Presented to the ASMC Yankee ChapterBy Alvin Tucker, CDFM-A

August 16, 2012

THE FUTURE OF DEFENSE

FINANCIAL MANAGEMENT

AND YOU

PROFESSIONAL OVERVIEW

Your profession is Defense Financial Management Specific Body of Knowledge Ethical Standards Public Trust Legal Liability

CORE COMPETENCIES FOR DOD FINANCIAL MANAGEMENT

1. Government Resource Management Environment

2. Manpower Management

3. Personnel Management

4. Management’s Responsibility for and Internal Controls

5. Defense Budget Process

6. Cost and Economic Analysis

7. Business Management Process Improvement

8. Fiscal Law

9. Finance

10. Accounting

11. Auditing

ASMC IS YOUR PROFESSIONAL

SOCIETY Non-profit association founded in 1948

Serves financial managers in:

Five military services and defense agencies

Today has about 20,000 members

150 chapters, 78 corporate members

Major offerings

National PDI and regional PDIs

Chapter training programs

Certification program (CDFM)

Professional journal

Selected training courses

WHAT’S HAPPENING NOW?

OMB policy on “Conferences”

DoD course-based certification

Virtual PDI

Sequestration

Audit Readiness

GSA SCANDAL

300 Feds go to Las Vegas in October 2010

Spent $822K: Planning $136K, Conference $686K

Failed to follow contracting regulations

Incurred excessive and impermissible costs for food

Incurred impermissible and questionable miscellaneous expenses

Planning goal: make it “over the top”

FALL OUT

President’s Executive Order, Nov 9, 2011

20 % reduction in travel in FY 2012 vs. FY 2010

IG Report on GSA Conference, April 2, 2012

Sen. Coburn (R-OK) amendment to Postal Reform

OMB memo, May 11, 2012

Reduce FY 2013 travel by 30% vs. FY 2010

Over $100K needs higher level approval

$500K prohibition, but it can be waived

IMPACT ON ASMC

PDI and Mini-PDI’s qualify as “conferences”, especially if held in commercial facilities

Costs for approval parameters include: fees, food, lodging, transportation paid by Government

Presently, approval levels at DCMO and DepSecDef

Approval levels may change after the 1st round

Greater reliance on Virtual PDI

VIRTUAL PDI

Began with PDI 2012

Presently 1,184 paid participants

73 workshops and interviews on line

CPE available

CPE management tool

COURSE-BASED CERTIFICATION

• Approved in FY 2012 NDAA Pilot begins October 1, 2012 (FY 2013) Three skill levels:

• Basic, Intermediate and Advanced Specific course requirements Continuing Professional Education

(CPE) Certification encouraged Bachelor and advanced degrees

encouraged

SEQUESTRATION

$1.2 Trillion over ten years

50% to National Security, or $600 B

For DoD, about $50 Billion a year

Percentage reductions by appropriation title

President can exempt Military Pay

No programmatic discretion

Happens January 2, 2013

SEQUESTRATION (CONT’D)

Good News:

“It can’t be allowed to happen” - DoD leaders

“It won’t happen” – Congressional leaders

Bad News:

Decision deferred until after the election

ISSUES FOR A LAME DUCK CONGRESS

Debt limit increase

Extension of Bush tax cuts

Continuing resolution

AMT fix

Doc fix

Sequestration

Extension of payroll tax reduction

AUDIT READINESS

Assert audit readiness for Statement of Budgetary Resources (SBR) by end CY 2014

Begin audit of SBR in FY 2015

Achieve clean audit opinions on all DoD FY 2017 financial statements

AUDIT READINESS (CONT’D)

Provide more audit readiness training in the EDFM course

Develop an audit readiness training package for alternative delivery methods

WHAT’S HAPPENING WITH

YOU? Sharpen skills Stay flexible Be mobile Get more training Diversify Certification

HELP YOU STAND OUT

Test-based Certification

Certified Defense Financial Manager

Enhanced Defense Financial Management Training Course

3 College Credits(undergraduate or Graduate with research paper)

ASMC awards

HELP YOU BE A LEADER

Leadership opportunities In your ASMC chapter In community service

CDFM REQUIREMENT

S • Complete four years of federal

government related financial management experience with an Associate degree or higher), or

• Complete three years of Defense related financial management experience (without degree), or

• Complete two years of Defense related financial management experience an Associate degree, or higher.

OTHER TRAINING IN FY 2013

Enhanced Defense Financial Management (EDFM) – 5-day training course

Acquisition module – 2-day course

Audio Conferences

Refresher courses for CDFM modules

Six other offerings during the year

Fiscal Law

1-,2-,3-day courses on-site

PDI 2013 DENVER CONVENTION CENTER

Monday, May 27 – CDFM Review Courses, Module 4 Acquisition (2day)

Tuesday, May 28 – CDFM Review, Testing, MicroSoft Training

Wednesday, May 29 – Official Opening, Service Day, General Session

Thursday-Friday, May 30 – May 31 Over 100 Workshops, 7 Mini-Courses, General Sessions

ASSESSMENT RESULTS

Members value ASMC – 65% rated high, 6% low

ASMC professional development – 87% hi, 2.5% low

Member loyalty – 83% likely to renew, 5% not

Recommend to colleagues – 78% likely, 5% not

PDI – 74% highly satisfied

WHAT OUR MEMBERS WANT

Attract new and younger members

Focused education or certification – contracting and audit

Virtual PDI capability

More support for chapters:

National instructors for chapter meetings

Speaker identification

ASMC FIVE-YEAR PLAN

NEC approved in June 2011

Improve communications

Develop a virtual PDI

Better Chapter outreach

Provide more educational offerings

FIVE-YEAR PLAN GOALS

Increase membership to 50% of FM workforce

Increase active CDFM’s to 15% of FM workforce

Achieve 75 Five-Star Chapters

Attain 2,000 participants in virtual PDI

Develop a stronger image outside the FM community

ASMC WEBSITE