Association of Government Accountants Corporate Partners Advisory Group

Association of Government AccountantsCorporate Partners Advisory Group

CPAG Research ProjectFinancial Analysis Pilot Proof of Concept

Timeline04/06/2006 Introduction Senate Bill S.2590 – Federal Funding

Accountability & Transparency Act (FFATA)

09/26/2006 Enactment PL 109-282 – Federal Funding Accountability & Transparency Act (FFATA)

10/03/2008 Enactment PL110-343 – Emergency Economic Stabilization Act, Troubled Asset Relief Program (EESA/TARP)

02/17/2009 Enactment PL115-15 – American Recovery & Reinvestment Act (ARRA)

06/04/2009 AGA Breakfast Forum, Ed DeSeve, Federal Stimulus Program, American Recovery and Relief Act

07/27/2008 AGA Professional Development Conference (PDC). Atlanta, GA - Sessions:

Federal Funding Accountability & Transparency Act, Implementation Perspectives

Beyond Financial Reporting – Financial Analytics

06/20/2009 AGA Professional Development Conference (PDC). New Orleans, LA – Sessions:

Treasury Fiscal Service, Strategic Financial Management Direction and Plans

Predictive Analytics, How to Stop Problems Before They Begin

Accountability and Transparency in Government, FFATA, EESA/TARP, and ARRA Requirements and Private Sector Perspectives

09/11/2009 Meeting with Dick Gregg, Association of Government Accountants, CPAG Research Project Review

Association of Government Accountants

Corporate Partners Advisory Group

CPAG Research Project

Financial Analysis Pilot Proof of Concept

Department of the Treasury

Fiscal Service

Enterprise Data Warehouse

November 2, 2009

CORPORATEPARTNERSADVISORY GROUPRESEARCH

















CPAG Research ProjectFiscal Assistant Secretary Meeting

November 2009 – 2:00pm – 3:30pmAgenda

1. Introduction of Attendees – Jerry Murphy

2. CPAG Project Overview – Jerry Murphy

3. Demonstration Overview - Netezza

4. System Demonstration – Cognos

5. Questions and Answers – Jerry Murphy

6. Conclusions – Next Steps – Jerry Murphy


















Develop an Internet based Monthly Treasury Statement and Combined Statement that offers users access to an Enterprise Data Warehouse and analytical tools to develop

interactive queries of Treasury “Official” financial data supporting the Government’s Surplus or Deficit and other related data, e.g., performance, population, employment, geographic, congressional district, etc. to develop performance and other metrics for

identifying results and to assist the decision process.

• Provide a reconciliation of Federal Expenditure/Outlay data between the Treasury and the American Recovery and Reinvestment Act expenditure/outlay data.

• Provide a reconciliation of Federal Expenditures/Outlay data between the Treasury and the Economic Emergency Recovery Act, Troubled Asset Relief Program expenditure/outlay data.

• Provide a consolidated report of Federal Expenditures/Outlay data identifying:

• Total Federal Expenditures/Outlays

• Federal Funding Accountability and Transparency Act Expenditure/Outlay data.

• Economic Emergency Recovery Act, Troubled Asset Relief Program Expenditure/Outlay data.

• American Recovery and Reinvestment Act Expenditure/Outlay data.

CPAG Research Project Objectives

















Article 1, Section 9, Clause 7 of the US Constitution & 31USC3513a

31USCSec. 3513. Financial reporting and accounting system (a)The Secretary of the Treasury shall prepare reports that will inform the President, Congress, and the public on the financial operations of the United States Government. The reports shall include financial information the President requires. The head of ach executive agency shall give the Secretary reports and information on the financial conditions and operations of the agency the Secretary requires to prepare the reports. (b) The Secretary may –

1. establish facilities necessary to prepare the reports; and 2. reorganize the accounting functions and procedures and financial reports of the Department

of the Treasury to develop an effective and coordinated system of accounting and financial reporting in the Department that will integrate the accounting results for the Department and be the operating center for consolidating accounting results of other executive agencies with accounting results of the Department.

US Constitution, Article I, Section 9, Clause (7)No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a

regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.

Authority

















Association of Government Association of Government AccountantsAccountants

Corporate Partners Advisory Group Corporate Partners Advisory Group (CPAG)(CPAG)

Financial Analysis Research ProjectFinancial Analysis Research ProjectEnterprise Data WarehouseEnterprise Data Warehouse

DepartmDepartmententofof

HomelanHomelandd

SecuritySecurity

All OtherAll OtherAgenciesAgencies

NationalNationalScienceScience

FoundatioFoundationn

Sub TierSub TierContractoContracto

rsrs& &

GranteesGrantees

Phase IIPhase IINSF & NSF & DHSDHSEDWEDW

Phase IIIPhase IIIOther Other

AgenciesAgenciesEDW EDW

Phase IVPhase IVSub TierSub Tier

EDWEDW

Phase IPhase IGWA EDWGWA EDW

GWAGWAGovernmentwideGovernmentwide

Accounting SystemAccounting SystemEnterprise DataEnterprise Data

Warehouse (EDW)Warehouse (EDW)

TreasuryTreasuryFiscal Fiscal

ServiceService

TimelineTimeline Phase I – June 2010 - Phase II – June Phase I – June 2010 - Phase II – June

20102010Phase III – June 2011 - Phase IV – June Phase III – June 2011 - Phase IV – June

20122012

OverviewOverview

















Association of Government Accountants - CPAG Research ProjectDepartment of the Treasury - Fiscal Service

Enterprise Data Warehouse – Financial Analysis – Pilot Proof of Concept

Project Organization

Dick GreggFiscal Assistant Secretary

Deputy Assistant Secretary forAccounting PolicyNancy FLeetwood

Advisory BoardGerald Murphy - Irvin FaunceClyde McShan – Bruce Pitt

Project ManagerJohn Cherbini

KPMG – CPAG Representative

Steve MichaelsNetezza

CPAG Representative

Relmond Van DanikerAssociation of Government Accountants

Executive Director

Jeff KidwellNetezza

CPAG Representative

Mark FormanKPMG

CPAG - Representative

Private Industry Task Team Federal Government Task Team

EDW Hardware & Analysis SoftwareNetezza

Department of the TreasuryFiscal ServiceDave Monroe

Accounting & Internal ControlKPMG

Business IntelligenceKPMG – Cognos

Systems Development & Integration Savantage Solutions

Federal Agency ParticipantsRafael Borras, DHS Under Sec.

Thomas Cooley, NFS CFO

Department of the TreasuryFinancial Management Service

James Sturgill, Assistant Commissioner, Government-wide Accounting

Department of the TreasuryBureau of the Public Debt

Michelle YanokFranchise Services Director

Independent Verification& Validation

Project Management Office

















Association of Government Accountants

Corporate Partners Advisory Group

CPAG Research Project

Financial Analysis Pilot Proof of Concept

Timeline

Department of the Treasury

Fiscal Service

Enterprise Data Warehouse

November 2, 2009


















S. 2590

109TH CONGRESS2D SESSION S. 2590

AN ACTTo require full disclosure of all entities and organizations

receiving Federal funds.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,3 SECTION 1. SHORT TITLE.4 This Act may be cited as the ‘‘Federal Funding Ac5 countability and Transparency Act of 2006’’.

















Public Law 109–282109th Congress

An ActTo require full disclosure of all entities and organizations receiving Federal funds.

Be it enacted by the Senate and House of Representatives ofthe United States of America in Congress assembled,SECTION 1. SHORT TITLE.

This Act may be cited as the ‘‘Federal Funding Accountabilityand Transparency Act of 2006’’.SEC. 2. FULL DISCLOSURE OF ENTITIES RECEIVING FEDERALFUNDING.

(a) DEFINITIONS.—In this section:(1) ENTITY.—The term ‘‘entity’’—

(A) includes, whether for profit or nonprofit—(i) A corporation;(ii) an association;(iii) a partnership;(iv) a limited liability company;(v) a limited liability partnership;(vi) a sole proprietorship;(vii) any other legal business entity;(viii) any other grantee or contractor that is notexcluded by subparagraph (B) or (C); and(ix) any State or locality;

(B) on and after January 1, 2009, includes any subcontractoror subgrantee; and

(C) does not include—(i) an individual recipient of Federal assistance;or(ii) a Federal employee.

(2) FEDERAL AWARD.—The term ‘‘Federal award’’—(A) means Federal financial assistance and expendituresthat—

(i) include grants, subgrants, loans, awards,cooperative agreements, and other forms of financialassistance;(ii) include contracts, subcontracts, purchaseorders, task orders, and delivery orders;

(B) does not include individual transactions below$25,000; and(C) before October 1, 2008, does not include creditcard transactions.

(3) SEARCHABLE WEBSITE.—The term ‘‘searchable website’’means a website that allows the public to—

















Sunday, July 27,20081 – 2:10 p.m.S102: Federal Funding Accountability and Transparency Act—Implementation PerspectivesJulie Basile, Senior Policy Analyst, Office of Federal ProcurementPolicy, U.S. Office of Management and BudgetMark A. Forman, Principal, KPMG LLPMelinda B. Morgan, Director, Finance Staff, Justice ManagementDivision, U.S. Department of JusticeModerator: Andrea Brandon, Deputy Administrator, CooperativeState Research, Education and Extension Service, U.S. Departmentof AgricultureA discussion of implementation perspectives related to the FederalFunding Accountability and Transparency Act of 2006 (FFATA). Thelaw was enacted with the purpose of increasing “transparency andaccountability of federal government expenditures by providing

Wednesday, June 30, 200811 a.m. – 12:15 p.m.W117: Beyond Financial Reporting—Financial AnalyticsLinda M. Combs, Controller, U.S. Office of Management and BudgetMark A. Forman, Principal, KPMG LLPMelinda B. Morgan, Director, Finance Staff, Justice ManagementDivision, U.S. Department of JusticeThe panel discusses federal financial management strategicopportunities regarding information management and the use ofbusiness analytics. Business analytics helps to answer the morecomplex business questions that are required to accurately drivestrategy and execution. As an ongoing process, analytics continuallyincrease knowledge, based on the expanding historic informationgathered in today's data warehouses.

















PUBLIC LAW 110–343—OCT. 3, 2008 122 STAT. 3765Public Law 110–343110th Congress

An ActTo provide authority for the Federal Government to purchase and insure

Certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

Be it enacted by the Senate and House of Representatives ofthe United States of America in Congress assembled,

DIVISION A—EMERGENCY ECONOMICSTABILIZATION

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.(a) SHORT TITLE.—This division may be cited as the ‘‘Emergency

Economic Stabilization Act of 2008’’.(b) TABLE OF CONTENTS.—The table of contents for this division

is as follows:Sec. 1. Short title and table of contents.Sec. 2. Purposes.Sec. 3. Definitions.

TITLE I—TROUBLED ASSETS RELIEF PROGRAMSec. 101. Purchases of troubled assets.Sec. 102. Insurance of troubled assets.Sec. 103. Considerations.Sec. 104. Financial Stability Oversight Board.Sec. 105. Reports.Sec. 106. Rights; management; sale of troubled assets; revenues and sale proceeds.Sec. 107. Contracting procedures.Sec. 108. Conflicts of interest.Sec. 109. Foreclosure mitigation efforts.Sec. 110. Assistance to homeowners.Sec. 111. Executive compensation and corporate governance.Sec. 112. Coordination with foreign authorities and central banks.Sec. 113. Minimization of long-term costs and maximization of benefits for taxpayers.Sec. 114. Market transparency.Sec. 115. Graduated authorization to purchase.Sec. 116. Oversight and audits.

















PUBLIC LAW 111–5—FEB. 17, 2009 123 STAT. 115Public Law 111–5111th Congress

An ActMaking supplemental appropriations for job preservation and creation,

infrastructure Investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.This Act may be cited as the ‘‘American Recovery and Reinvestment

Act of 2009’’.SEC. 2. TABLE OF CONTENTS.

The table of contents for this Act is as follows:DIVISION A—APPROPRIATIONS PROVISIONS

TITLE I—AGRICULTURE, RURAL DEVELOPMENT, FOOD ANDDRUG ADMINISTRATION, AND RELATED AGENCIES

TITLE II—COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES

TITLE III—DEPARTMENT OF DEFENSETITLE IV—ENERGY AND WATER DEVELOPMENTTITLE V—FINANCIAL SERVICES AND GENERAL GOVERNMENTTITLE VI—DEPARTMENT OF HOMELAND SECURITYTITLE VII—INTERIOR, ENVIRONMENT, AND RELATED AGENCIESTITLE VIII—DEPARTMENTS OF LABOR, HEALTH AND HUMAN

SERVICES, AND EDUCATION, AND RELATED AGENCIES

TITLE IX—LEGISLATIVE BRANCHTITLE X—MILITARY CONSTRUCTION AND VETERANS AFFAIRS

AND RELATEDAGENCIESTITLE XI—STATE, FOREIGN OPERATIONS, AND RELATED

PROGRAMSTITLE XII—TRANSPORTATION, HOUSING AND URBAN

DEVELOPMENT, ANDRELATED AGENCIESTITLE XIII—HEALTH INFORMATION TECHNOLOGYTITLE XIV—STATE FISCAL STABILIZATION FUNDTITLE XV—ACCOUNTABILITY AND TRANSPARENCYTITLE XVI—GENERAL PROVISIONS—THIS ACT

DIVISION B—TAX, UNEMPLOYMENT, HEALTH, STATE FISCAL RELIEF, ANDOTHER PROVISIONS

TITLE I—TAX PROVISIONS

































Monday, June 22, 200910:30 – 11:45 a.m.M104: Treasury Fiscal Service, Strategic Financial Management Direction and PlansMarriott: Balconies L – NScott Bell, MBA, CGFM, Senior Accountant, Financial Management Services, U.S. Department of the TreasuryCarrie Hug, MS, CGFM, CPA, U.S. Department of the TreasuryJames Sturgill, Assistant Commissioner, Financial Management Service, U.S. Department of TreasuryModerator: Jeff Bateman, Vice President, Strategic Programs and Alliances, Teradata Government Systems, LLCThis session explores the strategic plans of the Department of the Treasury, Fiscal Service, related to the next generation of financial management and debt management initiatives.

Monday June 22, 20094:10 – 5:20 p.m.M121: Predictive Analytics—How to Stop Problems Before They BeginMarriott: Balconies L – NJeff Lovett, Director, Finance and Performance Management, Teradata CorporationRussell Walker, Ph.D., Assistant Director of the Zell Center for Risk Research, Kellogg School of Management, Northwestern UniversityModerator: David R. Bennett, CGFM, CPA, Finance Director, Blount County Government, Blount County, TN; AGA Immediate Past National Treasurer and Member, AGA National Executive CommitteeThis session is designed for the business or technical manager who oversees a business intelligence environment and wishes to learn the best practices and pitfalls of implementing a predictive analytics capability. While panelists discuss some technical issues, the session is designed to educate business managers about how to drive greater value from their existing investments in data warehousing and information delivery systems.

Tuesday, June 23, 200910:50 a.m. – NoonT108: Accountability and Transparency in Government—FFATA, EESA/TARP, and ARRA Requirements and Private Sector PerspectivesMarriott: Gallery 3Thomas N. Cooley, Chief Financial Officer, National Science FoundationDavid S. Ehrlich, CISA, Audit Analyst, Thomson ReutersHagen F. Feuchter, Senior Industry Consultant Risk Management and Financial Services, Teradata Government Systems, LLCModerator: Tim Spadafore, Vice President, Integrated Business ConsultingA discussion of the impact of the FFATA PL 109-282 and EESA TARP PL 110-343 legislation will have on accountability and transparency relating to financial reporting for the federal, state and local governments, and the private sector

















Documents

Association of Government Accountants Corporate Partners Advisory Group