About CFOC

The CFOC, established pursuant to Chief Financial Officers (CFO) Act of 1990 (Public Law 101-576), is an organization of the CFOs and Deputy CFOs of the largest Federal agencies, senior officials of the Office of Management and Budget and the Department of the Treasury who work collaboratively to improve financial management in the U.S. Government. The Council was established under the provisions of the CFO Act of 1990 to advise and coordinate the activities of the agencies of its members on such matters as consolidation and modernization of financial systems, improved quality of financial information, financial data and information standards, internal controls, legislation affecting financial operations and organizations, and any other financial management matter. The membership of the Chief Financial Officers Council consists of the:

  • Deputy Director for Management of the Office of Management and Budget, who shall act as chairperson of the council;
  • Controller of the Office of Federal Financial Management of the Office of Management and Budget;
  • Fiscal Assistant Secretary of Treasury
  • Chief Financial Officers of the following agencies:


    • Department of Agriculture
    • Department of Commerce
    • Department of Defense
    • Department of Education
    • Department of Energy
    • Department of Health and Human Services
    • Department of Homeland Security
    • Department of Housing and Urban Development
    • Department of the Interior
    • Department of Justice
    • Department of Labor
    • Department of State
    • Department of Transportation
    • Department of the Treasury
    • Department of Veterans Affairs
    • Environmental Protection Agency
    • National Aeronautics and Space Administration
    • Agency for International Development
    • General Services Administration
    • National Science Foundation
    • Nuclear Regulatory Commission
    • Office of Personnel Management
    • Small Business Administration
    • Social Security Administration


Members of the Council identify the key issues that need to be addressed to successfully implement the Chief Financial Officers Act of 1990 and to improve financial management leadership. Since the Act was signed into law there has been substantial progress and many positive achievements. To improve governmentwide financial management, individual Council members have stepped forward to lead specific efforts. Working closely with the Council’s elected officers, these individuals lead committees and priority projects. The Council continuously reviews progress in each area of emphasis. Current priorities are to:

  • Improve financial management systems;
  • Effectively implement the Government Performance and Results Act;
  • Secure clean opinions on agency-wide and the governmentwide audited financial statements;
  • Develop a quality financial management workforce;
  • Improve loan management, tax and debt collection;
  • Design management systems to improve accountability for performance;
  • Modernize payments and business methods through electronic commerce.

Council Defining Documents