(RCBC), said the bilateral GMRA
would be entered into by two counterparties.
Bidding in the OMO is available only to those counterparties who have registered with the Bank and signed the 2011 GMRA
. The Bank's Operating Rules and Guidelines detailing the actual process are provided to counterparties and are also published on the Bank's website.
Following the successful execution of the pilot project, Pure was awarded a number of contracts to expand the system and to provide technical support to the GMRA
to maintain the system.
The BVC said it audited the GMRA
's management system and found it to be in accordance with the requirements of the management system standards of ISO 9001.
ENACTMENT OF GPRA AND GMRA
: IMPLICATIONS FOR PERFORMANCE BUDGETING
Since the adaptation of the CFO Act in 1990, amended by the subsequent GMRA
legislation of 1994, great progress has been made in federal financial management.
The theory underlying the Chief Financial Officers (CFO) Act of 1990 and related legislation, including the Government Management Reform Act (GMRA
) of 1994, the Federal Financial Management Improvement Act (FFMIA) of 1996, and the Clinger-Cohen Act of 1996, is that if federal agencies are required to develop and use a financial accounting and reporting system similar to the one used in the private sector--i.e., one that produces private sector-style financial statements (balance sheets and income statements)--agency operations will become more effective and efficient over time.
The federal government has a long history of adopting and adapting successful and prudent business practices from the private sector, such as in the Chief Financial Officers (CFO) Act of 1990 and Government Management Reform Act (GMRA
) of 1994, which require agencies to undergo financial audits similar to those in the private sector.
Items It is important to be well read 5.42 (fl) 5.48 (gm) and educated I feel a strong need for new 4.19 (qb) 3.81 (b) experiences I like to seek out new foods 3.95 (u) 4.59 (gmrvya) and tastes I am concerned with self-fulfillment 4.31 4.63 (mr) I want to be outstanding in my field 4.77 (q) 4.93 (ra) of work I want something meaningful to work 5.20 (flqz) 5.33 (gmra
) toward I want time and energy left over to 5.39 (lqu) 5.30 (v) pursue personal interests I prefer a more creative life to 4.20 (qu) 3.93 (r) financial well-being Self-improvement is important to 4.47 (q) 4.59 (r) me and I work hard at it People should be free to look, 4.63 4.56 dress, and live the way they want Traditional Family Values -0.98 -1.61 (Item reverse coded) Mean Std.
Many federal agencies are fulfilling only minimum requirements of the Chief Financial Officer Act of 1990 and the Government Management Reform Act of 1994 (GMRA
) by auditing only the agency's consolidated financial statements.
The Chief Financial Officers (CFO) Act of 1990, as amended by the Government Management Reform Act (GMRA
) of 1994, requires annual audits of agency-wide financial statements of 24 major agencies ("CFO agencies") in accordance with Government Auditing Standards.
The requirements of the CFO Act, GMRA
, and GPRA place a heavy burden on technology as a source of good information.