Outlook for DOD FMers - PowerPoint PPT Presentation

Leo
outlook for dod fmers l.
Skip this Video
Loading SlideShow in 5 Seconds..
Outlook for DOD FMers PowerPoint Presentation
Download Presentation
Outlook for DOD FMers

play fullscreen
1 / 29
Download Presentation
Outlook for DOD FMers
289 Views
Download Presentation

Outlook for DOD FMers

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. American Society of Military Comptrollers Outlook for DOD FMers The Role of ASMC Hon. Robert F. Hale, CDFM Executive Director American Society of Military Comptrollers

  2. Outlook for DoD FMers • Key trends affecting financial managers • Defense budget trends • Pressures of war • Demands for accountability • Demands for transformation • FM workforce trends • How ASMC can help accommodate trends

  3. Defense Budget Up Sharply (in constant FY06 dollars) FY00-05: 45% 496 499 495 342

  4. Modest Growth Planned (nominal dollars) Basic Budget FY06-11: 4.2%/yr +??? 538 504 491 *Administration’s Feb 06 budget request

  5. Deficits Declining But Substantial(Total Federal Deficit in $B) +236 -205 -318 -423 Source: Administration’s Feb 06 Budget Request

  6. Threats Determine DoD Budgets(Constant FY05 Dollars) Korea Reagan buildup War on Terrorism Vietnam 50 60 70 80 90 00 05

  7. Summary of Near-Term DoD Budget Trends • Budgets up sharply over past 5 years • More workload • Tight budgets continue • Modest growth likely for next 5 years • Tight budgets will continue

  8. Key Trends Affecting Defense Financial Managers • Defense budget trends • Pressures of war • Demands for accountability • Demands for transformation • FM workforce trends

  9. Pressures of War • Rapid shifts in fiscal requirements • Hard for budget process to keep up • Rapid shifts in execution needs • Wartime acquisition a particular challenge • Executing budget in a war zone a consuming challenge

  10. Demands for Accountability • Criticism of wartime funds execution • Comptroller General: “extreme difficulty getting the Department to provide a full accounting (of Iraq funds)” • Lack of timely, accurate financial information • DoD “red” for fin mgt on Pres Mgt Agenda (2005) • No auditable financial statements • DoD one of only 4 federal agencies without auditable financial statements • Ethics issues of concern

  11. Demands for Transformation • Transformation a key goal of this Administration • There are important barriers to transformation in DoD • Bottom line on transformation • Keep trying, but be realistic

  12. Key Trends Affecting Defense Financial Managers • Defense budget trends • Pressure of war • Demands for accountability • Demands for transformation • FM workforce trends

  13. Defense FinancialManagement Workforce 41507 ??? 10340 Source: (civilian) OPM Fedscope system, GS5xx personnel (as of 9/05) (military) DMDC (as of 8/05)

  14. DoD FM Civilian Workforce Declining in Size Avg Decline: 1.7% per year 46821 41507 Source: OPM Fedscope system, GS5xx personnel

  15. DoD FM Civilian Workforce Aging(as of Sept 2005) 46% Age 50 and Above

  16. DoD Financial Managers Have Their Budgetary Hands Full In FY05: $920 per hour In FY98: $640 per hour

  17. Summary of Key Trends • Defense budget trends • Pressures of war • Demands for accountability • Transformation pressure • Workforce trends • BRAC Uncertainty & Change

  18. Summary of Key Trends Uncertainty & Change • Defense budget trends • Pressures of war • Demands for accountability • Transformation pressure • Workforce trends • BRAC Promise & Opportunity

  19. Outlook for DoD FMers • Key trends affecting financial managers • How ASMC can help accommodate trends • … and enhance your career

  20. How ASMC Can Help You • Keep you informed • And broaden your perspective • Help you stand out • Help you be a leader • Provide member benefits

  21. National Professional Development Institute (PDI) Virtual Library (www.asmconline.org) Regional PDIs Chapter meeting presentations Audio conferences Journal improvements Videotaping FM leaders Keep You Informed Breadth and Depth of Knowledge … and Contacts

  22. Help You Stand Out • Certified Defense Financial Manager • Enhanced Defense Financial Management training • ASMC awards • Active ASMC membership

  23. Certified Defense Financial Manager (CDFM) • Must pass three-module test • Resource management environment • Budget and cost analysis • Accounting and finance • Optional: acquisition (PDI 2006) • Must have minimum level of experience • Two to four years of relevant experience • Must accept Pledge of Professionalism • Must complete Continuing Professional Education • 80 hours every two years More Info: www.asmconline.org

  24. Help You Stand Out • Certified Defense Financial Manager • Enhanced Defense Financial Management training • CDFM training • Pre-conference CDFM training at PDI 2006 • Free CDFM training at chapters • Self study • ASMC awards • Active ASMC membership

  25. Help You Be a Leader • Currency of knowledge • Breadth of knowledge • Pledge of professionalism • Leadership opportunities • In your ASMC chapter • In community service

  26. Provide Other Member Benefits • Discounts on CDFM enrollment • Discounts on national PDI registration • Continuing education grants • Affinity programs • University of Phoenix online discounts • Pentagon Federal Credit Union VISA card

  27. New Ways to Keep ASMC Strong Audio conferences Video taping Improve outreach to corporate members Enhance CDFM Strengthen Journal and Web Online registration and data access

  28. Summary • Key trends suggest change .. but also opportunity • Budgets up, but still tight • Demands for accountability remain strong • FM government workforce declining and aging • ASMC can help you • Keep you informed • Broaden your perspectives • Let you stand out • Help you be a leader More About ASMC: www.asmconline.org