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The Future of Federal Financial Management

Progress Statement 2021

Working together for the future

Fiscal’s Progress Statement 2021 highlights our vision, strategy, and goals moving forward in federal financial management

Fiscal’s Progress Statement 2021 highlights our vision, strategy, and goals moving forward in federal financial management.

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"The challenges of the past year have tested all federal agencies. As the continuing pandemic made public services ever more urgent for American citizens, we had to develop new ways of working: more virtual, more inclusive, more agile."

Tim Gribben
Commissioner
Bureau of the Fiscal Service

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Transformation Stories

Federal Financial Management and the Pandemic

Fiscal’s Progress Statement 2021 highlights our vision, strategy, and goals moving forward in federal financial management

Responsive financial management during the COVID-19 pandemic highlighted the importance of innovation and agility built on a solid foundation — with an eye on the future. Read about it.

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2021 Annual Fiscal Service Letter to Chief Financial Officers

Our Goals

Moving Forward.

Learn more about Fiscal Service Vision Goals in the 2021 Annual Fiscal Service Letter to Chief Financial Officers.

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What is the FM Vision?

In early 2018, the Bureau of the Fiscal Service drafted a white paper titled, The Future of Federal Financial Management. Referred to as the FM Vision, the paper described a broad view of the Bureau’s role in supporting agency Chief Financial Officers and maximizing financial management efficiency throughout the federal government.

Since then, the FM Vision has served as a “north star” in the Fiscal Service’s strategic planning process. The FM Vision sets incremental goals. These goals are updated each year in the annual Fiscal Service Commissioner’s Letter to Chief Financial Officers, which is sent to CFO Act Agency CFOs and DCFOs, the federal financial management community, and the Fiscal Service workforce. An annual Progress Statement reports on the year’s advancement toward the goals that are outlined in the CFO Letter. As of 2020, the Bureau of the Fiscal Service has achieved 11 of its 18 goals. Review the original white paper.

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FMVision@fiscal.treasury.gov Subscribe to our mailing list

Last modified 02/15/22