Association of Government Accountants
Corporate Partners Advisory Group
CPAG Research Project
Financial Analysis Pilot ProofAssociation
of Concept
Timeline
04/06/2006
09/26/2006
07/27/2008
Corporate Partners Advisory Group
CORPORATESenate Bill S.2590 – Federal Funding
Introduction
PARTNERS
Accountability
& Transparency Act (FFATA)
ADVISORY GROUP
Enactment
RESEARCHPL 109-282 – Federal Funding Accountability &
Transparency Act (FFATA)
AGA Professional Development Conference (PDC). Atlanta,
GA - Sessions:
Federal Funding Accountability & Transparency Act,
Implementation Perspectives
CPAG Research Project
10/03/2008
Beyond Financial Reporting – Financial Analytics
Enactment PL110-343 – Emergency Economic Stabilization
Act, Troubled Asset Relief Program (EESA/TARP)
02/17/2009
Enactment PL115-15 – American Recovery & Reinvestment
Act (ARRA)
06/04/2009
AGA Breakfast Forum, Ed DeSeve, Federal Stimulus
Program, American Recovery and Relief Act
06/20/2009
AGA Professional Development Conference (PDC). New
Orleans, LA – Sessions:
Financial Analysis Pilot Proof of Concept
Treasury Fiscal Service, Strategic Financial Management
Direction and Plans
Predictive Analytics, How to Stop Problems Before They
Begin
Meeting with Dick Gregg, Association of Government
Accountants, CPAG Research Project Review
Timeline
Department of the Treasury
Fiscal Service
Enterprise Data Warehouse
Accountability and Transparency in Government, FFATA,
EESA/TARP, and ARRA Requirements and Private Sector
Perspectives
09/11/2009
of Government Accountants
November 2, 2009
Association of Government Accountants
Corporate Partners Advisory Group
CPAG Research Project
Financial Analysis Pilot Proof of Concept
Timeline
04/06/2006
09/26/2006
07/27/2008
Introduction Senate Bill S.2590 – Federal Funding
Accountability & Transparency Act (FFATA)
Enactment PL 109-282 – Federal Funding Accountability &
Transparency Act (FFATA)
AGA Professional Development Conference (PDC). Atlanta,
GA - Sessions:
Federal Funding Accountability & Transparency Act,
Implementation Perspectives
10/03/2008
Beyond Financial Reporting – Financial Analytics
Enactment PL110-343 – Emergency Economic Stabilization
Act, Troubled Asset Relief Program (EESA/TARP)
02/17/2009
Enactment PL115-15 – American Recovery & Reinvestment
Act (ARRA)
06/04/2009
AGA Breakfast Forum, Ed DeSeve, Federal Stimulus
Program, American Recovery and Relief Act
06/20/2009
AGA Professional Development Conference (PDC). New
Orleans, LA – Sessions:
Treasury Fiscal Service, Strategic Financial Management
Direction and Plans
Predictive Analytics, How to Stop Problems Before They
Begin
Accountability and Transparency in Government, FFATA,
EESA/TARP, and ARRA Requirements and Private Sector
Perspectives
09/11/2009
Meeting with Dick Gregg, Association of Government
Accountants, CPAG Research Project Review
S. 2590
109TH CONGRESS
2D SESSION S. 2590
AN ACT
To require full disclosure of all entities and organizations
receiving Federal funds.
1 Be it enacted by the Senate and House of Representa2 tives of the United
States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Federal Funding Ac
5 countability and Transparency Act of 2006’’.
Association of Government Accountants
Corporate Partners Advisory Group
CPAG Research Project
Financial Analysis Pilot Proof of Concept
Timeline
04/06/2006
09/26/2006
07/27/2008
Introduction Senate Bill S.2590 – Federal Funding
Accountability & Transparency Act (FFATA)
Enactment PL 109-282 – Federal Funding Accountability &
Transparency Act (FFATA)
AGA Professional Development Conference (PDC). Atlanta,
GA - Sessions:
Federal Funding Accountability & Transparency Act,
Implementation Perspectives
10/03/2008
Beyond Financial Reporting – Financial Analytics
Enactment PL110-343 – Emergency Economic Stabilization
Act, Troubled Asset Relief Program (EESA/TARP)
02/17/2009
Enactment PL115-15 – American Recovery & Reinvestment
Act (ARRA)
06/04/2009
AGA Breakfast Forum, Ed DeSeve, Federal Stimulus
Program, American Recovery and Relief Act
06/20/2009
AGA Professional Development Conference (PDC). New
Orleans, LA – Sessions:
Treasury Fiscal Service, Strategic Financial Management
Direction and Plans
Predictive Analytics, How to Stop Problems Before They
Begin
Accountability and Transparency in Government, FFATA,
EESA/TARP, and ARRA Requirements and Private Sector
Perspectives
09/11/2009
Meeting with Dick Gregg, Association of Government
Accountants, CPAG Research Project Review
Public Law 109–282
109th Congress
An Act
To require full disclosure of all entities and organizations receiving Federal funds.
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Federal Funding Accountability
and Transparency Act of 2006’’.
SEC. 2. FULL DISCLOSURE OF ENTITIES RECEIVING FEDERAL
FUNDING.
(a) DEFINITIONS.—In this section:
(1) ENTITY.—The term ‘‘entity’’—
(A) includes, whether for profit or nonprofit—
(i) A corporation;
(ii) an association;
(iii) a partnership;
(iv) a limited liability company;
(v) a limited liability partnership;
(vi) a sole proprietorship;
(vii) any other legal business entity;
(viii) any other grantee or contractor that is not
excluded by subparagraph (B) or (C); and
(ix) any State or locality;
(B) on and after January 1, 2009, includes any subcontractor
or subgrantee; and
(C) does not include—
(i) an individual recipient of Federal assistance;
or
(ii) a Federal employee.
(2) FEDERAL AWARD.—The term ‘‘Federal award’’—
(A) means Federal financial assistance and expenditures
that—
(i) include grants, subgrants, loans, awards,
cooperative agreements, and other forms of financial
assistance;
(ii) include contracts, subcontracts, purchase
orders, task orders, and delivery orders;
(B) does not include individual transactions below
$25,000; and
(C) before October 1, 2008, does not include credit
card transactions.
(3) SEARCHABLE WEBSITE.—The term ‘‘searchable website’’
means a website that allows the public to—
Association of Government Accountants
Corporate Partners Advisory Group
CPAG Research Project
Financial Analysis Pilot Proof of Concept
Timeline
04/06/2006
09/26/2006
07/27/2008
Introduction Senate Bill S.2590 – Federal Funding
Accountability & Transparency Act (FFATA)
Enactment PL 109-282 – Federal Funding Accountability &
Transparency Act (FFATA)
AGA Professional Development Conference (PDC). Atlanta,
GA - Sessions:
Federal Funding Accountability & Transparency Act,
Implementation Perspectives
10/03/2008
Beyond Financial Reporting – Financial Analytics
Enactment PL110-343 – Emergency Economic Stabilization
Act, Troubled Asset Relief Program (EESA/TARP)
02/17/2009
Enactment PL115-15 – American Recovery & Reinvestment
Act (ARRA)
06/04/2009
AGA Breakfast Forum, Ed DeSeve, Federal Stimulus
Program, American Recovery and Relief Act
06/20/2009
AGA Professional Development Conference (PDC). New
Orleans, LA – Sessions:
Treasury Fiscal Service, Strategic Financial Management
Direction and Plans
Predictive Analytics, How to Stop Problems Before They
Begin
Accountability and Transparency in Government, FFATA,
EESA/TARP, and ARRA Requirements and Private Sector
Perspectives
09/11/2009
Meeting with Dick Gregg, Association of Government
Accountants, CPAG Research Project Review
Sunday, July 27,2008
1 – 2:10 p.m.
S102: Federal Funding Accountability and Transparency Act—
Implementation Perspectives
Julie Basile, Senior Policy Analyst, Office of Federal Procurement
Policy, U.S. Office of Management and Budget
Mark A. Forman, Principal, KPMG LLP
Melinda B. Morgan, Director, Finance Staff, Justice Management
Division, U.S. Department of Justice
Moderator: Andrea Brandon, Deputy Administrator, Cooperative
State Research, Education and Extension Service, U.S. Department
of Agriculture
A discussion of implementation perspectives related to the Federal
Funding Accountability and Transparency Act of 2006 (FFATA). The
law was enacted with the purpose of increasing “transparency and
accountability of federal government expenditures by providing
Wednesday, June 30, 2008
11 a.m. – 12:15 p.m.
W117: Beyond Financial Reporting—Financial Analytics
Linda M. Combs, Controller, U.S. Office of Management and
Budget
Mark A. Forman, Principal, KPMG LLP
Melinda B. Morgan, Director, Finance Staff, Justice Management
Division, U.S. Department of Justice
The panel discusses federal financial management strategic
opportunities regarding information management and the use of
business analytics. Business analytics helps to answer the more
complex business questions that are required to accurately drive
strategy and execution. As an ongoing process, analytics continually
increase knowledge, based on the expanding historic information
gathered in today's data warehouses.
Association of Government Accountants
Corporate Partners Advisory Group
CPAG Research Project
Financial Analysis Pilot Proof of Concept
Timeline
04/06/2006
09/26/2006
07/27/2008
Introduction Senate Bill S.2590 – Federal Funding
Accountability & Transparency Act (FFATA)
Enactment PL 109-282 – Federal Funding Accountability &
Transparency Act (FFATA)
AGA Professional Development Conference (PDC). Atlanta,
GA - Sessions:
Federal Funding Accountability & Transparency Act,
Implementation Perspectives
10/03/2008
Beyond Financial Reporting – Financial Analytics
Enactment PL110-343 – Emergency Economic Stabilization
Act, Troubled Asset Relief Program (EESA/TARP)
02/17/2009
Enactment PL115-15 – American Recovery & Reinvestment
Act (ARRA)
06/04/2009
AGA Breakfast Forum, Ed DeSeve, Federal Stimulus
Program, American Recovery and Relief Act
06/20/2009
AGA Professional Development Conference (PDC). New
Orleans, LA – Sessions:
Treasury Fiscal Service, Strategic Financial Management
Direction and Plans
Predictive Analytics, How to Stop Problems Before They
Begin
Accountability and Transparency in Government, FFATA,
EESA/TARP, and ARRA Requirements and Private Sector
Perspectives
09/11/2009
Meeting with Dick Gregg, Association of Government
Accountants, CPAG Research Project Review
PUBLIC LAW 110–343—OCT. 3, 2008 122 STAT. 3765
Public Law 110–343
110th Congress
An Act
To provide authority for the Federal Government to purchase and insure
Certain types of troubled assets for the purposes of providing stability to
and preventing disruption in the economy and financial system and
protecting taxpayers, to amend the Internal Revenue Code of 1986 to
provide incentives for energy production and conservation, to extend certain
expiring provisions, to provide individual income tax relief, and for other
purposes.
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
DIVISION A—EMERGENCY ECONOMIC
STABILIZATION
SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.
(a) SHORT TITLE.—This division may be cited as the ‘‘Emergency
Economic Stabilization Act of 2008’’.
(b) TABLE OF CONTENTS.—The table of contents for this division
is as follows:
Sec. 1. Short title and table of contents.
Sec. 2. Purposes.
Sec. 3. Definitions.
TITLE I—TROUBLED ASSETS RELIEF PROGRAM
Sec. 101. Purchases of troubled assets.
Sec. 102. Insurance of troubled assets.
Sec. 103. Considerations.
Sec. 104. Financial Stability Oversight Board.
Sec. 105. Reports.
Sec. 106. Rights; management; sale of troubled assets; revenues and sale
proceeds.
Sec. 107. Contracting procedures.
Sec. 108. Conflicts of interest.
Sec. 109. Foreclosure mitigation efforts.
Sec. 110. Assistance to homeowners.
Sec. 111. Executive compensation and corporate governance.
Sec. 112. Coordination with foreign authorities and central banks.
Sec. 113. Minimization of long-term costs and maximization of benefits for
taxpayers.
Sec. 114. Market transparency.
Sec. 115. Graduated authorization to purchase.
Sec. 116. Oversight and audits.
Association of Government Accountants
Corporate Partners Advisory Group
CPAG Research Project
Financial Analysis Pilot Proof of Concept
Timeline
04/06/2006
09/26/2006
07/27/2008
Introduction Senate Bill S.2590 – Federal Funding
Accountability & Transparency Act (FFATA)
Enactment PL 109-282 – Federal Funding Accountability &
Transparency Act (FFATA)
AGA Professional Development Conference (PDC). Atlanta,
GA - Sessions:
Federal Funding Accountability & Transparency Act,
Implementation Perspectives
10/03/2008
Beyond Financial Reporting – Financial Analytics
Enactment PL110-343 – Emergency Economic Stabilization
Act, Troubled Asset Relief Program (EESA/TARP)
02/17/2009
Enactment PL115-15 – American Recovery & Reinvestment
Act (ARRA)
06/04/2009
AGA Breakfast Forum, Ed DeSeve, Federal Stimulus
Program, American Recovery and Relief Act
06/20/2009
AGA Professional Development Conference (PDC). New
Orleans, LA – Sessions:
Treasury Fiscal Service, Strategic Financial Management
Direction and Plans
Predictive Analytics, How to Stop Problems Before They
Begin
Accountability and Transparency in Government, FFATA,
EESA/TARP, and ARRA Requirements and Private Sector
Perspectives
09/11/2009
Meeting with Dick Gregg, Association of Government
Accountants, CPAG Research Project Review
PUBLIC LAW 111–5—FEB. 17, 2009 123 STAT. 115
Public Law 111–5
111th Congress
An Act
Making supplemental appropriations for job preservation and creation,
infrastructure Investment, energy efficiency and science, assistance to the
unemployed, and State and local fiscal stabilization, for the fiscal year
ending September 30, 2009, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘American Recovery and Reinvestment
Act of 2009’’.
SEC. 2. TABLE OF CONTENTS.
The table of contents for this Act is as follows:
DIVISION A—APPROPRIATIONS PROVISIONS
TITLE I—AGRICULTURE, RURAL DEVELOPMENT, FOOD AND
DRUG ADMINISTRATION, AND RELATED AGENCIES
TITLE II—COMMERCE, JUSTICE, SCIENCE, AND RELATED
AGENCIES
TITLE III—DEPARTMENT OF DEFENSE
TITLE IV—ENERGY AND WATER DEVELOPMENT
TITLE V—FINANCIAL SERVICES AND GENERAL GOVERNMENT
TITLE VI—DEPARTMENT OF HOMELAND SECURITY
TITLE VII—INTERIOR, ENVIRONMENT, AND RELATED AGENCIES
TITLE VIII—DEPARTMENTS OF LABOR, HEALTH AND HUMAN
SERVICES, AND EDUCATION, AND RELATED
AGENCIES
TITLE IX—LEGISLATIVE BRANCH
TITLE X—MILITARY CONSTRUCTION AND VETERANS AFFAIRS
AND RELATEDAGENCIES
TITLE XI—STATE, FOREIGN OPERATIONS, AND RELATED
PROGRAMS
TITLE XII—TRANSPORTATION, HOUSING AND URBAN
DEVELOPMENT, ANDRELATED AGENCIES
TITLE XIII—HEALTH INFORMATION TECHNOLOGY
TITLE XIV—STATE FISCAL STABILIZATION FUND
TITLE XV—ACCOUNTABILITY AND TRANSPARENCY
TITLE XVI—GENERAL PROVISIONS—THIS ACT
DIVISION B—TAX, UNEMPLOYMENT, HEALTH, STATE FISCAL
RELIEF, ANDOTHER PROVISIONS
TITLE I—TAX PROVISIONS
Association of Government Accountants
Corporate Partners Advisory Group
CPAG Research Project
Financial Analysis Pilot Proof of Concept
Timeline
04/06/2006
09/26/2006
07/27/2008
Introduction Senate Bill S.2590 – Federal Funding
Accountability & Transparency Act (FFATA)
Enactment PL 109-282 – Federal Funding Accountability &
Transparency Act (FFATA)
AGA Professional Development Conference (PDC). Atlanta,
GA - Sessions:
Federal Funding Accountability & Transparency Act,
Implementation Perspectives
10/03/2008
Beyond Financial Reporting – Financial Analytics
Enactment PL110-343 – Emergency Economic Stabilization
Act, Troubled Asset Relief Program (EESA/TARP)
02/17/2009
Enactment PL115-15 – American Recovery & Reinvestment
Act (ARRA)
06/04/2009
AGA Breakfast Forum, Ed DeSeve, Federal Stimulus
Program, American Recovery and Relief Act
06/20/2009
AGA Professional Development Conference (PDC). New
Orleans, LA – Sessions:
Treasury Fiscal Service, Strategic Financial Management
Direction and Plans
Predictive Analytics, How to Stop Problems Before They
Begin
Accountability and Transparency in Government, FFATA,
EESA/TARP, and ARRA Requirements and Private Sector
Perspectives
09/11/2009
Meeting with Dick Gregg, Association of Government
Accountants, CPAG Research Project Review
Association of Government Accountants
Corporate Partners Advisory Group
CPAG Research Project
Financial Analysis Pilot Proof of Concept
Timeline
04/06/2006
09/26/2006
07/27/2008
Introduction Senate Bill S.2590 – Federal Funding
Accountability & Transparency Act (FFATA)
Enactment PL 109-282 – Federal Funding Accountability &
Transparency Act (FFATA)
AGA Professional Development Conference (PDC). Atlanta,
GA - Sessions:
Federal Funding Accountability & Transparency Act,
Implementation Perspectives
10/03/2008
Beyond Financial Reporting – Financial Analytics
Enactment PL110-343 – Emergency Economic Stabilization
Act, Troubled Asset Relief Program (EESA/TARP)
02/17/2009
Enactment PL115-15 – American Recovery & Reinvestment
Act (ARRA)
06/04/2009
AGA Breakfast Forum, Ed DeSeve, Federal Stimulus
Program, American Recovery and Relief Act
06/20/2009
AGA Professional Development Conference (PDC). New
Orleans, LA – Sessions:
Treasury Fiscal Service, Strategic Financial Management
Direction and Plans
Predictive Analytics, How to Stop Problems Before They
Begin
Accountability and Transparency in Government, FFATA,
EESA/TARP, and ARRA Requirements and Private Sector
Perspectives
09/11/2009
Meeting with Dick Gregg, Association of Government
Accountants, CPAG Research Project Review
Monday, June 22, 2009
10:30 – 11:45 a.m.
M104: Treasury Fiscal Service, Strategic Financial Management Direction and Plans
Marriott: Balconies L – N
Scott Bell, MBA, CGFM, Senior Accountant, Financial Management Services, U.S.
Department of the Treasury
Carrie Hug, MS, CGFM, CPA, U.S. Department of the Treasury
James Sturgill, Assistant Commissioner, Financial Management Service, U.S. Department
of Treasury
Moderator: Jeff Bateman, Vice President, Strategic Programs and Alliances, Teradata
Government Systems, LLC
This session explores the strategic plans of the Department of the Treasury, Fiscal Service,
related to the next generation of financial management and debt management initiatives.
Monday June 22, 2009
4:10 – 5:20 p.m.
M121: Predictive Analytics—How to Stop Problems Before They Begin
Marriott: Balconies L – N
Jeff Lovett, Director, Finance and Performance Management, Teradata Corporation
Russell Walker, Ph.D., Assistant Director of the Zell Center for Risk Research, Kellogg
School of Management, Northwestern University
Moderator: David R. Bennett, CGFM, CPA, Finance Director, Blount County Government,
Blount County, TN; AGA Immediate Past National Treasurer and Member, AGA National
Executive Committee
This session is designed for the business or technical manager who oversees a business
intelligence environment and wishes to learn the best practices and pitfalls of implementing
a predictive analytics capability. While panelists discuss some technical issues, the session
is designed to educate business managers about how to drive greater value from their
existing investments in data warehousing and information delivery systems.
Tuesday, June 23, 2009
10:50 a.m. – Noon
T108: Accountability and Transparency in Government—FFATA, EESA/TARP, and ARRA
Requirements and Private Sector Perspectives
Marriott: Gallery 3
Thomas N. Cooley, Chief Financial Officer, National Science Foundation
David S. Ehrlich, CISA, Audit Analyst, Thomson Reuters
Hagen F. Feuchter, Senior Industry Consultant Risk Management and Financial Services,
Teradata Government Systems, LLC
Moderator: Tim Spadafore, Vice President, Integrated Business Consulting
A discussion of the impact of the FFATA PL 109-282 and EESA TARP PL 110-343
legislation will have on accountability and transparency relating to financial reporting for the
federal, state and local governments, and the private sector
Association of Government Accountants
Corporate Partners Advisory Group
CPAG Research Project
Financial Analysis Pilot Proof of Concept
Timeline
04/06/2006
09/26/2006
07/27/2008
Introduction Senate Bill S.2590 – Federal Funding
Accountability & Transparency Act (FFATA)
Enactment PL 109-282 – Federal Funding Accountability &
Transparency Act (FFATA)
AGA Professional Development Conference (PDC). Atlanta,
GA - Sessions:
Federal Funding Accountability & Transparency Act,
Implementation Perspectives
10/03/2008
Beyond Financial Reporting – Financial Analytics
Enactment PL110-343 – Emergency Economic Stabilization
Act, Troubled Asset Relief Program (EESA/TARP)
02/17/2009
Enactment PL115-15 – American Recovery & Reinvestment
Act (ARRA)
06/04/2009
AGA Breakfast Forum, Ed DeSeve, Federal Stimulus
Program, American Recovery and Relief Act
06/20/2009
AGA Professional Development Conference (PDC). New
Orleans, LA – Sessions:
Treasury Fiscal Service, Strategic Financial Management
Direction and Plans
Predictive Analytics, How to Stop Problems Before They
Begin
Accountability and Transparency in Government, FFATA,
EESA/TARP, and ARRA Requirements and Private Sector
Perspectives
09/11/2009
Meeting with Dick Gregg, Association of Government
Accountants, CPAG Research Project Review