The AOC’s talented financial staff helps to manage the agency’s resources with integrity and accuracy.


The AOC also continues to pursue opportunities to promote efficiency and economy. To identify staffing and resource allocation needs, the AOC completed the workforce study of our Planning and Program Management office. This study included staffing recommendations based upon workload analysis. Additionally, the FY 2019 appropriations bill included an AOC-requested administrative provision that increased our small purchase contracting authority to $250,000. Further, lessons learned from Phase 1 of the Cannon Renewal Project have assisted us in developing procedures to improve the management of construction projects and change orders. These procedures will help ensure that future projects remain within budget and on time.


Looking Forward


Looking ahead to the future, we are committed to sustaining our financial statement audit progress, reducing manual processes and improving data quality. The AOC continually monitors other federal agency best practices and initiatives to further advance our financial functions. For example, this year we reached an agreement with the U.S. Department of Treasury (Treasury) to implement their Budget Formulation and Execution Manager application. While still in its implementation stage, this application will standardize and improve the AOC’s budget formulation processes. We are also working to implement Treasury’s G-Invoicing platform, which will help improve the agency’s intragovernmental purchase and sale


2019 PERFORMANCE AND ACCOUNTABILIT Y REPORT


processes. Although the AOC is not subject to the Digital Accountability and Transparency Act, we are standardizing our financial data for cleaner reporting and improved transparency.


Conclusion


The annual financial statement audit is an essential element in the AOC’s internal control program and a check of our financial management processes. I would like to thank Congress for its continued support in allowing the AOC to preserve our nation’s capital for future generations. I also thank our audit partners for their assistance and professionalism. Most importantly, I would also like to thank the AOC’s talented staff who work throughout the year toward our goal of sound stewardship of our appropriated funds. We are proud of our achievements and hope that this report provides a thorough and candid explanation of how the AOC manages our funds and achieves our mission.


Sincerely,


Jonathan Kraft Acting Chief Financial Officer November 15, 2019


Financial Information • Section III


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