What is the Department of Agriculture (USDA)?
In 2016, VA chose USDA over Treasury, The USDA contracted ended on April 6th. in late 2017 UDSA made a decision to severance the VA contract. VA is working with the Vendor CGI for Momentum. They are part of the FIT-GAP Work group working with VA Stakeholders.
This 2006 congressional action resulted in the creation of the OI&T organization.
What is the Financial Policy Steering Committee (FPSC)? The Assistant Secretary for Management /Chief Financial Officer (CFO) oversees all financial management activities relating to the Department’s programs and operations, as required by the Chief Financial Officers Act of 1990 In order to maintain an updated library of financial policy, the Financial Policy Steering Committee (FPSC) is established to assist the VA CFO and all VA financial organizations in implementing and adhering to uniform financial policies and procedures. These policies and procedures will ensure common business practices across all VA operations and that these processes are being accounted for and reported in a similar fashion. In addition, the library of financial policy and procedures is used to ensure that the additional functions required by the CFO Act are maintained in the accounting and financial systems.
This is the dollar threshold where individuals can file for reimbursement without an accompanied receipt.
What is $75. Travelers may request reimbursement for miscellaneous travel expenses under $75 without a receipt, except for items required by policy such as airline baggage fees and gas receipts associated with a rental car.
Board to establish iFAMS
What is Financial Management Business Transformation Program Advisory Board. (FMBT). ?
Financial Management Transformation Service (FMTS) is leading the Department’s Financial Management Business Transformation (FMBT) program. This initiative aligns with Office of Management and Budget (OMB) M13-08, Improving Financial Systems through Shared Services and supports the VA’s strategic objective to “Enhance Productivity and Improve the Efficiency of the Provision of Veteran Benefits and Services.” The FMBT program intends to provide a comprehensive financial management system that enables VA to meet financial management goals and objectives and compliance with financial management legislation and directives.
The VA Policy Directive that revised the original IT-Non-IT policy.
What is GTAS -
Government wide Treasury Account Symbol Adjusted Trail Balance? GTAS is used by agencies to report budget execution and proprietary financial reporting to Treasury and OMB quarter. GTAS uses the CGAC structures. FACTS I/II was replaced by the Government wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) 2012. It was slated to go into production December 2013. GTAS was also developed under the CGAC structure and streamlines agency reporting.
What is to improve Fiscal Accountability? What is to improve Financial Reporting? What is to Update old/outdated/Legacy Financial System?
This is how much it is costing
•$122 million for Financial Management Business Transformation (FMBT).
•$381 million for new IT development to replace certain mission critical legacy systems.
What are Budget Object Codes (BOC)?
BOC 31 OIT Equipment / 30 Acquisition of Assets
What are internal controls? Good controls safeguard assets, promote efficiency, encourage compliance with laws and regulations , provide reliable information, and seek to eliminate waste, fraud, and abuse.
*Daily Double*
This agency administers the overall implementation of the government charge card program and works to maintain and issue the Federal Acquisition Regulations or FAR.
The objective of the Accounting Classification Structure? (ACS)