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OMB Documents and Guidance >Policy Letters/ Memo

FMLOB Update
Issued By: OMB - Effective Date: 01.28.2008, 7151.616k, pdf
Abstract: Improving the cost, quality, and performance of financial management operations remains one of the President’s top management priorities. The Financial Management Line of Business (FMLOB) will achieve the President’s goals by leveraging common standards and shared solutions as well as implementing other government-wide reforms to foster efficiencies in Federal financial operations. The attached memorandum summarizes (i) the FMLOB policies and updates to those policies; (ii) the status of the initiative; and (iii) the priorities over the next two years.

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