[Federal Register: November 23, 1999 (Volume 64, Number 225)]
[Notices]               
[Page 65713]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr23no99-51]                         

=======================================================================
-----------------------------------------------------------------------

GENERAL ACCOUNTING OFFICE

[Document Nos. JFMIP-SR-99-12 and 99-13]

 
Joint Financial Management Improvement Program (JFMIP)--Federal 
Financial Management System Requirements (FFMSR)

AGENCY: Joint Financial Management Improvement Program (JFMIP), GAO.

ACTION: Notice of document availability.

-----------------------------------------------------------------------

SUMMARY: The JFMIP is seeking public comment on two exposure drafts 
titled, (1) ``Guaranteed Loan System Requirements,'' and (2) ``Grant 
Financial System Requirements,'' both dated October 19, 1999. The 
guaranteed loan document is being issued to update a December 1993 
document. This is the first time that a requirements document has been 
issued for grants. The drafts incorporate: (1) statutory and regulatory 
changes; (2) technological changes; and (3) JFMIP documentation 
changes. The document is designed to provide financial managers with 
Governmentwide mandatory requirements for financial systems in order to 
process and record financial events effectively and efficiently, and to 
provide complete, timely, reliable, and consistent information for 
decision makers and the public.

DATES: Comments are due on both documents by Friday, December 17, 1999.

ADDRESSES: Copies of the exposure draft have been mailed to Agency 
Senior Financial Officials and are available on the JFMIP website: 
www.financenet.gov/fed/jfmip/jfmip.htm.
    Comments should be addressed to JFMIP, 441 G Street NW., Room 3111, 
Washington, DC 20548.
    JFMIP Relocation: We are working to relocate JFMIP, by the middle 
of November, 1999, to 1990 K St., Suite 430. We are working closely 
with the GAO, where JFMIP is currently located, to ensure a smooth 
transition of U.S. Postal and electronic mail services. When the exact 
date of the location is known, information will be posted on the JFMIP 
Homepage.

FOR FURTHER INFORMATION CONTACT: Dennis Mitchell, 202-512-5994 or via 
Internet: mitchelld.jfmip@gao.gov.

SUPPLEMENTARY INFORMATION: The Federal Financial Management Improvement 
Act (FFMIA) of 1996 mandated that agencies implement and maintain 
systems that comply substantially with Federal financial management 
systems requirements, applicable Federal accounting standards, and the 
U.S. Government Standard General Ledger at the transaction level. The 
FFMIA statute codified the JFMIP financial systems requirements 
documents as a key benchmark that agency systems must meet in order to 
be substantially in compliance with systems requirements provisions 
under FFMIA. To support the requirements outlined in the FFMIA, we are 
updating requirements documents that are obsolete and publishing 
additional requirements documents.
    Comments received will be reviewed and the exposure draft will be 
revised as necessary. Publication of the final requirements will be 
mailed to agency senior financial officials and will be available on 
the JFMIP website.
Karen Cleary Alderman,
Executive Director, Joint Financial Management Improvement Program.
[FR Doc. 99-30434 Filed 11-22-99; 8:45 am]
BILLING CODE 1610-02-M