§ 902. — Authority and functions of agency Chief Financial Officers.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC902]
TITLE 31--MONEY AND FINANCE
SUBTITLE I--GENERAL
CHAPTER 9--AGENCY CHIEF FINANCIAL OFFICERS
Sec. 902. Authority and functions of agency Chief Financial
Officers
(a) An agency Chief Financial Officer shall--
(1) report directly to the head of the agency regarding
financial management matters;
(2) oversee all financial management activities relating to the
programs and operations of the agency;
(3) develop and maintain an integrated agency accounting and
financial management system, including financial reporting and
internal controls, which--
(A) complies with applicable accounting principles,
standards, and requirements, and internal control standards;
(B) complies with such policies and requirements as may be
prescribed by the Director of the Office of Management and
Budget;
(C) complies with any other requirements applicable to such
systems; and
(D) provides for--
(i) complete, reliable, consistent, and timely
information which is prepared on a uniform basis and which
is responsive to the financial information needs of agency
management;
(ii) the development and reporting of cost information;
(iii) the integration of accounting and budgeting
information; and
(iv) the systematic measurement of performance;
(4) make recommendations to the head of the agency regarding the
selection of the Deputy Chief Financial Officer of the agency;
(5) direct, manage, and provide policy guidance and oversight of
agency financial management personnel, activities, and operations,
including--
(A) the preparation and annual revision of an agency plan
to--
(i) implement the 5-year financial management plan
prepared by the Director of the Office of Management and
Budget under section 3512(a)(3) of this title; and
(ii) comply with the requirements established under
sections 3515 and subsections (e) and (f) of section 3521 of
this title;
(B) the development of agency financial management budgets;
(C) the recruitment, selection, and training of personnel to
carry out agency financial management functions;
(D) the approval and management of agency financial
management systems design or enhancement projects;
(E) the implementation of agency asset management systems,
including systems for cash management, credit management, debt
collection, and property and inventory management and control;
(6) prepare and transmit, by not later than 60 days after the
submission of the audit report required by section 3521(f) of this
title, an annual report to the agency head and the Director of the
Office of Management and Budget, which shall include--
(A) a description and analysis of the status of financial
management of the agency;
(B) the annual financial statements prepared under section
3515 of this title;
(C) the audit report transmitted to the head of the agency
under section 3521(f) of this title;
(D) a summary of the reports on internal accounting and
administrative control systems submitted to the President and
the Congress under the amendments made by the Federal Managers'
Financial Integrity Act of 1982 (Public Law 97-255); and
(E) other information the head of the agency considers
appropriate to fully inform the President and the Congress
concerning the financial management of the agency;
(7) monitor the financial execution of the budget of the agency
in relation to actual expenditures, and prepare and submit to the
head of the agency timely performance reports; and
(8) review, on a biennial basis, the fees, royalties, rents, and
other charges imposed by the agency for services and things of value
it provides, and make recommendations on revising those charges to
reflect costs incurred by it in providing those services and things
of value.
(b)(1) In addition to the authority otherwise provided by this
section, each agency Chief Financial Officer--
(A) subject to paragraph (2), shall have access to all records,
reports, audits, reviews, documents, papers, recommendations, or
other material which are the property of the agency or which are
available to the agency, and which relate to programs and operations
with respect to which that agency Chief Financial Officer has
responsibilities under this section;
(B) may request such information or assistance as may be
necessary for carrying out the duties and responsibilities provided
by this section from any Federal, State, or local governmental
entity; and
(C) to the extent and in such amounts as may be provided in
advance by appropriations Acts, may--
(i) enter into contracts and other arrangements with public
agencies and with private persons for the preparation of
financial statements, studies, analyses, and other services; and
(ii) make such payments as may be necessary to carry out the
provisions of this section.
(2) Except as provided in paragraph (1)(B), this subsection does not
provide to an agency Chief Financial Officer any access greater than
permitted under any other law to records, reports, audits, reviews,
documents, papers, recommendations, or other material of any Office of
Inspector General established under the Inspector General Act of 1978 (5
U.S.C. App.).
(Added Pub. L. 101-576, title II, Sec. 205(a), Nov. 15, 1990, 104 Stat.
2843.)
References in Text
The Federal Managers' Financial Integrity Act of 1982, referred to
in subsec. (a)(6)(D), is Pub. L. 97-255, Sept. 8, 1982, 96 Stat. 814,
which added subsec. (d) to section 66a of former Title 31, Money and
Finance. Section 66a of former Title 31 was repealed by Pub. L. 97-258,
Sec. 5(b), Sept. 13, 1982, 96 Stat. 1068, and reenacted by the first
section thereof as section 3512 of this title. Provisions relating to
reports on internal accounting and administrative control systems are
restated in section 3512(d)(2) and (3) of this title.
The Inspector General Act of 1978, referred to in subsec. (b)(2), is
Pub. L. 95-452, Oct. 12, 1978, 92 Stat. 1101, as amended, which is set
out in the Appendix to Title 5, Government Organization and Employees.
Section Referred to in Other Sections
This section is referred to in sections 901, 3512 of this title;
title 12 sections 1441a, 1821, 4703; title 38 section 309.
