The following is a summary of the Office of the Chief Financial Officer's (OCFO) Strategic Plan. If you would like a copy of the full plan, please contact our office at (202) 727-2476 or via email.

Agency Mission

The mission of the OCFO is to enhance the fiscal and financial stability, accountability, and integrity of the Government of the District of Columbia.

FY 2004 Strategic Result Goals

Goal 1	Maintain a 14-day average turnaround time for individual income tax refunds.
Goal 2	Finalize a new payroll system that will support Performance-Based Budgeting (PBB).
Goal 3	Maintain adequate cash balances for the District.
Goal 4	Ensure that District spending remains within approved budgets.
Goal 5	Transition the District's budget and financial plan entirely in PBB terms, over the next two years.
Goal 6	Provide an original binding revenue estimate that is within 5 percent of the variance between the Congressional Budget Office estimate of federal revenue and actual federal revenue.
Goal 7	Improve aspects of financial management that impact the bond rating in order to lower the cost of borrowing for the District.
Goal 8	Improve tax compliance by increasing dollars collected from the accounts receivable balance by 7 percent.
Goal 9	Improve customer service.
Goal 10	Mitigate the District's structural fiscal imbalance over a four-year period.
Goal 11	Ensure that the District's accounting, budget, payroll, and tax systems provide timely, accurate and reliable information.
Goal 12	Produce the District's Comprehensive Annual Financial Report for FY 2003 on time with an unqualified "clean" opinion.
Goal 13	Provide continuing professional development for employees.
Goal 14	Maintain an adequate vendor base by paying 100 percent of valid vendor invoices within 30 days of receipt.
Goal 15	Enhance and modify the financial Executive Information System (EIS) to provide real-time budget management reports and online inquiries that track actual spending against agency spending plans.

FY 2004 Issues and Trends

Issue Statement # 1:
As the independent fiscal manager, the OCFO must ensure financial integrity while striving to achieve balance between policies, budget priorities, and expenditures through interaction with the Mayor, DC agencies, Council, and Congress.

Issue Statement # 2:
The structural imbalance between revenues and expenditures, if left unaddressed, will impede the District's ability to achieve program goals and leave the city vulnerable to economic fluctuations.

Issue Statement #3:
Congressional oversight resulting from the District's unique status makes program implementation and financing especially important.