[Federal Register Volume 66, Number 236 (Friday, December 7, 2001)]
[Notices]
[Page 63546]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-30308]


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GENERAL ACCOUNTING OFFICE

[Document No. JFMIP-SR-01-03]


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 ``Acquisition/Financial Systems Interface Requirements,'' 
dated November 2001. The draft is the first Federal Financial 
Management System Requirements (FFMSR) document to address standard 
financial requirements for Federal acquisition/financial systems. The 
document is intended to assist agencies when developing, improving or 
evaluating benefit systems. It provides the baseline functionality that 
agency systems must have to support agency missions and comply with 
laws and regulations. When issued in final, the 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 February 28, 2002.

ADDRESSES: Copies of the exposure draft have been mailed to senior 
financial officials, chief information officers, and procurement 
executives, together with a transmittal memo listing items of interest 
for which JFMIP is soliciting feedback. The Exposure Draft, transmittal 
memo, and comment response matrix are available on the JFMIP Web site: 
www.jfmip.gov Responses should be addressed to JFMIP, 1990 K Street, 
NW., Suite 430, Washington, DC 20006.

FOR FURTHER INFORMATION: Dennis Mitchell, (202) 219-0529 or 
[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 financial document will be mailed to 
agency financial officials, procurement executives, chief information 
officers, and others, and will be available on the JFMIP website. An 
open house is scheduled for Thursday, December 13, 2001, from 9:30 a.m. 
to noon in the General Services Administration (GSA) Auditorium in the 
main GSA Building, located at 18th and F Streets NW, to provide 
additional information on the Exposure Draft. The name, organization, 
telephone number, and e-mail address for attendees should be e-mailed 
to [email protected] or faxed to 202-219-0549.

Karen Cleary Alderman,
Executive Director, Joint Financial Management Improvement Program.
[FR Doc. 01-30308 Filed 12-6-01; 8:45 am]
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