Commonwealth of Massachusetts Chief Fiscal Officer Conference

1
Commonwealth of MassachusettsChief Fiscal
Officer Conference

• Executive Information Overview

2
Session Overview

• Introductions
• Goals of this session
• Knowledge Center
• Best practices
• CFO perspective on using MMARS
• Using CIW to meet CFO/Finance Department needs
• Q A

3
Introductions

• Panel participants
• CTR resources
• CIW resources
• Department resources
• Whos in the session?

4
Goals of This Session

• Overview of resources available to CFOs to access
  information
• Best practices from CFOs in MA panelists
  suggestions from the audience
• Gather input on whats important to CFOs and
  whats available with new system

5
Goals (cont.)

• Planned offerings
• Senior manager briefing
• Refinement of existing information delivery tools
• Executive access to information
• Preparing for FY06

6
CFO Requirements

• CFO questions what do you ask on a routine
  basis?
• Which are easily answered?
• Which are problematic?
• Executive questions youre asked
• Department Head needs
• ANF and Legislative inquiries

7
Preparing for FY06

• Hindsight is always 20 20
• Advice for initial implementation do the basics
  and expand in FY06
• Leveraging system capability
• Chart of account functionality
• Use of templates, labor profiles
• Expense budgets/financial reporting