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Federal Financial Transparency, Accountability, & Integrity The Digital Accountability and Transparency Act, H.R. 2146 IH Volume 4 Decision Making Virtual.

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Presentation on theme: "Federal Financial Transparency, Accountability, & Integrity The Digital Accountability and Transparency Act, H.R. 2146 IH Volume 4 Decision Making Virtual."— Presentation transcript:

1 Federal Financial Transparency, Accountability, & Integrity The Digital Accountability and Transparency Act, H.R IH Volume 4 Decision Making Virtual & Consolidated Financial Data Repository

2 Federal Financial Transparency, Accountability, & Integrity Decision Making

3 Federal Financial Transparency, Accountability, & Integrity Decision Making Transparency Single Financial Data Repository Financial Analysis Public Internet Access Accountability Independent-Data Act Audit Reporting Financial Reporting Performance Reporting Integrity Financial Literacy Near Term–CPE Training Long Term-Federal Financial Management Institute Government Accountability Office Independent Agency Office of Management & Budget Executive Branch Data Act Financial Board Independent Agency Treasury Department Executive Branch Congress Legislative Branch Whitehouse Executive Branch

4 National Archives & Records Administration & Library of Congress Federal Government Departments & Agencies Federal Financial Management Board Virtual & Consolidated Financial Data Repository Virtual Financial Data Repository Data integration Information Sharing High Volume Data Processing Real Time and Historical Analytics Rapid Deployment Loads information "as is“ and indexes everything Enables information to be loaded/updated and queried in real-time Repurpose information trapped in existing silos Make information more accessible and more relevant Improve collaboration and decision-making Utilizes relevancy ranking and text analytics to disambiguate Virtual & Consolidated Financial Data Repository Public & Public Sector Decision Makers Federal Financial Management Board (FFMB) GAO, OMB, CBO, FSOC, & Treasury Department Federal Government Departments & Agencies Consolidated Financial Data Repository Thomson Reuters LexusNexis Private Sector Congressional Quarterly AICPA Financial Regulators FSOC (10 Voting Mbrs.) Sec.Treasury, FRB, CFPB, CFTC, FDIC, FHFA, NCUA, OCC, SEC President App. FASAB FASB NASBA Legislation Hyperlinks: FFATA – PL Data Act – H.R. 2146

5 Federal Financial Transparency, Accountability, & Integrity Virtual & Consolidated Financial Data Repository

6 Structured & Unstructured Data Warehouse GWA Account Statement RDBMS Documents: A Citizen's Guide to the 2010 Financial Report of the U.S. Government Semi-structured: Daily, Monthly, Quarterly & Annual Treasury StatementsDaily, MonthlyQuarterlyAnnual Agency Core Accounting System Detail Transaction Data Cloud Computing Public, Media, Colleges & Universities Access Cloud Computing Public, Media, Colleges & Universities Access Business Intelligence Analysis Central Data Warehouse Repository Server Data Dynamic Static Custom documents Geospatial View/Search Forms Search/Analytics Mobile Delivery Information Exploitation & Sharing Deliver: Any Format Ingest AS-IS Internet DATA: S.3606.PCS USDA Appropriations Act, 2011 & FASAB Performance & Accountability Reports

7 MarkLogic Server Proof of Concept Combined Statement HR 4818 FMS Coding Overview Treasury Account Symbol (TAS) coding relationships to legislation. Department of Agriculture FY 2005 Treasury Account Symbol Coding Process HR 4818 – PL Bulletin MarkLogic Server Ingested Documents FMS Legislative Review Proof of Concept CGAC Structure TAS & BETC Future MarkLogic Server Query & Reporting Future MarkLogic Server Undisbursed & Receipt Acct Ledger File Update Subsequently Publish Documents From MarkLogic Server Annual Financial Report HR 4818 – ENR Bill An Enrolled Bill is the final copy of a bill that has been passed in identical form by both houses of the Congress. An Enrolled Bill is printed on parchment and sent to the President for signature. See hyperlink Dynamic Static Custom Documents Mobile DeliveryInformation exploitation & Sharing Geospatial View/Search Forms Search/Analytics MarkLogic Outputs Federal Accounts Symbols & Titles See page 17 for receipt account fund structure an page 65 for expenditure account fund structure. Public Law PL Public Law PL Appropriation Committee Report pg 3-45 Appropriation Committee Report pg 3-45 Conference Committee Report HR 4818 Conference Committee Report HR 4818 Monthly Treasury Statement Monthly Treasury Statement Is the TAS currently included in FAST, If Yes Use the TAS and change the period of availability, If No setup a new TAS with the Legislative period of Availability

8 MarkLogic Server Proof of Concept Agency Audit Reports HR 4818 FMS Coding Overview Treasury Account Symbol (TAS) coding relationships to legislation. Government Accountability Office Oversight Research & Audit Proof of Concept GAO Audit & Accountability Reports Oversight Report MarkLogic Server Ingested Documents FMS Legislative Review Proof of Concept CGAC Structure TAS & BETC Future MarkLogic Server Query & Reporting Future MarkLogic Server Undisbursed & Receipt Acct Ledger File Update Subsequently Publish Documents From MarkLogic Server Agency Grantor Performance, Report & Grantee Performance Evaluation Requirements Treasury FMS Legislative Review Proof of Concept Dynamic Static Custom Documents Mobile DeliveryInformation exploitation & Sharing Geospatial View/Search Forms Search/Analytics MarkLogic Outputs Federal Accounts Symbols & Titles See page 17 for receipt account fund structure an page 65 for expenditure account fund structure. GAO Congressional Reports GAO Congressional Testimonies OMB Budget Reports Agency Financial Statements Grantee & Subcontractor Performance & Status Reports Is the TAS currently included in FAST, If Yes Use the TAS and change the period of availability, If No setup a new TAS with the Legislative period of Availability

9 Federal Financial Transparency, Accountability, & Integrity Financial Literacy & Education Commission

10 Course # Credits Foundation for Federal Financial Management (FFFM) Curriculum Course # CreditsDescription 1 3 Federal Financial Management Overview Textbook – Federal Accounting Handbook Textbook – Early Warnings and Quick Response: Accounting in the Twenty-First Century – Wealth Measurement Model Government Accountability Office Glossary of Terms Fundamentals of Federal Financial Accounting Certifying Officers - Roles and Responsibilities Treasury’s Central Accounting Requirements IPAC - Intra-Governmental Payment and Collection Prompt Pay 2 3 Federal Core Accounting System Textbook 3 3 Federal High Performance Management Textbook 4 3Federal Budget Execution, Funds Control & Anti Deficiency Act Reconciling Fund Balance With Treasury – TFM_Part 2—Chapter 5100 Reconciling the Fund Balance w/Treasury Supplement FMS 6652 Statement of Difference – Disbursements FMS 6652 Statement of Difference – Deposits Governmentwide Accounting System - Account Statement User Manual FMS 6653: Undisbursed Appropriation Account Ledger FMS 6654: Undisbursed Appropriation Account Trial Balance FMS 6655: Unappropriated Receipt Account Ledger FMS 6655: Receipt Account Trial Balance FMS 6655: Report of Unavailable Receipt Transactions 5 3 Federal Accounting Concepts & Standards Governmental Budgeting and Accounting Concepts Federal Accounting Standards Advisory Board 6 3 Federal Appropriation Process Practical Applications of Appropriations Law The Budget System & Concepts OMB Circular A-11 The Budget Process

11 Course # Credits Foundation for Federal Financial Management (FFFM) Curriculum Course # CreditsDescription 6 3 Federal Appropriation Process Practical Applications of Appropriations Law The Budget System & Concepts OMB Circular A-11 The Budget Process 7 3 Federal Standard General Ledger & Anti Deficiency Act U.S. Standard General Ledger: Basic – Chart of Accounts U.S. Standard General Ledger: Intermediate – Transactions and T Accounts U.S. Standard General Ledger: Advanced – FACTS I & FACTS II Reporting 8 3 Federal Financial Reports – Agency FACTS I: Reporting Proprietary Accounting Data FACTS II: Reporting Budget Execution Data Standard External Reports SF-133: Report on Budget Execution FMS 2108 Form & Content Reporting: Balance Sheet Statement of Net Cost Statement of Changes in Net Position Statement of Custodial Activity FIRST – Financial Information & Reporting Standardization FMS 224: Statement of Transactions SF 1219 & SF 1218 Statement of Accountability SF 1220 & SF 1221 Statement of Transactions 9 3 Federal Financial Reports - Treasury Daily Treasury Statement Monthly Treasury Statement Combined Statement Financial Report of the United States Government Treasury Bulletin

12 Course # Credits Foundation for Federal Financial Management (FFFM) Curriculum Course # CreditsDescription 10 3Federal Financial Control OMB Circular A-123 Textbook 11 3 Federal Financial Analysis & Federal Activity Based Cost Accounting 12 3 Federal Financial Management and Authentication Textbook 13 3 Government Policy, Procedures & Regulations: Department of the Treasury, Treasury Financial Manual Office of Management & Budget, OMB Circulars Government Accountability Office Federal Accounting Standards Advisory Board, Principles, Concepts & Standards Financial Systems Requirements: Standards Business Practices Core Financial Systems Requirements Common Government-wide Accounting Classification System – Civilian Agencies Standard Financial Information Structure - Department of Defense Charge Card Data Elements Total 39 Curriculum Course Credit Hours Total Course Class Hours & Total Curriculum Hours (42 Class Hour x 13 Courses)

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14 Federal Financial Transparency, Accountability, & Integrity The Digital Accountability and Transparency Act, H.R IH

15 Federal Financial Management Board Executive Branch Independent Agency Presidential Appointment & Senate Confirmation of Chairman & Chief Financial Officer and Controller Certified Public Accountant or Certified Government Financial Manager Fifteen Year Term of Office, Single Term Organization Membership: Chairman, Chief Financial Officers Council Chairman, Financial Literacy & Education Commission Chairman, Federal Agency Financial Standards Board Chairman, Federal Transparency, Accountability, & Integrity Commission (New Public/Private Transparency, Accountability & Integrity Advisory Partnership) Principle Member, Joint Financial Management Improvement Program

16 Financial Management Organization Consolidation

17 Data Act Financial Reporting Consolidation

18 Federal Financial Transparency, Accountability, & Integrity MarkLogic User Group Conference Apr 30-May 3, 2012 Government Forum Nov 16, 2011 Ronald Regan Building Washington, DC Fordham University Conference Federal Financial Transparency, Accountability, & Integrity Jan 23, 2012 Fordham University New York, New York AGA Professional Development Conference Jul 29-Aug 1, 2012 San Diego, CA Decision Making Transparency Single Financial Data Repository Financial Analysis Public Internet Access Accountability Independent-Data Act Audit Reporting Financial Reporting Performance Reporting Integrity Financial Literacy Near Term–CPE Training Long Term-Federal Financial Management Institute

19 MarkLogic Grant Thornton & Kearney & Company Government Accountability Office Library of Congress & Department of Defense Treasury Financial Management Service Federal Financial Transparency, Accountability, & Integrity Public & Private Sector Partnership AGA CPAG Research Report Unstructured Database Technology


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