ANNUAL REPORT FY 2002
The Federal Financial
Management Improvement Act (FFMIA)
The Federal Financial Management Improvement Act of 1996 (FFMIA) requires agencies to implement and maintain financial management systems that are in substantial compliance with OMB Circular A-127, JFMIP requirements, Federal accounting standards, and the United States Government Standard General Ledger (SGL) at the transaction level. All DOL financial management systems substantially comply with FFMIA.
Elaine L. Chao
Secretary of Labor