The Office of Finance, under the direction of the Deputy Assistant Secretary for Finance (VA’s Deputy Chief Financial Officer), is comprised of over 400 staff located in the Office of Financial Systems and Operations, the Office of Financial Policy, and two field sites — the Financial Services Center (FSC) in Austin, Texas, and the Debt Management Center (DMC) in St. Paul, Minnesota.
The Office of Finance is responsible for continually improving the quality of the Department’s financial services. It maintains stewardship of Departmental resources and provides financial information, financial statements and reports on VA’s appropriations and general, revolving, special, and deposit funds for cost and obligation accounting. The Office of Finance establishes financial policy, systems and operating procedures for all VA financial entities, provides guidance on all aspects of financial management, and directs and manages the Department’s financial operations and systems support.
The office is also responsible for maintenance and modification of VA’s legacy core accounting system, the Financial Management System (FMS), and VA’s Personnel Accounting Integrated Data (PAID)/payroll and human resources system and related self-service applications. The Office of Finance also oversees the management and direction of VA’s financial operations through the FSC and Central Office, VA’s debt management activities through the DMC, VA’s Enterprise (Franchise) Fund, VA’s travel and purchase card programs, and the performance and effectiveness of trusts established under VA’s enhanced-use leasing program. The office is responsible for processing VA-wide payroll, employee travel and relocation, and vendor payments, expanding financial electronic commerce and electronic data interchange capabilities, and developing and implementing long—range financial systems initiatives such as e-payroll, e-travel, and the Financial Reporting Data Warehouse.
Additional information may be accessed at the Office of Finance website at http://www.va.gov/finance/.