[Federal Register Volume 66, Number 87 (Friday, May 4, 2001)]
[Notices]
[Pages 22564-22565]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-11323]


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GENERAL ACCOUNTING OFFICE

[Document No. JFMIP-SR-01-01]


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 ``Benefit System Requirements,'' dated May 2001. The draft is 
the first Federal Financial Management System Requirements (FFMSR) 
document to address standard requirements for Federal agency benefit 
systems. The document is intended to assist agencies when developing, 
improving or

[[Page 22565]]

evaluating benefit systems. It provides the baseline functionality that 
benefit systems must have to support agency missions and comply with 
laws and regulations. When issued in final, the JFMIP Benefit System 
Requirements document will augment the existing body of FFMSR that 
define financial system functional requirements which are used in 
evaluating compliance with the Federal Financial Management Improvement 
Act (FFMIA) of 1996.

DATES: Comments are due by July 1, 2001.

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: WWW.JFMIP.GOV
    Comments should be addressed to JFMIP, 1990 K Street, NW., Suite 
430, Washington, DC 20006.

FOR FURTHER INFORMATION: Steven Fisher, (202) 219-0530 or via Internet: 
[email protected].

SUPPLEMENTARY INFORMATION: The FFMIA of 1996 mandated that agencies 
implement and maintain systems that comply substantially with FFMSR, 
applicable Federal accounting standards, and the U.S. Government 
Standard General Ledger at the transaction level. The FFMIA statute 
codified the JFMIP financial system requirements documents as a key 
benchmark that agency systems must meet to substantially comply with 
systems requirements provisions under FFMIA. To support the provisions 
outlined in the FFMIA, the JFMIP is updating obsolete requirements 
documents 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.

    Dated: May 1, 2001.
Steven A. Fisher,
Senior Management Analyst, Joint Financial Management Improvement 
Program.
[FR Doc. 01-11323 Filed 5-3-01; 8:45 am]
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