[Federal Register Volume 64, Number 3 (Wednesday, January 6, 1999)]
[Notices]
[Pages 882-883]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-158]


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GENERAL ACCOUNTING OFFICE


Joint Financial Management Improvement Program (JFMIP)--Federal 
Financial Management System Requirements (FFMIA)

[Document No. JFMIP-SR-98-6]
AGENCY: Joint Financial Management Improvement Program (JFMIP).

ACTION: Notice of document availability.

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SUMMARY: The JFMIP is seeking public comment on an exposure draft 
titled,

[[Page 883]]

``Direct Loan System Requirements,'' dated December 14, 1998. The draft 
is being issued to update a December 1993 document. The draft 
incorporates: (1) statutory and regulatory changes; (2) technological 
changes; and (3) JFMIP documentation changes. The document is 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 February 26, 1999.

ADDRESSES: Copies of the exposure draft 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: Dennis Mitchell, 202-512-5994 or via 
Internet: [email protected]

SUPPLEMENTARY INFORMATION: The Federal Financial Management Improvement 
Act (FFMIA) of 1996 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.
    Comments received will be reviewed and the exposure draft 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. 99-158 Filed 1-5-99; 8:45 am]
BILLING CODE 1610-02-M