COMMISSION BRIEFING Jesse L. Funches Chief Financial Officer - - PowerPoint PPT Presentation

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May 11, 2023 285 likes •452 views

COMMISSION BRIEFING Jesse L. Funches Chief Financial Officer February 11, 2003 BRIEFING TOPICS OCFO FY 2002 Costs Financial Operations Financial and Performance Reporting Planning, Budgeting, and Performance Management Slide 2 OCFO FY

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COMMISSION BRIEFING

Jesse L. Funches Chief Financial Officer February 11, 2003

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OCFO FY 2002 Costs Financial Operations Financial and Performance Reporting Planning, Budgeting, and Performance Management

BRIEFING TOPICS

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OCFO FY 2002 COSTS

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54 13 11 18 3 47 13 19 17 3 D i r e c t L a b

M g m t . & S u p v . A d m i n i s t r a t i v e P a i d A b s e n c e s O t h e r L a b

25 50 75 100

OCFO NRC

OCFO is 4.6% of agency's FY 2002 cost Average cost per labor hour: OCFO = $44.73, NRC = $52.83

Labor Cost

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Financial Operations

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Accuracy of Payments Electronic Payments Timeliness of Payments

100 100 100 100 96 96 95 87 1999 2000 2001 2002 25 50 75 100

Salary/Award - Goal: 99% All Other Payments - Goal: 95%

99 99 99 100 99 99 99 100 1999 2000 2001 2002 25 50 75 100

Salary/Award - Goal: 99% All Other Payments - Goal: 99%

99 100 100 100 98 99 100 100 1999 2000 2001 2002 25 50 75 100

Salary/Award - Goal: 100% All Other Payments - Goal: 98%

FINANCIAL OPERATIONS

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Goal: Collect approximately 100 percent of the amount to be collected though fees.

100.9 98.6 100.7 100.4 99.4 1998 1999 2000 2001 2002 20 40 60 80 100 120

FINANCIAL OPERATIONS

Goal: Maintain delinquent debt below 1 percent ($4.8M) of annual billings.

2.3 2.7 1.5 2.4 2 1998 1999 2000 2001 2002 1 2 3 4 5

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Financial and Performance Reporting

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President's Management Agenda - Improved financial management Performance and Accountability Report (PAR) AGA's Certificate of Excellence

n Accountability Reporting

Challenge: Acceleration of PAR

FINANCIAL AND PERFORMANCE REPORTING

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FY 2002 financial statement results Unqualified audit opinion Reportable conditions (4 closed, 1 removed, and 5 open) Challenge: Quarterly financial statements

FINANCIAL AND PERFORMANCE REPORTING

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NRC financial systems Implemented three new systems Meet Federal system requirements Challenges: E-Payroll, E-Travel, Cost Accounting System, and License Fee Billing System

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FINANCIAL AND PERFORMANCE REPORTING

Enhanced financial information to agency managers

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Planning, Budgeting, and Performance Management

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NRC'S BUDGET SUMMARY

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470

487 559 585 626

2000 2001 2002 2003 2004 100 200 300 400 500 600 700 Existing Programs Homeland Security New Reactor Licensing

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Increased fees flow from budget decisions

470 487 559 585 626

2000 2001 2002 2003 2004 100 200 300 400 500 600 700 Offsetting Fees Nuclear Waste Fund General Fund

FINANCING NRC'S BUDGET

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108.7 93.6 79.8 84.3 113.8 21.8 22.8 25.5 23.8 34.1

130.6 116.4 105.3 108.1 147.9 1998 1999 2000 2001 2002 20 40 60 80 100 120 140 160 180 Unliquidated Unobligated Total * * * *

*Excludes $4 million for Multi-Purpose Canister Design.

Goal: Unliquidated carryover - approximately 4 months of non-S&B expenditures. Unobligated carryover - approximately 5 percent of NRC budget.

CARRYOVER FUNDS

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President's Management Agenda - Budget and performance integration OMB Performance Assessment Rating Tool (PART) Triennial update of strategic plan

LINKING RESULTS TO BUDGET

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