aviation Act of 1958]], which established the agency to manage and regulate civil aviation in the United States.
+The CFOC was established by the [[Chief Financial Officers Act of 1990]], which aimed at improving financial management and accountability in federal agencies.
 ==Partners==
-* [[National Aeronautics and Space Administration (NASA)]]
+* Office of Federal Financial Management (OFFM), OMB
-* [[European Aviation Safety Agency (EASA)]]
+* Department of the Treasury
-* [[International Civil Aviation Organization (ICAO)]]
+* Federal agencies through their Chief Financial Officers (CFOs)
 ==Number of employees==
-The FAA employs approximately 45,000 people.
+The CFOC does not have employees in the conventional sense; it consists of the CFOs and Deputy CFOs from major federal agencies.
 ==Organization structure==
-*'''Air Traffic Organization (ATO)''' manages the national airspace system including air traffic control services.
+*'''Council Members''' include the CFOs and Deputy CFOs of covered executive agencies, chaired by the OMB's Deputy Director for Management.
-*'''Aviation Safety Organization''' focuses on ensuring the safety of aviation operations through regulations, inspections, and certifications.
+*'''Committees and Working Groups''' focus on specific financial management issues.
-*'''Commercial Space Transportation''' oversees the licensing and regulation of commercial space launches and re-entries.
+*'''Liaison with Other Councils''' like the Chief Information Officers Council for integrated government-wide initiatives.
 ==List of programs==
-* Air Traffic Control
+* Financial Systems Modernization
-* Airport Improvement Program
+* Training and Professional Development for Federal Financial Managers
-* Aviation Safety Programs
+* Financial Management Policy Development
-* Next Generation Air Transportation System (NextGen)
+* Data Standardization and Reporting
 ==Last total enacted budget==
-The last total enacted budget for the FAA was $17.5 billion for Fiscal Year 2023.
+The CFOC does not have a separate budget; its activities are supported through the resources of its members' agencies.
 ==Leader==
-Michael Whitaker serves as the Administrator of the FAA.
+The CFOC is chaired by the Deputy Director for Management of the Office of Management and Budget.
 ==Services provided==
-The FAA provides services related to air traffic control, aviation safety, certification of aircraft, pilots, and airports, as well as managing the national airspace system. It also engages in research and development for improving aviation technologies and procedures.
+The CFOC provides services by facilitating the exchange of best practices, developing policies to improve financial management, offering training for financial professionals, and coordinating efforts to modernize financial systems. It also plays a role in setting government-wide standards for financial reporting and accountability.
 ==Regulations overseen==
-The FAA oversees a wide array of regulations under Title 14 of the Code of Federal Regulations (14 CFR), which include but are not limited to aircraft certification, operation of aircraft, airmen certification, and air traffic and general operating rules to ensure safety and efficiency in aviation.
+While the CFOC does not directly oversee regulations, it influences federal financial management practices through recommendations and by advising on the development of financial regulations.
 ==Headquarters address==
-Independence Avenue SW, Washington, DC 20591
+17th St NW, Washington, DC 20006 (Address for the Office of Management and Budget)
 ==Website==
-https://www.faa.gov/
+https://www.cfo.gov/
 ==Wikipedia article==
-[[wikipedia:Federal Aviation Administration]]
+[[wikipedia:Chief Financial Officers Council]]
-<references />
+==External links==
-<references>
+* https://www.cfo.gov/
-<ref>https://www.faa.gov/</ref>
+* https://www.whitehouse.gov/omb/management/
-<ref>https://www.transportation.gov/</ref>
+* https://www.fiscal.treasury.gov/
-<ref>https://www.faa.gov/about/plans_reports/media/FY2023_Budget_Estimates.pdf</ref>
-</references>
-[[Category:United States Department of Transportation]]
+[[Category:Office of Management and Budget]]