[Federal Register Volume 65, Number 66 (Wednesday, April 5, 2000)]
[Notices]
[Pages 17883-17884]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-8332]


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GENERAL ACCOUNTING OFFICE

[Documents No. JFMIP-SR-00-02]


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

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 
entitled ``Property Management Systems Requirements,'' dated April 
2000. The draft is the first FFMSR document to address standard 
requirements for federal agency property management systems. The 
document is intended to assist agencies when developing new property 
management systems and when improving or evaluating existing property 
management systems. It provides the baseline functionality that 
property management systems must have a support agency missions and 
comply with laws and regulations. The final issuance of this JFMIP 
Property Management Systems Requirements document will provide the 
functional requirements definition necessary for agencies to comply 
with mandates of the Chief Financial Officers Act and the Federal 
financial Management Improvement Act.

DATES: Comments are due by May 31, 2000.

ADDRESSES: Copies of the exposure draft have been mailed to agency 
senior financial officials, together with a cover memo listing the 
questions on which JFMIP is soliciting feedback. The exposure draft and 
cover memo are available on the JFMIP website: http://www.financenet.gov/financenet/fed/jfmip/jfmipexp.htm. Comment should be 
addressed to JFMIP, 1990 K Street, NW, Suite 430, Washington, DC 20006.

FOR FURTHER INFORMATION CONTACT: Dorothy Sugiyama, (202) 219-0536 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 to be 
substantially in compliance with systems requirements provisions

[[Page 17884]]

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. 00-8332 Filed 4-4-00; 8:45 am]
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