Skip to main content
U.S. flag

An official website of the United States government

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

Department of Commerce 2017 Financial Management Conference Functional Training Breakout Session 1

Friday, May 19, 2017

10:30 am - 11:30 am

  1. What’s New with Financial Reporting (Lecture Room A)
    Bruce Henshel
    Slides:Overview: The purpose of this session is for management and staff across the Department (within the Office of Secretary and the 12 Bureaus) to learn more about existing or upcoming financial reporting requirements significant to the Department.  The session will start with a brief overview of selected significant items from the Department’s FY 2016 financial statements, followed by a discussion of new or upcoming financial reporting requirements significant to the Department, including planned approaches for new requirements, and the status of requirements still in development by the Federal Accounting Standards Advisory Board.
  2. Budget Officers Panel (Lecture Room B)
    • Mark Seiler - Facilitator
    • Maggie Mitchell - NTIA
    • Jennifer Ayers - OS
    • Everett Whiteley - Census
    Overview: This panel session will engage Budget Directors from across Commerce to discuss current challenges and best practices. Panel includes Budget Directors from small and large bureaus, as well as the Secretary’s Office.  Conversations will include topics such as working across multiple budget years, implementation of Enterprise solutions across multiple Bureaus, managing infrastructure requirements within a programmatic budget, feasibility of establishing Bureau specific Working Capital Funds, best practices incorporating performance measures in Congressional Justifications, and incremental vs cost budgeting.
  3. Technology Business Management (Heritage Room)
    Kevin Coyne - BIS Director of Technology Services
    Slides: Technology Business Management (TBM) Overview
    Overview: Technology Business Management (TBM) is a framework that strives to establish and promote business management standards and practices that empower IT leaders to collaborate with their business partners on identifying and executing technology strategies for achieving organizational objectives.  TBM seeks to promote three main areas:
    1. IT Financial Transparency
      • IT financial transparency means providing the consumers of your IT services clear insight into the cost, quality and value of those services.
      • The decision making power of IT financial transparency is rooted in its ability to drive behavioral change within the business.
    2. IT Services Optimization
      • IT services optimization includes efforts to reduce the total cost of owning and delivering IT services and business applications.
    3. Infrastructure Optimization
      • Infrastructure optimization focuses on reducing the total cost of owning and delivering infrastructure services, such as servers, storage, networking, database management systems, e-mail, telecommunications, etc.
    This presentation will serve as an overview of Technology Business Management (TBM).
  4. SF 133 Reconciliation and Reporting (Lecture Room D)
    Emily Thompson Dorsey - Census Supervisory Accountant
    Slides: SF 133 Reconciliation and Reporting
    Overview: The session will provide attendees with a basic understanding of the purpose, uses and components of the SF 133, Report on Budget Execution and Budgetary Resources.  The brief lecture will cover a definition of the SF 133, the structure, the importance of data consistency, OMB reconciliation requirements, tie the SF 133 to the SF 132, and how errors affect the SF 133.  Group discussion for 15 minutes and wrap up topics covered.
  5. OGC Appropriations (West Square)
    Nick Kornegay - OGC General Law Division Chief
    Slides: OGC Appropriations Law Overview
    Overview: The purpose of this session is to provide attendees with a basic high-level overview of appropriations law.  The presentation will touch on the foundational concepts of what is an appropriation, what is an obligation, and what is the agency’s responsibility to record obligations against its appropriation.  The presentation will then turn towards a brief overview of the three primary pillars of appropriations availability – purpose, time, and amount.

Connecting Commerce: Communication (Sharing Best Practices Across Bureaus); Collaboration (Developing Cross Cutting Initiatives); Coordination (Establishing Deliverables for Future Outcomes); Change (Adapting to a New Environment and Transition)


Created May 1, 2017, Updated November 15, 2019