For 10 years now, NASA has celebrated their Shared Services Centers with locations across America. The law is called SECURE 2.0, and it is a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in 2019. And finally, to incorporate flexibility. DOL covers 10 million employers and 125 million workers. In summary, it was observed that the six agencies and departments have varying levels of maturity in terms of WCFs and rate setting. Their $661.8 million budget is currently funneled into ten separate appropriations that feed into nine separate division accounts and one central account. PSI-I requirements and budgets are The first component includes two lines of service: telecommunications services and enterprise acquisition services. The WCFs of the Department of Commerce, the Census Bureau, and the Food and Drug Administration were presented by each respective panelist. Secondly, Mr. Carroll reflected on AOCs time preparing to disseminate and present their WCF plan. This will replace the current allocation process, which is manual, cumbersome, and non-transparent. Welcome! This can impact the ability to make long-term investments, a scale for large customers, and expand service offerings. It suggests a complete planning and budget formulation as well as rate setting in the budget year and for the subsequent or possibly two fiscal years. PDF FS Form 7600B United States Government Order Form Instructions Through an integrated approach across our firm, we seek to provide innovative financial solutions and investment vehicles to create lasting value and positive economic impact for our investors, companies, and communities. In his current role, Mr. Mahoney is responsible for advancing the strategic management of human capital at DOC and manages the Office of Human Resource Management.. He initiated a discussion of how WCFs can prove that they are saving their agencies money. WCFs operate more like a business than a traditional government service, offering and scaling services in response to customer demand, and . This article discusses the race between tech companies to monetize AI and how widespread adoption might affect workers, the economy, and society in general. The second component includes computing services. Moreover, customers have better insights into their costs for services. a\^hD.Cy1BYz Chris Richey The Department of the Interiors presentation discussed the Departments Working Capital and Franchise Funds, looking at the budget and legislative authorities, service providers, and governance structures involved in the management of each. The meeting was introduced by Jim Taylor and Jennifer Ayers. 20,500 Responses were compiled, analyzed, and presented to the Rate Setting SIG. Last but not least, Mr. Turner and Ms. Stamey presented their four lessons learned regarding the WCF. Far behind, financial management and field services require $50 million and $42 million, respectively. At Docsa Capital Management, Inc., we believe that clear, unbiased information can help you make sound financial decisions. This activity consists of two main components. The WCFs of the Environmental Protection Agency, Department of Commerce, and Housing and Urban Development Agency were presented by each respective panelist. It made a huge difference in how to manage the WCF. Following Mr. Carrolls presentation, Renee Miller, Director of the Working Capital Fund Staff, Office of the Controller in the U.S. Environmental Protection Agency (EPA), presented the first WCF Strategic Interest Group (SIG) White Paper. Capital Access Program | Texas Economic Development | Office of the This article looks at four good reasons why life insurance can be especially helpful in a challenging economy. At DLA, he identified more than $50 million in administrative and operational savingsa transformation cited by the Partnership for Public Service as a model for other federal agencies. DCSA Acquisition and Contracting, Quantico, Virginia, is the contracting activity. Conclusively, the next steps for the Working Capital Fund Symposium were evaluated. The mission of the WCF is to provide an effective financing mechanism to support those services the Secretary, with the approval of the Director of the Office of Management and Budget, determines may be performed more effectively as central services PDF Volume 9, Issue 4 11,000 . The authors, publisher and host are not providing legal, accounting or specific advice concerning your situation. Al talked about the challenges and successes of his implementation of ERM. The total WCF budget accounts for $400 million in the fiscal year 2018a 58 percent increase in five years. Why Buy Life Insurance During Unsettled Economic Times? This budget enables the agency to implement the White House's national security strategy. Not only does this allow the opportunity to develop processes over time, but also facilitates a steady change management process for customers and service providers. will evaluate whether a WCF is a right tool for a department or agency. The target members are federal agencies, human capital professionals, IT, budget, and performance professionals. Finally, Jennifer Ayers provided an update on the readiness assessment overview, which This model is particularly useful because it acts as the single source for all indirect and direct expenses, specifically regarding employee and contractor leave. Patent and trademark fee collections must recover USPTO operating costs. It runs on a five-year, performance-based budget. A Rate Setting SIG has already been established, and volunteers will be solicited for the formation of groups on governance, decision making, and reporting requirements. you consent to acceptance of the change. 2007 W. Martin St. 10 USC 2208: Working-capital funds - House Defense Primer: Defense Working Capital Funds February 15, 2023. On Thursday, April 20, the National Academy of Public Administration and Grant Thornton hosted a Working Capital Fund Symposium on change, process improvements, and efficiencies of WCFs. Join to view profile Capital Group . The major service category of DOLs WCF constitutes IT services, support, and infrastructure with $180 million. 2235 and is defined as: A fund without fiscal year limitation for payment of salaries and other costs for centrally managed services approved by: Public Law 78-129 (legislation creating the WCF) Janice Blake-Green, Director of the Division of Client Financial Management Services at DOL, provided a comprehensive assessment of her departments WCF implementation. The mission of the NASA WCF is to establish a revolving fund that promotes economy, efficiency and accountability with fully reimbursed rates while focusing on streamlining operations, extending resources and measuring performance, and improving customer satisfaction and is focused on supporting shared services use. Business unit requirements are allocated to a strategic goal and business line using sophisticated activity-based information models. Jennifer Ayers serves as the Director in the Office of the Secretary of Financial Management, Department of Commerce (DOC). They want to be able to move resources around in a transparent way. It is responsible for the maintenance, renovation, and new construction of the buildings and grounds on Capitol Hill. They also talked about cultural challenges in developing an ERM program, budgetary risks, and how federal agencies generally think about ERM. By using this Site or clicking on OK, Mr. Ohri serves as the Director of Budget Formulation and Analysis, Office of the Secretary of Financial Management, Department of Commerce (DOC). The Defense Working Capital Fund (DWCF) allows the federal government to purchase and repair activities to account for costs and revenue as if it were a commercial business. The cumulative face value of the contract to date is $138,077,939. PDF Fy 2022 Congressional Budget Justification Working Capital Fund Programs It highlights 2-3 topics that will be researched in the 3 months between the WCF Symposia. Under Secretary of Defense (Comptroller) > Budget Materials Click Austin, Texas 78702 The group is involved in DOD, DOC, EPA, CDC, DHS, and others, and thus far volunteer members have met to discuss rate-setting pain issues and a survey has been sent to collect additional information regarding rate-setting activities of group members. PDF DCSA Small Business Program Overview info@liftfund.com, (512) 472-8087 Department of Defense Contracts for Jan. 30, 2020 - HS Today Material presented on our website is believed to be from reliable sources, but we make no representation as to its accuracy or completeness. the internal coordination, external approvals, customer engagement, and formal change management process, the calculation and obtainments of seed finances and the transfer of appropriated funding to the customer base, and, the accounting system and personnel changes, Symposium refresh to a larger Cost Management Symposium with 2 tracks. Participating lenders are the primary point of contact for prospective applicants. On Thursday, September 17, the National Academy of Public Administration and Grant Thornton hosted the initial Working Capital Fund Symposium. WCFs are growing and hence to become more important, and as they do solutions need to be found. You can review interesting Flipbooks on our site. The USDA Working Capital Fund (WCF) was established in 1944 (7 U.S.C. She opened up a roundtable discussion about WCF changes, process improvements, and effectiveness focusing on the impact of changes in the fiscal administration in the first quarter of 2017. Houston, Texas 77024. The meetings identify and promulgate best practices that allow for reliable, flexible, and transparent approaches to financing agency operations. It is about defining a consistent costing and pricing methodology across providers, including the option for service bundles and alignment to service catalogs. WCFs in the DOC work as non-appropriated accounts financing on a reimbursable basis Department-wide administrative services that are more efficiently and economically performed centrally. DITCO provides complete contracting support and services. DISA has a total budget of $11.9 billion and receives funding through both congressional appropriations of $3.4 billion and a Defense Working Capital Fund (DWCF) of $8.5 billion. It is intended to generate adequate revenue to cover the full cost of its operations and to finance the fund's continuing operations without fiscal year limitation. Appreciated property held for more than one year may be donated to a Read more 791 Town and Country The discussion centered on the unique position of each fund within the Department especially challenges working with both DOI and external customers to understand the varying regulations between the two funds. Surprisingly, however, Congressional staffers turned out to be the biggest headache due to an acute lack of knowledge regarding the intersection of appropriation law and Working Capital Funds. Operational and customer service performance aims for frictionless business procedures. Jennifer Ayers, Director in the Office of the Secretary, Financial Management at the Department of Commerce and Chairperson of the Working Capital Fund Symposium, highlighted the symposiums past years activities and introduced this quarters speaker, Tom Carroll. Fiscal 2021 Navy . Any subsequent, direct communication between Docsa Capital Management, Inc. and a prospective client shall be conducted by one of our advisors that is either registered or qualified for an exemption or exclusion from registration in the state where the prospective client resides. Enhanced communication between customers and service providers enhances effectiveness. Carahsoft Technology Corp Awarded $138M for DCSA It delivers comprehensive background investigations for over 100 federal departments and agencies. This included discussion of the following: Following the roundtable discussion, the Q&A session focused on new lines of customers for these WCFs, best practices, audits, and what each panelist would change to address the issues they face in their WCF. Her expertise is in implementing financial policy, budget justification, administering financing and investment programs, and WCF pricing, projections, and cash and cost management. "Deliver Capabilities Effectively/Efficiently" finances the means by which the agency effectively, efficiently, and economically delivers capabilities based on established requirements. www.peoplefund.org. \C`:*!Bk~MmvX/'g+"kasx;fA qS`Z`QA8+81j#4:u4[hE*:@iw9`4kYpVO67|m1D-P$"zu\jwN{8+$A-'+( i~LL*h}u3mB0.PqhW"&.Dz",zfS pyEVb)jp a>jcRFs)R2C'EPytU Fiscal 2023 DCSA defense working capital funds in the amount of $3,359,974 were obligated at the time of award. The Governance SIG purposes to document common issues that WCFs face around governance and provide a summary of best practices identified by surveying a core group of WCFs. Fees in the reserve were appropriated in prior years and remain available until spent. ), a defense working capital fund (DWCF) is a type of revolving fund that is intended to operate as a self-supporting entity to fund business-like activities of the Within shared services, a common complaint is the uneven playing field with financial management for the departments involved, which may prevent the offering of specific services or expanding the model to cabinet-level agencies. We are committed to offering objective advice, quality portfolio management and financial planning services, while minimizing possible conflicts of interest. Defense Primer: Defense Working Capital Funds - CRS Reports The agency is budgeted to support the IT needs and requirements of the entire Defense Department, including the offices of the secretary of defense and of the chairman and vice chairman of the Joint Chief of Staff, the Joint Staff, military services, combatant commands, and defense agencies. PDF Defense Primer: Defense Working Capital Funds If you are 72 or older by year end, do not forget to distribute your Required Minimum Distribution (RMD) from your IRA for 2022 prior to year-end. This survey of six agencies and departments included 22 questions. Email Address Email Address is required and must be in the format email@domain.comSubmit, 2023, State of Texas, Office of the Governor, Texas Economic Development, Email Address is required and must be in the format email@domain.com, Governor's University Research Initiative (GURI), Governor's University Research Initiative (GURI) Overview, Product Development and Small Business Incubator Fund, Economic Development & Diversification In-State Tuition for Employees, Governors Small Business Resource Portal, Veteran, Minority & Women Owned Business Resources, Emergency Preparation & Recovery Overview. Thirdly, transparency can be improved by implementing ProviderStata performance management framework promoting oversight and transparency of shared services operations, investment plans, budgets, and growth strategies. Military . The DOI was represented by Thomas Wayson, Division Chief, Division of Budget Administration and Departmental Management, Office of Budget, as well as Chris Richey, Revolving Fund Manager, Division of Budget Administration and Departmental Management, Office of Budget, and James Beall, Associate Director (Acting), Enterprise Management, Interior Business Center. This was a competitive acquisition with six responses received. Agency leaders share their insights to implement and sustain Working Capital Funds. A working capital fund (WCF) is a full-cost recovery operating model where program expenses are recovered through funds collected from supported customers, both internal and external to the organization. Additional lessons learned include: validating service level indicators before transition, giving equal attention to how rejects are handled, and designing the optimum process for handling rework. Guest speakers included: Zack talked about the progress and transitional organization of DCSA. On Thursday, April 14, the National Academy of Public Administration and Grant Thornton hosted a Symposium on the topic 10 Years of the NASA Shared Services Center A Retrospective. DCSA Acquisition and Contracting, Quantico, Virginia, is the contracting activity. It is furthermore rewarding to baseline the pre-transition process (volume, timeliness, quality, customer satisfaction, and costliness), resist designing a process that involves customers in performing the work, and allow them to retain their resources. Find the latest DOCASA, Inc. (DCSA) stock quote, history, news and other vital information to help you with your stock trading and investing. The Deputy Secretary of DOL serves as Chair of the WCF Advisory Board. PDF Federal Investigations Notice Notice No. 22-01 June 30, 2022 Subject Wealth Management Consultant at Capital Group l American Funds Little Rock, Arkansas, United States. DOC runs a well-established, participatory governance approach that provides transparency into decision-making and overall WCF operation. 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000, Research, Development, Test and Evaluation, O&M Volume 1 - Part 1 of 2 (977 pages, 5.37 MB), O&M Volume 1 - Part 2 of 2 (373 pages, 3.13 MB), To download as a single PDF click Volume 1 (754 pages, 18.1 MB), To download as a single PDF click here (143 pages, 8.51 MB), An official website of the United States government, OP-8 Defense-Wide Civilian Personnel Costs, OP-34 Appropriated Fund Support for Morale, Welfare, and Recreational (MWR) Activities, PB-24 Professional Military Education Schools, PB-28 Summary of Funds Budgeted for Environmental Projects, PB-31Q Manpower Changes in Full-Time Equivalent (FTE), Chemical and Biological Defense Program (CBDP), Defense Contract Management Agency (DCMA), Defense Counterintelligence and Security Agency (DCSA), Defense Information Systems Agency (DISA), Department of Defense Education Activity (DoDEA), Defense Security Cooperation Agency (DSCA), United States Special Operations Command (SOCOM), Defense Advanced Research Projects Agency (DARPA), Defense Technical Information Center (DTIC), FY22 Defense-Wide Working Capital Fund (DWWCF) Operating and Capital Budget Estimates, Energy Resilience and Conservation Investment Program, Volume I Sec 1 - PBA-19 Introductory Statement DHP PB22, Volume I Sec 2 - O-1 Operation and Maintenance Funding DHP PB22, Volume I Sec 3 - OP-32 Summary of Price and Program Growth DHP PB22, Volume I Sec 4 - PB-31R Personnel Summary DHP PB22, Volume I Sec 5 - PB-31D Summary of Funding Increases and Decreases DHP PB22, Volume I Sec 6A - OP-5 In-House Care DHP PB22, Volume I Sec 6B - OP-5 Private Sector Care DHP PB22, Volume I Sec 6C - OP-5 Consoldiated Health Care DHP PB22, Volume I Sec 6D - OP-5 Information Management DHP PB22, Volume I Sec 6E - OP-5 Management Activities DHP PB22, Volume I Sec 6F - OP-5 Education and Training DHP PB22, Volume I Sec 6G - OP-5 Base Operations and Communcations DHP PB22, Volume I Sec 6H - OP-5 Facilities Sustainment Restoration and Modernization DHP PB22, Volume I 78 - PB-11 Cost of Medical Activities DHP PB22, Volume I Sec 8 - PB-11A Personnel DHP Summary DHP PB22, Volume I Sec 9 - PB-11B Medical Workload Data DHP Summary DHP PB22, Volume II Sec 1 PB-15 Advisory and Assistance Services DHP PB22, Volume II Sec 2 - PB-28 Summary of Funds Budgeted for Environmental Projects DHP PB22, Volume II Sec 3 - PB-22 Management Headquarters Activities DHP PB22, Volume II Sec 4 - P-1 Procurement Program DHP PB22, Volume II Sec 5 - P-40 Procurement Budget Item Justification DHP PB22, Volume II Sec 6 - R-1 Research Development Test and Evaluation Program DHP PB22, Volume II Sec 7 - RDT&E Budget Item Justification DHP PB22, Volume I Appendix DWEC OP-5 Operations and_Maintenance Direct War and Enduring Requirements Details DHP PB22, Volume IV Sec 1 Army Medical Readiness Activities DHP PB22, Volume IV Sec 2 Navy Medical Readiness Activities DHP PB22, Volume IV Sec 3 Air Force Medical Readiness Activities DHP PB22, Hosted by Defense Media Activity - WEB.mil. The quarterly WCF Symposium aims to develop discussions to adopt a more streamlined WCF approach. San Antonio, Texas 78207 Renee Miller, Director, Working Capital Fund Staff, Office of the Controller, U.S. Environmental Protection Agency, discussed the initial activities of the Rate Setting SIG. Before joining Grant Thornton, Mr. Taylor served as the Chief Financial Officer of the U.S. Department of Labor (DOL). Similarly, the existing operations of a WCF can be assessed. Mr. Ohri has been with the Federal Government for 17 years. Carroll suggested that the Academy could prepare a primer for Congressional staffers to dispel common myths about WCFs. In deciding what to do with an appreciated property, it is good to consider the tax benefits of donating appreciated property to a qualified charitable organization. Jennifer Ayers, Chairperson, Working Capital Fund Symposium, discussed the ongoing formation of a WCF Readiness Assessment, which is being developed jointly between Grant Thornton and the National Academy of Public Administration. The Departments WCF was established in 1944 with a mission of providing centralized services to the Bureaus. The WCF components are split into service providers and customers. In the final days of 2022, Congress passed a new set of retirement rules designed to facilitate contribution to retirement plans and access to those funds earmarked for retirement. . Our Privacy Policy has changed. Tony Scardino, Managing Principal, Grant Thornton, Tony Scardino is a Managing Principal in Grant Thorntons Public Sector Advisory practice, where he leads a group of Former Government Executives (FGEs) that leverages the experience and expertise of the firms cadre of FGEs to help agencies work across the C-suite to improve mission outcomes, provide excellent service, and effectively steward taxpayer dollars. These include WCF publications, consumption and billing data, billing dispute, inquiry management, and a calendar of events. We may only transact business in those states in which we are registered, or qualified for an exemption or exclusion from registration requirements. Sometimes you might have property that has increased in value over time known as appreciated property. Ms. Ayers also discussed the OMB MAX community that will be used by the WCF Group to manage communication and share documents. Defense Security Cooperation Agency | Defense Security - DSCA Disa Personnel A stable source of funding for service provision during fiscal uncertainties is supposed to guarantee predictability. The USPTO is a full user fee-funded organization operating in the government environment. In his time at HUD, he has overseen the development and implementation of the WCFs operations end to end, including the development of HUDs Cost Accounting System and the addition of new WCF business lines. "GIG Network Operations and Defense" funds the operation, protection, defense, and sustainment of the enterprise infrastructure and information-sharing services, as well as enabling command and control. Under Secretary of Defense (Comptroller) > Budget Materials department. 47% Field Locations . During his time in government, Mr. Taylor created a WCF in the Federal Emergency Management Agency (FEMA) and had to overhaul the WCF at the Department of Labor. Adam Peach, CFA - Wealth Management Consultant - Capital Group | LinkedIn Moreover, a disciplined budget execution process that uses budget as a template for funds controls guarantees excellent budget formulation and execution reports. PDF Gatekeeper - Defense Counterintelligence and Security Agency Working-capital funds shall be reimbursed for supplies so sold, services so rendered, or work so performed by charges to applicable appropriations or payments received in cash.