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Risk Management Agency RMA ULO Executive Summary Report

Office of the Chief Financial Officer. 1. Purpose of Quarterly Report Design . Provide management a clearer picture of available funds and amountsAnalyze various funds to show business impactFarm Bill initiatives increased Fund 0886Make multiple detailed reports usableNeed to identify open oblig

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Risk Management Agency RMA ULO Executive Summary Report

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    1. Risk Management Agency (RMA) ULO Executive Summary Report Presented by Margo Erny CFO RMA

    2. Office of the Chief Financial Officer 1 Purpose of Quarterly Report Design Provide management a clearer picture of available funds and amounts Analyze various funds to show business impact Farm Bill initiatives increased Fund 0886 Make multiple detailed reports usable Need to identify open obligation issues that required elevation

    3. Office of the Chief Financial Officer 2 Purpose of Quarterly Report Design Provide snapshot of usable information Detailed Brio report down to line item description sent out to cost centers for quarterly review FDW monthly open obligation verification of funds reports ULO data mart by age of last activity Meet Department reporting requirements for Unliquidated Obligations Quarterly Reporting Certification letter ULO data mart query

    4. Office of the Chief Financial Officer 3 RMA Executive Summary Report

    5. Office of the Chief Financial Officer 4 RMA Total Unliquidated Obligations This section compares the same period in FY 2010 to FY 2009. Shows variance by percentage for: Funds Trans Type Balances Number of Lines Notes are added as needed.

    6. Office of the Chief Financial Officer 5 Comparison of 2010 to 2009 ULO Exceeding One Year Compares funds, balances, and number of lines. Provides variance percentages. Indicates number and amount of valid ULO’s based on information from cost centers and Accounting Staff. Indicates ULO’s that do not have adequate information available. Lists ULO’s with problems deobligating. Shows amounts deobligated as result of review. Also shows USDA Financial Scorecard for 24 and 12 months.

    7. Office of the Chief Financial Officer 6 Advantages of Summary Information Understandable Metrics Elevation of issues Identified by Accounting Branch and Cost Centers Noted in lower left area of report Applicable to Performance Reviews Relevant to RMA Senior management and FCIC Board of Directors

    8. Office of the Chief Financial Officer 7 Questions?

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