OCFO Reorganization in Effect

On October 2, the Office of the Chief Financial Officer (OCFO) at the U.S. Department of Education (ED) put into effect a realignment that the office began working towards recently. Among other things, the new reorganization has:


• Created the Financial Management Operations (FMO) Reporting and Analysis Group, combining the functions of the Grants Management Improvement Team with those of the financial and performance reporting functions already in FMO;
• Established four new organizational subcomponents in FMO to more closely follow OCFO’s business processes, including creating a Receivables Group, which combines the work of the Debt Management Group with the accounts receivables staff;
• Created the Grants Initiatives and Support Staff in Financial Systems Operations (FSO), to work with systems staff to evaluate the impact of government-wide grant policy on their systems, and to manage the Application Control Center;
• Combined the travel policy team with the travel system functional team in FSO;
• Moved the functions of the Financial Transaction, Payments Processing and Reporting Group from FMO to the Financial Systems Transaction Group in FSO;
• Created a single organization to oversee the agency's audit resolution activities by migrating the Internal Control Evaluation Staff (ICES) staff to Financial Improvement and Post Audit Operations (FIPAO).
• Finally, the grants policy analysis and training functions are now part of the newly created Risk Management Service in the Office of the Secretary.