Treasury Department Building

Financial Innovation & Transformation (FIT): Current Initiatives

In support of FIT’s role as the Managing Partner of the FMLoB, FIT is focused on several initiatives aimed at improving federal financial management through Innovation, Transformation and Optimization.

FIT's Current Initiatives

  • Federal Financial Management Standard Data Elements

    FIT has identified an inventory of Federal Financial Management Standard Data Elements which reflect the data elements needed to meet the requirements defined in the Federal Financial Management System Requirements (FFMSR).

Quick References

OMB 16-11, Improving Administrative Functions Through Shared Services

Circular No. A-123 Appendix D, Compliance with the Federal Financial Management Improvement Act of l996

OMB M 13-08, Improving Financial Systems Through Shared Services

OMB M 10-26, Immediate Review of Financial Systems IT Projects

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