[Federal Register Volume 63, Number 223 (Thursday, November 19, 1998)]
[Notices]
[Pages 64260-64261]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30941]
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GENERAL ACCOUNTING OFFICE
Joint Financial Management Improvement Program (JFMIP)--Federal
Financial Management System Requirements (FFMSR)
[Document Nos. JFMIP-SR-98-1 & JFMIP-SR-98-2]
AGENCY: Joint Financial Management Improvement Program (JFMIP).
ACTION: Notice of document availability.
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SUMMARY: the JFMIP is seeking public comment on two exposure drafts
titled ``Core Financial System Requirements'' and ``Human Resources &
Payroll Systems Requirements,'' both dated November 5, 1998. The
exposure drafts are being issued to update the 1995 ``Core Financial
System Requirements'' and the 1990 ``Personnel-Payroll System
Requirements.'' The exposure drafts incorporate new JFMIP requirements
for Core Financial Systems and Human Resources & Payroll Systems. They
are 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 by January 8, 1999.
ADDRESSES: Copies of the financial system requirements exposure drafts
have been mailed to Agency Senior Financial Officials and are available
on the JFMIP website http://www.financenet.gov/financenet/fed/jfmip/
jfmipexp.htm. Comments should be addressed to JFMIP, 441 G Street NW.,
Room 3111, Washington, DC 20548.
FOR FURTHER INFORMATION CONTACT: Betty White, 202-512-9346, regarding
the Core Financial System Requirements; and Dennis Mitchell, 202-512-
5994, regarding the Human Resources & Payroll Systems Requirements.
SUPPLEMENTARY INFORMATION: The Federal Financial Management
[[Page 64261]]
Improvement Act of 1996 (FFMIA) 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.
The Core Financial System Requirements document establishes
standard requirements for the backbone modules of an agency's
integrated financial management system. The major functions supported
by a Core Financial System are: Core Financial System Management,
General Ledger Management, Funds Management, Payment Management,
Receipt Management, Cost Management, and Reporting. These seven
functions provide common processing routines, support common data for
critical financial management functions affecting the entire agency,
and maintain the required financial data integrity control over
financial transactions, resource balances, and other financial
management systems.
This update reflects the most recent changes in laws and
regulations, such as the Debt Collection Improvement Act, and clarifies
previous requirements. It also incorporates requirements that were
previously reflected in the technical requirements of the Financial
Management System Software schedule Statement of Work. JFMIP's new
Knowledgebase website can be used to identify the changes that have
been made to the Core Financial System Requirements document. The new
and changed requirements in the exposure draft can be easily identified
with this tool. The Knowledgebase can be accessed through FinanceNet
under the JFMIP Program Management Office website http://
www.financenet.gov/fed/jfmip/pmo.htm. The Knowledgebase includes both
mandatory requirements and value-added features. The exposure draft,
however, contains only mandatory requirements on which the vendor
software certification test will be based.
The Human Resources & Payroll Systems Requirements document is
intended for human resources and payroll financial systems analysts,
system accountants, and others who design, develop, implement, operate,
and maintain financial management systems. The primary purposes for
this update are to reflect: changes in statutes, regulations, and
technology that have occurred since the document was originally
published in May 1990, e.g., passage of the Chief Financial Officers
Act of 1990, and FFMIA of 1996; changes in personnel practices brought
about by the National Performance Review; and increased availability of
commercial off-the-shelf software packages. This update also
incorporates core functionalities of a Federal human resources system
as defined by the Human Resources Technology Council.
Comments received will be reviewed and the exposure drafts 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. 98-30941 Filed 11-18-98; 8:45 am]
BILLING CODE 1610-02-M
