The Financial Management Service (FMS) produces a full range of financial reports using data and reports generated from the Unified Financial Management System (UFMS). UFMS is an online, real-time application that accepts manual and electronic input, performs accounting edits and validations, and produces accounting transactions for the general ledger and subsidiary ledgers.
Major services include analysis and reporting of accounting data, preparation and distribution of financial reports, audited financial statements, financial statement notes, and supplemental information. FMS assures customer agencies that the financial reports meet all federal financial management system requirements and applicable federal accounting and transaction standards
Services offered include:
- Production of reports from the Governmentwide Treasury Account Symbol Adjusted Trial-Balance System (GTAS)
- Preparation or guided preparation of auditable financial statements in accordance with the requirements of the Chief Financial Officers Act of 1990
- Analysis of financial data from UFMS, as well as other financial sources, to ensure reasonableness
- Provide liaison support that is required during performance of audits by private accounting firms, OMB, Congressional Committees, and internal auditors
- Assistance to auditors in obtaining all documents and records selected for examination
- Production of ad hoc reports upon request
- Coordination of the preparation of responses to observations and recommendations by audit agencies
- Tracking and ensuring completion of all program actions required to comply with accepted audit findings and recommendations
- Maintenance of systematic, easily retrievable records on all audit activity
Offered to:
HHS
Performance:
100% of the time, audit-quality quarterly and annual financial reports will be prepared within agreed-upon time frames.
100% of financial reports will be submitted within the Treasury/OMB published deadlines after the end of the covered period (e.g., monthly, quarterly, and yearly).
Findings will be reduced, and the annual clean opinion will be maintained.
Rate:
Weighted level of effort
Contact:
301-492-4945; angela.walter@psc.hhs.gov
