The Future of Defense Financial Management and You
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Transcript The Future of Defense Financial Management and You
T HE F UTURE OF
D EFENSE F INANCIAL
M ANAGEMENT AND
YOU
Presented to the ASMC Yankee Chapter
By Alvin Tucker, CDFM-A
August 16, 2012
P ROFESSIONAL O VERVIEW
Your profession is Defense
Financial Management
Specific Body of Knowledge
Ethical Standards
Public Trust
Legal Liability
C ORE C OMPETENCIES FOR
D O D F INANCIAL
M ANAGEMENT
1.
2.
Government Resource
Management
Environment
Manpower
Management
3.
Personnel Management
4.
Management’s
Responsibility for and
Internal Controls
5.
Defense Budget Process
6.
Cost and Economic
Analysis
7.
Business Management
Process Improvement
8.
Fiscal Law
9.
Finance
10.
Accounting
11.
Auditing
ASMC
IS YOUR
P ROFESSIONAL S OCIETY
Non-profit association founded in 1948
Serves financial managers in:
Today has about 20,000 members
Five military services and defense agencies
150 chapters, 78 corporate members
Major offerings
National PDI and regional PDIs
Chapter training programs
Certification program (CDFM)
Professional journal
Selected training courses
W HAT’ S H APPENING N OW ?
OMB policy on “Conferences”
DoD course-based certification
Virtual PDI
Sequestration
Audit Readiness
GSA S CANDAL
300 Feds go to Las Vegas in October 2010
Spent $822K: Planning $136K, Conference
$686K
Failed to follow contracting regulations
Incurred excessive and impermissible costs
for food
Incurred impermissible and questionable
miscellaneous expenses
Planning goal: make it “over the top”
FALL O UT
President’s Executive Order, Nov 9, 2011
20 % reduction in travel in FY 2012 vs. FY
2010
IG Report on GSA Conference, April 2, 2012
Sen. Coburn (R-OK) amendment to Postal
Reform
OMB memo, May 11, 2012
Reduce FY 2013 travel by 30% vs. FY 2010
Over $100K needs higher level approval
$500K prohibition, but it can be waived
I MPACT
ON
ASMC
PDI and Mini-PDI’s qualify as “conferences”,
especially if held in commercial facilities
Costs for approval parameters include: fees,
food, lodging, transportation paid by
Government
Presently, approval levels at DCMO and
DepSecDef
Approval levels may change after the 1st
round
Greater reliance on Virtual PDI
V IRTUAL PDI
Began with PDI 2012
Presently 1,184 paid participants
73 workshops and interviews on line
CPE available
CPE management tool
COURSE-BASED
CERTIFICATION
•
Approved in FY 2012 NDAA
Pilot begins October 1, 2012 (FY 2013)
Three skill levels:
•
Basic, Intermediate and Advanced
Specific course requirements
Continuing Professional Education
(CPE)
Certification encouraged
Bachelor and advanced degrees
encouraged
S EQUESTRATION
$1.2 Trillion over ten years
50% to National Security, or $600 B
For DoD, about $50 Billion a year
Percentage reductions by
appropriation title
President can exempt Military Pay
No programmatic discretion
Happens January 2, 2013
S EQUESTRATION ( CONT ’ D )
Good News:
“It can’t be allowed to happen” - DoD
leaders
“It won’t happen” – Congressional
leaders
Bad News:
Decision deferred until after the
election
I SSUES FOR A L AME D UCK
C ONGRESS
Debt limit increase
Extension of Bush tax cuts
Continuing resolution
AMT fix
Doc fix
Sequestration
Extension of payroll tax reduction
A UDIT R EADINESS
Assert audit readiness for
Statement of Budgetary
Resources (SBR) by end CY 2014
Begin audit of SBR in FY 2015
Achieve clean audit opinions on
all DoD FY 2017 financial
statements
A UDIT R EADINESS ( CONT ’ D )
Provide more audit readiness
training in the EDFM course
Develop an audit readiness
training package for alternative
delivery methods
W HAT ’ S
HAPPENING WITH
YOU ?
Sharpen skills
Stay flexible
Be mobile
Get more training
Diversify
Certification
H ELP Y OU S TAND O UT
Test-based Certification
Certified Defense Financial
Manager
Enhanced Defense Financial
Management Training Course
3 College Credits
(undergraduate or Graduate with research paper)
ASMC awards
H ELP Y OU B E
A
L EADER
Leadership opportunities
In your ASMC chapter
In community service
CDFM
R EQUIREMENTS
•
Complete four years of federal government
related financial management experience
with an Associate degree or higher), or
•
Complete three years of Defense related
financial management experience (without
degree), or
•
Complete two years of Defense related
financial management experience an
Associate degree, or higher.
O THER T RAINING IN FY 2013
Enhanced Defense Financial Management
(EDFM) – 5-day training course
Acquisition module – 2-day course
Audio Conferences
Refresher courses for CDFM modules
Six other offerings during the year
Fiscal Law
1-,2-,3-day courses on-site
PDI 2013
D ENVER C ONVENTION C ENTER
Monday, May 27 – CDFM Review
Courses, Module 4 Acquisition (2day)
Tuesday, May 28 – CDFM Review,
Testing, MicroSoft Training
Wednesday, May 29 – Official Opening,
Service Day, General Session
Thursday-Friday, May 30 – May 31
Over 100 Workshops, 7 Mini-Courses,
General Sessions
A SSESSMENT R ESULTS
Members value ASMC – 65% rated high, 6%
low
ASMC professional development – 87% hi,
2.5% low
Member loyalty – 83% likely to renew, 5%
not
Recommend to colleagues – 78% likely, 5%
not
PDI – 74% highly satisfied
WHAT OUR MEMBERS WANT
Attract new and younger
members
Focused education or certification
– contracting and audit
Virtual PDI capability
More support for chapters:
National instructors for
chapter meetings
Speaker identification
ASMC F IVE -Y EAR P LAN
NEC approved in June 2011
Improve communications
Develop a virtual PDI
Better Chapter outreach
Provide more educational
offerings
F IVE -Y EAR P LAN G OALS
Increase membership to 50% of FM
workforce
Increase active CDFM’s to 15% of FM
workforce
Achieve 75 Five-Star Chapters
Attain 2,000 participants in virtual
PDI
Develop a stronger image outside the
FM community
ASMC W EBSITE