Office of Federal Financial Management

Office of Federal Financial Management
Agency overview

Formed	1990
Preceding agency	Office of Management and Budget
Headquarters	New Executive Office Building
Parent agency	Office of Management and Budget
Website	Office of Federal Financial Management

The Office of Federal Financial Management (OFFM) is a component of the United States Office of Management and Budget (OMB), which is part of the Executive Office of the President of the United States (EOP).

The President of the United States appoints the controller, who serves as the chief officer of OFFM. The current acting OFFM Controller is John C. Pasquantino.

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Organization

OFFM is made up of two branches: the Management Controls and Assistance Branch and the Accountability, Performance and Reporting Branch.

Mission and responsibilities

OFFM's mission is to support the effective and transparent use of Federal financial resources. OFFM's responsibilities includes implementing the financial management priorities of the President, establishing government-wide financial management policies of executive agencies and carrying out the financial management functions of the CFO Act of 1990.

OFFM's priorities include transparency and data management, shared services, real property, improper payments, grants management, internal control, federal financial reporting, debt collection and charge cards.

History

OFFM was established by the Chief Financial Officers Act (CFO Act) of 1990.

External links

Official website

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This page was last edited on 27 February 2024, at 12:23

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