Chief Financial Officers Council

Chief Financial Officers Council
Type:	Boards, Commissions, and Committees
Parent 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