Financial Management Performance
USAID has been steadily working toward compliance with the
Federal Financial Management Improvement Act (FFMIA) of 1996
since Phoenix became USAID/Washington’s core financial
system in 2000. Another major milestone toward FFMIA compliance
was achieved when USAID replaced the Mission Accounting and
Controller System (MACS) with Phoenix in overseas Controller
Missions. Therefore, compliance with FFMIA is considered to
have been achieved now that Phoenix is operational in all
overseas Controller Missions.
As of June 2006, all Controller Missions rely on the web-based
version of Phoenix as their financial system of record. OMB
and USAID expect that the completed rollout of the Phoenix
system will largely address the remaining compliance issues
that have kept the Agency at a yellow score under the PMA.
A further requirement to “getting to green” is
to prove that Phoenix drives results in key financial areas
and that Phoenix provides timely, reliable, and complete data
on foreign assistance programs on a consistent basis. The
Phoenix Reports Team has solicited users’ suggestions
for enhancements and requests for new reports. The Team’s
primary focus is to make improvements to the existing reports.
They have also identified the highest priority new reports
and have begun to specify detailed requirements for this group
of reports.
Back to Top ^ | < Previous Page | Next Page >
|
