THE U.S. CHIEF FINANCIAL OFFICERS COUNCIL

The U.S. Chief Financial Officers Council is an organization of the CFOs and Deputy CFOs of the largest Federal agencies, senior officials of the Office of Management and Budget and the Department of the Treasury who work collaboratively to improve financial management in the U.S. Government.

VISION STATEMENT

Enabling Government to Work Better and Cost Less Requires Program and Financial Managers--Working in Partnership Using Modern Management Techniques and Integrated Financial Management Systems--To Ensure the Integrity of Information, Make Decisions and Measure Performance to Achieve Desirable Outcomes and Real Cost Effectiveness.

GOALS and STRATEGIES

(1) To Provide Leadership to Promote the Efficient Management of Government Resources and Assets

Improve accountability by ensuring that management control is a day-to-day process;
Create a culture that demands quality financial management by marketing its vision at all levels;
Create an atmosphere that provides incentives, eliminates impediments, and encourages responsible risk taking;
Build a partnership to ensure the functioning together of information resource management, program management, and financial management, including budgeting; and
Attract, retain and develop highly qualified financial individuals who are valued members of the management team.

(2) To Provide Quality Financial Services to Customers Based on Their Needs

Change the view of financial management from solely control to service;
Establish customer orientation within organizations through a partnership between financial and program managers;
Fully identify customer needs by involving customers;
Commit to achieving high standards of customer financial services through continuous improvement;
Help customers restructure their work processes in order to more efficiently achieve their service objectives.

(3) To Provide Complete and Useful Financial Information on Federal Government Operations Which Fully Supports Financial and Performance Reporting

Establish standards and definitions;
Create a system for integrating performance measures, cost information and financial reporting;
Establish integrated government financial management systems which minimize data entry and human intervention;
Provide cost-effective reporting, analysis and advice which are interactive, timely, reliable, user friendly and fully satisfy user needs.

(4) To Establish a Government-wide Framework to Provide Sound Financial Policies and Services and to Facilitate Effective Communication

Improve the integration between the budget and management functions within the Government;
Re-examine functions and improve the coordination among OMB, Treasury and GAO;
Improve and expand collaboration, cross servicing and user-friendly outreach within and among government organizations;
Strengthen the partnership between the Executive Branch and Congress to improve financial management.