[Federal Register Volume 68, Number 175 (Wednesday, September 10, 2003)]
[Notices]
[Pages 53377-53378]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-22952]


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GENERAL ACCOUNTING OFFICE

[Document No. JFMIP-SR-03-02]


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

AGENCY: Joint Financial Management Improvement Program (JFMIP).

ACTION: Notice of document finalization and posting.

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SUMMARY: The JFMIP is seeking announcement of document finalization and 
posting for the JFMIP document entitled,``Inventory, Supplies, and 
Materials System Requirements'' dated September 2003. The document is 
an update of the Federal Financial Management System Requirements 
(FFMSR) document addressing standard financial requirements for Federal 
logistics systems. The document is intended to assist agencies when 
developing, improving or evaluating inventory held for sale, operating 
materials and supplies, and stockpile materials systems. It provides 
the baseline functionality that agency systems must have to support 
agency missions and comply with laws and regulations. This document 
augments

[[Page 53378]]

the existing body of FFMSR that define financial system functional 
requirements that are used in evaluating compliance with the Federal 
Financial Management Improvement Act (FFMIA) of 1996.

DATES: For release as soon as possible.

ADDRESSES: The document is available on the JFMIP Web site: 
www.jfmip.gov.

FOR FURTHER INFORMATION CONTACT: Elvon Lloyd at [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.

Karen Cleary Alderman,
Executive Director, Joint Financial Management Improvement Program.
[FR Doc. 03-22952 Filed 9-9-03; 8:45 am]
BILLING CODE 1610-02-M