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Office of Federal Financial Management

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For more information, please call (202) 395-3993
Mission: To promote and support first class financial management in the executive branch of the Federal Government.
History: The Office of Federal Financial Management (OFFM) was created within the Office of Management and Budget (OMB) by the Chief Financial Officers (CFO) Act of 1990. OFFM, led by the OMB Controller under the direction of the Deputy Director for Management, is responsible for the financial management policy of the Federal Government. OFFM responsibilities include implementing the financial management improvement priorities of the President, establishing government-wide financial management policies of executive agencies, and carrying out the financial management functions of the CFO Act.
What's New:

M-08-24, Technical Amendments to OMB Bulletin No. 07-04, Audit Requirements for Federal Financial Statements (August 25, 2008) (52 pages, 348 kb)

-- "As-Revised" Version of OMB Bulletin No. 07-04, Audit Requirements for Federal Financial Statements, as Amended (44 pages, 237 kb)

FY 08 Federal Real Property Council Data Reporting Instructions (June 23, 2008) (76 pages, 1.89 mb)

Circular A-136, Financial Reporting Requirements (June 3, 2008) (166 pages, 1.16 mb)

Branches: Financial Standards and Grants
Financial Analysis and Systems
Key Issues: Agency and Government-wide Financial Reporting
Federal Asset Management
Financial Management Systems
Grants Management
Improper Payments
Performance Measurement
President’s Management Agenda
Single Audit
Travel and Purchase Cards
Organization Chart: OFFM Organization Chart (1 page, 18 kb)
Financial Standards and
Grants Branch
Financial Analysis and
Systems Branch
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