COMMISSION BRIEFING Jesse L. Funches Chief Financial Officer - PowerPoint PPT Presentation

COMMISSION BRIEFING Jesse L. Funches Chief Financial Officer February 11, 2003

BRIEFING TOPICS OCFO FY 2002 Costs Financial Operations Financial and Performance Reporting Planning, Budgeting, and Performance Management Slide 2

OCFO FY 2002 COSTS Labor Cost 100 75 OCFO 54 47 50 NRC 25 19 18 17 13 13 11 3 3 0 r s r e o . o v v e b b p c i a t a u a n L S L r e t s s r t & c e i b n e h A . i r t m m t i O D d d g i a A M P OCFO is 4.6% of agency's FY 2002 cost Average cost per labor hour: OCFO = $44.73, NRC = $52.83 Slide 3

Financial Operations Slide 4

FINANCIAL OPERATIONS Timeliness of Payments Accuracy of Payments 100 75 Electronic Payments 100 50 100 100 100 100 96 96 95 87 75 25 50 99 99 99 99 99 99 100 100 100 0 1999 2000 2001 2002 75 25 50 100 100 100 100 100 0 99 98 99 1999 2000 2001 2002 Salary/Award - Goal: 99% 25 All Other Payments - Goal: 95% 0 Salary/Award - Goal: 99% 1999 2000 2001 2002 All Other Payments - Goal: 99% Salary/Award - Goal: 100% All Other Payments - Goal: 98% Slide 5

FINANCIAL OPERATIONS Goal: Collect approximately 100 percent of the amount to be collected though fees. 120 100.9 100.7 100.4 99.4 98.6 100 80 60 40 20 0 1998 1999 2000 2001 2002 Goal: Maintain delinquent debt below 1 percent ($4.8M) of annual billings. 5 4 2.7 3 2.4 2.3 2 2 1.5 1 0 1998 1999 2000 2001 2002 Slide 6

Financial and Performance Reporting Slide 7

FINANCIAL AND PERFORMANCE REPORTING President's Management Agenda - Improved financial management Performance and Accountability Report (PAR) AGA's Certificate of Excellence on Accountability Reporting Challenge: Acceleration of PAR Slide 8

FINANCIAL AND PERFORMANCE REPORTING FY 2002 financial statement results Unqualified audit opinion Reportable conditions (4 closed, 1 removed, and 5 open) Challenge: Quarterly financial statements Slide 9

FINANCIAL AND PERFORMANCE REPORTING NRC financial systems Implemented three new systems Meet Federal system requirements Challenges: E-Payroll, E-Travel, Cost Accounting System, and License Fee Billing System Enhanced financial information to agency managers Slide 10

Planning, Budgeting, and Performance Management Slide 11

NRC'S BUDGET SUMMARY 700 626 585 600 559 487 500 470 400 300 200 100 0 2000 2001 2002 2003 2004 Existing Programs Homeland Security New Reactor Licensing Slide 12

FINANCING NRC'S BUDGET Increased fees flow from budget decisions 700 626 585 600 559 487 500 470 400 300 200 100 0 2000 2001 2002 2003 2004 Offsetting Fees Nuclear Waste Fund General Fund Slide 13

CARRYOVER FUNDS Goal: Unliquidated carryover - approximately 4 months of non-S&B expenditures. Unobligated carryover - approximately 5 percent of NRC budget. 180 160 147.9 140 130.6 * 116.4 120 113.8 * 108.1 108.7 105.3 100 93.6 84.3 79.8 80 60 40 34.1 * * 25.5 23.8 22.8 21.8 20 0 1998 1999 2000 2001 2002 Slide 14 Unliquidated Unobligated Total *Excludes $4 million for Multi-Purpose Canister Design.

LINKING RESULTS TO BUDGET President's Management Agenda - Budget and performance integration OMB Performance Assessment Rating Tool (PART) Triennial update of strategic plan Slide 15