Treasury Department Financial Management And Chief Financial Officers Act Implem
Treasury Department Financial Management And Chief Financial Officers Act Implem
Consumer United States Congress House Committee On Gover
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Yes, sir, I think I can make the case very, very sim- ply in that the CFO Council is a creature created by statute and, by definition, it has no parents. By definition, it has no owner, if you will, in today's jargon and that we now have an owner. That is, the CFO Council members have realized the importance of the Council itself in today's very changing world of the government in terms of all the requirements that are being placed on it, but in order for it to be owned by a member, the members... exercised some leadership. 109 The members met in retreat recently and decided that the Coun- cil needed to have active participation by the whole group of per- sons in charge with the CFO Act implementation. The CFO Act recognized not only CFO's but recognized deputy CFOs. As a result, the Council has been expanded, doubled in size if you will, to include the two members that were cited in the CFO Act, CFO's and deputy CFO's. Second, they decided that in order to really steer the vision and the agenda of the Council, the members themselves should develop the agenda for the Councils, and therefore, one way that can come up institutionally is to elect, among its own peers, elect officers; there would be an executive vice chairman, there would be a vice chairman for programs that would look at the kinds of things we were just talking about today, and a vice chair for legislation, in addition to committees.
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