The Office of Federal Financial Management (OFFM) is a sub-division the United States Office of Management and Budget.
OFFM responsibilities include implementing the financial management improvement priorities of the President, establishing government-wide financial management policies of executive agencies, and carrying out the financial management functions of the CFO Act of 1990.
The Office was created by the Chief Financial Officers Act of 1990 (CFO Act), signed into law by President George H.W. Bush in 1990.
The OFFM's chief officer is the Controller. The Controller of the OFFM is appointed by the President of the United States with the advice and consent of the U.S. Senate.
Famous quotes containing the words office of, office, federal, financial and/or management:
“This century fulfills the office of road-laborer for the society of the future. We make the road, others will make the journey.”
—Victor Hugo (1802–1885)
“Thus, historically viewed, it has been the office of art to educate the perception of beauty. We are immersed in beauty, but our eyes have no clear vision.”
—Ralph Waldo Emerson (1803–1882)
“Daniel as a lad bought a handkerchief on which the Federal Constitution was printed; it is said that at intervals while working in the meadows around this house, he would retire to the shade of the elms and study the Constitution from his handkerchief.”
—For the State of New Hampshire, U.S. public relief program (1935-1943)
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“The Management Area of Cherokee
National Forest, interested in fish,
Has mapped Tellico and Bald Rivers
And North River, with the tributaries
Brookshire Branch and Sugar Cove Creed:
A fishy map for facile fishery....”
—Allen Tate (1899–1979)