Financial Management Line of Business (FMLoB)

FMLoB Mission

The mission of the FMLoB is to improve and advance financial management business processes, standards and systems to meet the evolving needs of federal agencies. As the managing partner of the FMLoB and functional area lead for core financial management, Treasury’s Bureau of the Fiscal Service coordinates with the federal financial management (FFM) community and manages the initiatives and activities that lead to results for stakeholders.

FMLoB Initiatives and Activities

FFM Working Groups FM Standards Annual Update Process

Monitoring the FFM environment is a key FMLoB activity. On a quarterly basis, Treasury’s Bureau of the Fiscal Service looks for relevant additions or changes in legislation, regulations, policies, guidance, standards and government initiatives that may impact agencies’ financial management systems or processes.

After the quarterly reviews are finished, we discuss any findings with stakeholders to ensure any impacts are appropriately understood and planned. Identifying these changes and understanding their potential impact helps agencies improve budget and resource planning.