OCFO’s Role in Financial Stewardship and Accountability
The Office of the Chief Financial Officer (OCFO) provides Department-wide leadership and oversight to promote sound financial management, safeguard public resources, and support the Department of Labor’s mission. Through its offices and organizational units, OCFO delivers reliable financial information, establishes and implements financial management policies and internal controls, manages financial systems and enterprise risks, and promotes efficient and effective use of taxpayer resources.
OCFO’s responsibilities are organized around five interconnected pillars that reflect its core financial management activities and the outcomes they are designed to achieve. Together, these pillars provide a framework for understanding how OCFO’s offices and organizational units contribute to strong financial stewardship, accountability, and informed decision-making across the Department.
The Five Pillars of OCFO illustrate these core areas of responsibility:
Division of Administrative Services (DAS)
DAS provides OCFO support for internal human resource management, performance, procurement, budgetary, and other administrative services to ensure OCFO operates efficiently.
Division of Financial Policy and Compliance (DFPC)
DFPC develops Department-wide financial policies, procedures, and standards for areas such as travel, cash management, credit management, debt management, and payment activities. Acts as liaison with the Office of Inspector General and the Department's independent auditors. Oversees implementation of OMB Circular A-123 Appendix A-D. Prepares and publishes DOL's annual Agency Financial Report (AFR). Oversees the DOL's internal control efforts by leading annual assessments of controls for financial systems under Circular A-123, Appendix A. Supports the Department's payment integrity efforts by performing triennial risk assessments, and annual reporting of improper payments and integrity efforts in the AFR under the Payment Integrity Information Act of 2019 and Circular A-123, Appendix C. Manages the Department's financial audit resolution and remediation programs, oversees development of management and legal representation letters, and manages internal and external financial scorecard processes.
Division of Client Financial Management Services (DCFMS)
DCFMS plays a vital role in advancing the Department of Labor’s (DOL) mission by delivering exceptional customer service and comprehensive oversight of budget execution across all DOL agencies. We provide expert analytical and administrative support for the Department’s budget formulation and Congressional Budget Submission, including the development of key Departmental and Office of Management and Budget (OMB) documentation. DCFMS ensures strong financial stewardship by guiding senior leadership on resource management, maintaining the accuracy of obligations and expenditures, and reconciling budget activity with apportioned and allotted funds. Building on our role as the Department’s central hub for budget execution and financial stewardship, DCFMS places customer service at the core of its operations. we support agencies funded through Departmental Management appropriations and the Working Capital Fund (WCF), offering governance oversight, monitoring fund performance, leading monthly WCF processing, and coordinating WCF Committee activities. This commitment not only strengthens client relationships, but also ensures the effective, accountable, and strategic use of budgetary resources that power the Department’s mission.
Office of Fiscal Integrity (OFI)
OFI implements the highest standards of fiscal responsibility by providing DOL services which enhance financial management, including preparation of financial statements, timely resolution of audit issues, processing and analysis of centralized accounting transactions, and providing agency-specific accounting services.
Division of Business Process Improvement (DBPI)
DBPI provides DOL leadership for the U.S. Treasury government-wide initiative to streamline and standardize operational accounting processes and procedures. Provides accounting and invoice services to all Departmental Management (DM) agencies and other DOL component agencies. And ensures DOL transactions are appropriately reflected in Treasury's Government-wide Central Summary General Ledger by providing Department-wide oversight of the Intra-Governmental Payment and Accounting Collection (IPAC) process and Secure Payment System (SPS) activities.
Travel Management Division (TMD)
TMD supports program agency's mission by managing activities related to the Federal travel system, including implementation of the 2nd Generation Electronic Travel System (ETS2) within DOL. Ensures a strong travel operations environment with a robust funds obligations/expense management platform, comprehensive reporting capabilities, and internal control oversight.
Division of Central Accounting Operations (DCAO)
DCAO manages DOL-wide accounting operations, including maintenance and integrity of the Department’s core accounting system (NCFMS), and oversees the overall Journal Voucher (JV) process as well as implementation and enforcement of the JV Policy. Monitors the Department's overall CARS reclassification process including managing reconciliations of the Fund Balance with Treasury (FBwT). Provides definitive guidance to agencies on the proper general ledger recording of all accounting events in accordance with the United States Standard General Ledger (USSGL).
Division of Financial Reporting (DFR)
DFR prepares the Department's quarterly and annual financial statements, oversees external and internal financial reporting, monitors budgetary and proprietary accounts, performs reconciliations, and monitors compliance with the Federal Accounting Standards Advisory Board and Generally Accepted Accounting Principles requirements.
Office of Financial Systems Integrity (OFSI)
OFSI provides state of the art technology to ensure the delivery of reliable, consistent, and timely financial information for DOL management, the President, other Cabinet agencies, and Congress. Develops, maintains, and operates the Department's core financial management system and related centralized financial systems.
Division of Customer Support (DCS)
DCS monitors DOL's core financial management system and related systems. Ensures OCFO enterprise architecture complies with the Department's framework and maintains a configuration process for all OCFO systems. Responsible for full system development life cycle support which includes planning, requirements gathering, analysis, development, testing, implementation, operations, maintenance and disposition support for all OCFO information systems.
Division of Security & Technology (DST)
DST performs information security and quality assurance duties for all OCFO IT systems to meet or exceed federal mandates of the Federal Information Security Management Act, Federal Information System Control Audit, and OMB Circular A-123 internal control requirements.