Gerard Badorrek
Gerard Badorrek is the Chief Financial Officer of the U.S. General Services Administration (GSA).
What is a CFO Act agency?
GAO published a booklet to help agency managers and other interested parties: (1) become familiar with the Chief Financial Officers (CFO) Act of 1990, which gives the Office of Management and Budget (OMB) broad, new authority and responsibility for directing federal financial management, modernizing the government’s …
Is CFO higher than CEO?
What is a CFO? The CFO has the highest-ranking financial position in a company and reports directly to the CEO. The CFO is responsible for the company’s financial business practices and keeping these within industry standards.
Does treasurer report to CFO?
As such, a treasurer is often a member of a company’s senior management team, usually reporting directly to the CFO or even commanding a seat on the board of directors.
What was the Chief Financial Officer Act of 1990?
CHIEF FINANCIAL OFFICERS ACT OF 1990 AND FEDERAL FINANCIAL MANAGEMENT ACT OF 1994. The Chief Financial Officer Act of 1990 (CFO Act) provided tight financial control over agency operations and the central coordination of financial management functions to support an efficient administration of the executive branch.
How did the CFO Act change financial management?
The CFO Act changed federal financial management in three ways: It created a new organizational structure for financial management, it encouraged the development of new and compatible accounting systems, and it required new forms of reporting.
When was the Office of federal financial management created?
The Chief Financial Officers Act (CFO) of 1990 created OFFM as the Executive Branch’s focal point in a framework for more effective Federal financial management.
Who are the Chief Financial Officers of the federal government?
Chief Financial Officers Act. The Act created a new position in the OMB, the Deputy Director for Management, who is the government’s chief financial management official. It also created a new sub-division of the OMB, the Office of Federal Financial Management (OFFM), to carry out government-wide financial management responsibilities.
