TSA Financial Management Services

As an operating element of the Department of Homeland Security (DHS), the Transportation Security Administration (TSA) is charged with protecting the nation s transportation systems and ensuring the safety and security of the traveling public. TSA utilizes public resources in accomplishing this mission and must maintain and ensure accountability over its spending. TSA's Financial Management Division (FMD), under the direction of the Chief Financial Officer (CFO), is responsible for all of TSA financial management operations, policy, procedures, oversight, and reporting and is the agency s primary financial steward. FMD is responsible for accounting and reporting for the agency s budget of approximately $7.3 billion, overseeing and maintaining financial systems, compliance with the Chief Financial Officers Act of 1990 and spearheading government-wide management designed to improve the business of government and ensure resources are managed with integrity. FMD s highest priorities include improving business processes and resolving issues related to the TSA financial management, providing accurate financial information and obtaining an unqualified audit opinion with no material weaknesses or significant control deficiencies. Properly managing and accounting for agency assets is critical to achieving these priorities. The range of contractor support encompasses assisting the TSA with federal financial management, financial and reporting systems, integrating new processes that are audit compliant, and providing support services that fulfill stakeholder requirements and customer needs.