dcsa working capital fund

Fiscal 2021 Navy . This can impact the ability to make long-term investments, a scale for large customers, and expand service offerings. Beth Angerman is the Executive Director of Unified Shared Services Management in the General Services Agency (GSA). On Thursday, February 4, the National Academy of Public Administration and Grant Thornton hosted a Working Capital Fund Symposium on Management Challenges in transforming WCFs into an efficient and strategic fiscal management tool. This will replace the current allocation process, which is manual, cumbersome, and non-transparent. 10 U.S. Code 2208 - Working-capital funds | U.S. Code | US Law | LII Many of the issues of WCF are very common and must therefore be shared to address them jointly. The target members are federal agencies, human capital professionals, IT, budget, and performance professionals. The presentations included the impact of the pandemic on each WCF. Chris Richey working capital funds to procure and provide materiel and commercial products and services to its forces. On Thursday, January 12, the National Academy of Public Administration and Grant Thornton hosted a Working Capital Fund Symposium on the WCF implementation in the U.S. Government and Accountability Office (GAO). The line of service for enterprise acquisition services enables the department to procure best value, commercially competitive IT services and capabilities through DISA's Defense IT Contracting Organization (DITCO). A working capital fund (WCF) is a full-cost recovery operating model where program expenses are recovered through funds collected from supported customers, both internal and external to the organization. The DOC found that focusing on which services are provided and prioritizing them was a valuable experience. PDF U.S. General Services Administration WORKING CAPITAL FUND CONTENTS Wealth Management Consultant at Capital Group l American Funds Little Rock, Arkansas, United States. At DOL he saw WCF issues and thought to set up a more structured process to bring WCF leaders together and have discussions regularly. Working Capital Fund - National Academy of Public Administration It may be wise to designate a trusted contact when opening or updating an account at a brokerage or other financial firm. In a Q&A session further issues, benefits, and opportunities of WCFs were discussed. He is involved in all aspects of managing a WCF, including submitting and defending the budgets to the Department, OMB, and Congress. In his current role, Mr. Mahoney is responsible for advancing the strategic management of human capital at DOC and manages the Office of Human Resource Management.. The agency is budgeted to support the IT needs and requirements of the entire Defense Department, including the offices of the secretary of defense and of the chairman and vice chairman of the Joint Chief of Staff, the Joint Staff, military services, combatant commands, and defense agencies. The estimated lifecycle award value is $276,794,547. PDF Gatekeeper - Defense Counterintelligence and Security Agency The SIG aims to develop solution papers around issues that are key to the WCF group. It delivers comprehensive background investigations for over 100 federal departments and agencies. Codified under Title 10, Section 2208, of the United States Code (U.S.C. The major service category of DOLs WCF constitutes IT services, support, and infrastructure with $180 million. On Thursday, October 13, the National Academy of Public Administration and Grant Thornton hosted a Working Capital Fund Symposium on WCF implementation in the Department of the Interior (DOI). Mr. Taylor provided an overview of Working Capital Fund accomplishments and discussed topics brought up in past symposiums. ;N 8 ppt/diagrams/data1.xml[nG}_`u6rW1J>E,E*3#'HYR%Fl@iv:}7gi}Ez>^L Operational and customer service performance aims for frictionless business procedures. As Chairperson, she will act as the voice of the WCF Interagency Working Group, representing the group as its figurehead. The views expressed by the authors are not necessarily the official views of, or Secondly, Mr. Carroll reflected on AOCs time preparing to disseminate and present their WCF plan. CAP currently works with the following 2 lenders: (888) 215-2373 Ms. Ayers would like practitioners to be involved in designing the readiness assessment and invited attendees to participate. (512) 472-8191 FAX Docsa Capital Management, Inc. is a registered investment adviser in the states of Michigan, Florida, California and Louisiana. The presentations included each WCFs founding, current status regarding size, financial situation, and services, and governance structure. Furthermore, the working capital model enhances flexibility, reinforces the customer-supplier relationship, and simplifies financial reporting and the pricing process. 7 Transition Grew from ~900 to over 4,500 billets and 9,200 contractors Stood up Working Capital Fund Transferred $1B from OPM Transferred 14 IT systems (5 DMDC, 9 OPM) New organization chart TRANSFER TRANSITION (2+ years) TRANSFORM (3+ years) Merge organizations It was heard from this presentation that OMB and GSA are working to create a playbook based on lessons learned so that the investments are implemented consistently across agencies as more agencies and departments adopt the shared services model. Evidence of this can be found right here at the Defense Security Cooperation. WH [Content_Types].xml ( [o0_Qv6x2L|z oUdyI|+G%Q9DJQ& qip DITCO provides complete contracting support and services. She joined the Grant Thornton Public Sector team in 2020 to help WCF entities better mitigate risks and harness the benefits such a financing model can provide. The WCF will streamline the allocation of expenses for AOCs Construction Division from across these 10 appropriations. In the second part of the event, the panelists further discussed their reactions to the pandemic as well as other existential threats. . Through this collaborative effort, government executives and managers can discuss WCF issues, share lessons learned, and gather best practices. Prior to joining HUD, Thomas worked for the Department of Justice in the budget office. Working-capital funds shall be reimbursed for supplies so sold, services so rendered, or work so performed by charges to applicable appropriations or payments received in cash. To mitigate the high risk for cash flow stress typically seen in fully fee-funded operations, the operating reserve is designated as available for use to sustain procedures. When balances vary significantly from the target range for an extended period, the USPTO assesses the causes of the variance and determines an appropriate course of action. Defense Working Capital Fund (DWCF) - AcqNotes The presentation focused on OMBs work in supporting shared services across federal agencies. 2,000 . The Rate Setting A Benchmarking Study white paper documents common issues that WCFs face around rate-setting and provides a summary of best practices identified by a survey of a core group. Most importantly, consistency in operating reserve policy including permitted uses of reserves should be achieved. ), a defense working capital fund (DWCF) is a type of revolving fundthat is intended to operate as a self- supporting entity to fund business-like activities (e.g., acquiring parts and supplies, equipment maintenance, transporting personnel, research and development) for the Department of Defense (DOD). At first, a common interpretation of authority must be established. We are committed to offering objective advice, quality portfolio management and financial planning services, while minimizing possible conflicts of interest. WCFs are growing and hence to become more important, and as they do solutions need to be found. These facilities and functions provide a robust enterprise computing environment to more than 4 million users through 30 mainframes, more than 7,000 servers, 8,000 terabytes of data, and approximately 450,000 square feet of raised floor. Last but not least, Mr. Turner and Ms. Stamey presented their four lessons learned regarding the WCF. During his time in government, Mr. Taylor created a WCF in the Federal Emergency Management Agency (FEMA) and had to overhaul the WCF at the Department of Labor. Global Investment Management & Financial Services | FCA Corp Currently, multiple shared service initiatives are independently led with inconsistent guidance across service areas, federal agencies, lines of business, and providers. Agency leaders share their insights to implement and sustain Working Capital Funds. PDF Defense Working Capital Fund The Original Capital Access Program (CAP) is a partnership between the State of Texas and selected non-profit lenders to increase access to financing for small and medium-sized businesses and non-profits which face barriers to accessing capital or fall outside of guidelines of conventional lending. Capabilities funded in this category include the Pathways Program, DoD Teleport Program,Defense Spectrum Organization (DSO) activities, and Defense Information System Network (DISN) enterprise activities, such as non-recurring costs for commercial circuits, commercial satellites, and special communications requirements. The financial management, service providers, and customers were heavily engaged throughout this phase. He served as the Chief Human Capital Officer (CHCO) for the 23,000-employee DLA from 20002009. Under Secretary of Defense (Comptroller) > Budget Materials Discover how a 2022 IRS tax reporting change could affect people who are self-employed or whose side job pays through an app or online platform. On Thursday, April 14, the National Academy of Public Administration and Grant Thornton hosted a Symposium on the topic 10 Years of the NASA Shared Services Center A Retrospective. Previously, he has served as the Chief Human Capital Officer for the US Small Business Administration and as the Associate Director for the OPMs Human Capital Leadership and Merit System Accountability Division. 2023 FCA Corp. All Rights Reserved. The Program facilitates loans which are underwritten by the participating non-profit lenders and supported by the state contributions to a loan loss reserve fund. Appreciated property held for more than one year may be donated to a Read more 791 Town and Country Furthermore, reviewing rates every quarter and revising them in the budget year as appropriate or annually is recommended. Fiscal 2022 DCSA defense working capital funds in the amount of $19,392,903; and operation and maintenance funds in the amount of $5,878,162 were obligated at the time of award. Alex DaPron, CIMA - External Wholesaler - Capital Group | LinkedIn OMB reviewed more than 100 documents to identify improvement possibilities, including case studies, industry reports, policy directives, and guidance. The overall objectives are consistency, efficiency, and transparency. [NOTE: This award, originally posted with the Dec. 1, 2002, contract announcements, is actually being awarded today.] you consent to acceptance of the change. 10 U.S. Code 2208 - Working-capital funds. \\%{gfmf r~/*0R(PyI"Y)TKi JM{i$@sYuO: The purpose of the assessment will be to evaluate an agencys WCF culture, performance, progress, and resources in order to identify major needs and gaps. The speakers proposed that revolving funds are central in the evolution of shared services. Karen Stamey is the responsible WCF Manager. PDF This Issue On Thursday, June 9, the National Academy of Public Administration and Grant Thornton hosted a Working Capital Fund Symposium on the impact of the COVID pandemic and other existential threats on Working Capital Fund operations and successful mitigation strategies. Maybe this can be a forum to make some real changes to WCFs. Thank you for reading and your continued support to DCSA. We may only transact business in those states in which we are registered, or qualified for an exemption or exclusion from registration requirements. If you are 72 or older by year end, do not forget to distribute your Required Minimum Distribution (RMD) from your IRA for 2022 prior to year-end. The WCF Board may recommend strategic services, goals, and objectives, priorities, investments, funding, and shared service functions, and the use of WCF reserves.

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