The Future of Defense Financial Management and You

Report
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

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