FY 2001 Performance and Accountability Report Homepage Annual Performance Goals and Results Performance for FY 2001 Goals and Objectives —     Strategic Goal I     Strategic Goal II     Strategic Goal III     Strategic Goal IV     Corporate      Management      Strategies and      Internal Goals Completeness and Reliability of Performance Data

Annual Performance Goals and Results

Performance for FY 2001 Goals and Objectives

Strategic Goal IV.

The effectiveness of our financial management of the Retirement, Health Benefits, and Life Insurance Programs is evidenced by the unqualified audit opinion the agency received on these financial statements and the low incidence of erroneous payments as a percent of our annual benefit payments.

The agency's Performance Plan described the goal to improve its financial stewardship of the employee benefit programs and ensure that these monies are protected from waste, fraud, abuse, and mismanagement. This goal is supported and expanded upon by the three goals described by the Office of the Inspector General (see Corporate Management Strategies, below). To achieve these results, the agency must assure that the financial management systems substantially comply with Federal Financial Management Improvement Act requirements and that an aggressive financial oversight program is maintained. OPM made significant strides toward these outcomes during FY 2001.

Strategic Objective: The trust fund financial systems are in full compliance with the Federal Financial Management Improvement Act (FFMIA) and the Federal Manager's Financial Integrity Act (FMFIA) by FY 2003.

The trust fund financial systems are brought closer to full compliance with FFMIA and management challenges are addressed.

This objective is being achieved and OPM met its annual goal in FY 2001. As discussed in the Analysis of Our Financial Performance, the "stand alone" annual financial statements for the employee benefit programs for FY 2001 (Retirement, Health Benefits, and Life Insurance) received unqualified opinions from the independent auditors. Also, the agency continued making progress toward resolving the reportable conditions described in the FY 2001 annual FMFIA assurance letter - Enrollments and Premium Reconciliation. This will be resolved in FY 2002 with the implementation of the Centralized Enrollment Clearinghouse System (CLER). The agency awarded a contract to the National Finance Center in November 2000 to develop the CLER and development is on-going. Pilot testing will begin in March 2002, with full implementation in June 2002. CLER will be a Web-based system in which health plans and agencies will report detailed enrollment data. CLER will reconcile the two inputs and generate feedback regarding any discrepancies to the appropriate parties for correction. These corrections will be fed back to CLER and final results provided to all stakeholders.

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