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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).

Office of Federal Financial Management
US-OfficeOfManagementAndBudget-Seal.svg
Agency overview
Formed1990
Preceding agency
HeadquartersNew Executive Office Building
Parent agencyOffice of Management and Budget
WebsiteOffice of Federal Financial Management

The President of the United States appoints the Controller, who serves as the chief officer of OFFM. The current OFFM Controller is David Mader.

Contents

OrganizationEdit

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

Mission and ResponsibilitiesEdit

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.

HistoryEdit

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

External linksEdit