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User Charges - Policy Review Process
In accordance with the CFO Act and OMB Circular A-25, department wide
guidance has been developed to establish policy, procedures, and responsibility
for implementing and managing user charges in DOL. The guidance includes the
biennial review requirements of the CFO Act. In FY 2002, DOL conducted this
review and adjusted user fees in several BLS and OSHA programs to reflect
current costs and market value of these services.
Electronic Data Processing (EDP) Systems
To gain assurance that financial data produced by EDP systems are reliable, the
OIG reviewed DOL’s core accounting (DOLAR$) system, as well as a selection
of DOL agency financial systems. The Office of the Chief Information Officer,
the OCFO, and the major agencies are addressing each of these findings from
this review in a department wide effort to update system security plans and
close audit findings. For more information, see the Assistant Inspector
General’s Report in Section III of this document.
Prompt Payment Act
The Prompt Payment Act
requires Executive agencies to pay commercial obligations within discreet time
periods and to pay interest penalties when those time constraints are not met.
During FY 2002, DOL improved it’s on-time payment percentage from 95.4 to
96.0 percent of total DOL payments subject to the Act, based on over 165,000
payments. Of approximately $1.2 billion in gross payments, $166,136
(approximately .014 percent) was paid in interest fees and penalties.
Government Wide Involvement
DOL financial
staff continued to participated in a number of government-wide financial
initiatives during FY 2002. The Department takes pride in lending its expertise
to improving financial management for the Federal government. This year, staff
participated in the Federal Accounting Standards Advisory Board, the United
States Standard General Ledger Board, the Federal Credit Policy Working Group,
the CFO Grants Management Committee, the JFMIP Core Financial Systems
Requirements Update, AGA administrative and training activities, the Human
Resource Project Management Initiative, the Egov Egrants initiative, and the
CFO Council Fellows Association. We anticipate continued involvement in these
and other government-wide projects in the future.
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