[Code of Federal Regulations]
[Title 44, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 44CFR2.19]

[Page 19-21]
 
              TITLE 44--EMERGENCY MANAGEMENT AND ASSISTANCE
 
             CHAPTER I--FEDERAL EMERGENCY MANAGEMENT AGENCY
 
PART 2--ORGANIZATION, FUNCTIONS, AND DELEGATIONS OF AUTHORITY--Table of Contents
 
    Subpart A--Organization, Functions, and Delegations of Authority
 
Sec. 2.19  Office of Financial Management.

    (a) Mission. The Office of Financial Management promotes sound 
financial management and accountability throughout the Agency by 
providing financial guidance, information, and services to FEMA 
management, its employees, and the Agency's customers.
    (b) Functions. This office reports directly to the Director of FEMA 
regarding financial management matters and is headed by the Chief 
Financial Officer. The principal functions of the Office of Financial 
Management are:
    (1) Oversight of all financial management activities relating to the 
programs and operations of the Agency, including fund manager for all 
Agency funds;
    (2) Development, operation, and maintenance of an integrated Agency 
accounting and financial management system, including internal and 
external financial reporting;
    (3) Oversight of the Agency's internal control guidance and review 
program;
    (4) Direction, management, and provision of policy guidance and 
oversight of Agency financial management personnel, activities, and 
operations;
    (5) Preparation of the annual report described in 31 U.S.C. 
902(a)(6) to the Director of FEMA and to the Office of Management and 
Budget;
    (6) Oversight of and responsibility for the formulation and 
execution of the

[[Page 20]]

Agency's budget and accounts for actual expenditures;
    (7) Preparation and submission of timely performance reports to the 
Director of FEMA and operating units;
    (8) Review, on a biennial basis, of the fees, royalties, rents, and 
other charges imposed by the Agency for services and things of value it 
provides, and recommendation of revision of those charges to reflect 
costs incurred by the Agency in providing those services and things of 
value.
    (c) Authority. The position of Chief Financial Officer was created 
by statute (Agency Chief Financial Officers Act, as amended, 31 U.S.C. 
901-1114, 3511-3521). The Chief Financial Officer is authorized to 
exercise the duties and powers set forth in that statute. The Chief 
Financial Officer is specifically authorized to:
    (1) Supervise the activities and functions of the Office of the 
Financial Management and oversee all financial management activities 
relating to the programs and operations of the Agency.
    (2) Direct, manage, and provide policy guidance and oversight of the 
Agency financial management personnel, activities and operations.
    (3) Establish and maintain an integrated Agency accounting and 
financial management system, including financial reporting and internal 
controls, that--
    (i) Complies with applicable accounting principles, standards, and 
requirements and standards prescribed by the Office of Management and 
Budget, the General Accounting Office, and the Department of the 
Treasury;
    (ii) Provides for complete, reliable and timely information, that is 
prepared on a uniform basis, and that is responsive to the financial 
management needs of the Agency; and,
    (iii) Complies with any other requirements applicable to such 
systems.
    (4) Prepare and submit a financial statement that conforms to the 
requirements of 31 U.S.C. 902 and 3515. Develop and implement the 5-year 
financial management plan as required by 31 U.S.C. 902(a)(5).
    (5) Develop the Agency's financial management plans and budgets, and 
review legislative proposals and other programmatic proposals to provide 
advice to the Director on the financial implications of such proposals.
    (6) Develop and implement Agency asset management systems, including 
systems for cash management, credit management, debt collection, and 
property and inventory management and control.
    (7) Review on a biennial basis the fees, royalties, rents and other 
charges imposed by the Agency for services and things of value it 
provides, and make recommendations to the Director on revising those 
charges to reflect actual costs incurred by the Agency in providing 
those services and things of value. Premiums and other policy holder 
charges that relate to the issuance of policies (National Flood 
Insurance and Crime Insurance programs) are set by the Federal Insurance 
Administrator pursuant to Federal law and regulation.
    (8) Develop, operate and maintain an Administrative Fund Control 
System that provides, for accurate and timely data on the status of each 
account. This Administrative Fund Control System shall comply with 
appropriate statutory requirements and regulations issued by General 
Accounting Office, Office of Management and Budget, the Department of 
the Treasury, and other central administrative agencies.
    (9) Establish and maintain the appropriate accounts designated by 
the Department of the Treasury, the General Accounting Office, and 
Office of Management and Budget and such subsidiary records as may be 
necessary for accounting, audit and management purposes. Establish and 
maintain controls for appropriations and other special limitations 
required by law. Maintain reliable accounting records that will be the 
basis for preparing and supporting the budget requests of the Agency, 
controlling the execution of the budget and providing financial 
information required by law and regulation.
    (10) Oversee the implementation of internal control systems that 
conform with rules, circulars, and other directives issued by General 
Accounting Office, Office of Management and Budget, and the Department 
of the Treasury. Report to the Director, as required by

[[Page 21]]

law and regulation, whether the Agency's internal control systems and 
other financial systems and processes comply with applicable law and 
regulation.
    (11) Develop and implement administrative standards and cost 
principles for the Agency's assistance programs in conformity with 
rules, circulars, and other directives that are issued by the General 
Accounting Office, the Office of Management and Budget, and the 
Department of the Treasury.
    (12) Develop and maintain procedures for approving requisitions for 
disbursing funds, reports of current accounts rendered by disbursing 
officers, and other financial and accounting documents involving FEMA, 
the General Accounting Office, the Department of the Treasury, and the 
Office of Management and Budget.
    (13) Certify to the General Accounting Office any charge against any 
officer or agent entrusted with public property, arising from any loss 
and accruing by this person's fault, to the Government as to the 
property so entrusted to this person.
    (14) Approve all expenditures and receipt all vouchers and other 
documents necessary to carry out FEMA's appropriations and programs.
    (15) Certify that all required documents, information and approvals 
respecting fiscal transactions are present; verify or cause to be 
verified the accuracy of the financial computations, the consistency of 
the information included in the various documents; and determine, or 
cause to be determined, that the financial transactions of the Agency 
are in strict accordance with the law, regulations and decisions.
    (16) Authorize officers and employees to certify vouchers.
    (17) Receive and credit amounts received to the applicable 
appropriation of FEMA or to the miscellaneous receipts account.
    (18) Request cashier designation and resolution from the Department 
of the Treasury, and designate cashiers to serve in FEMA.
    (19) Approve invitational travel for the Office of Financial 
Management.
    (20) Have access to records and documents as required by 31 U.S.C. 
902(b) (1)(A), (1)(B), and (1)(C). Access to records and documents is 
subject to the limitations in 31 U.S.C. 902(b)(2).