External Link Disclaimer

This hyperlink does not constitute endorsement by the U.S. Navy of non-U.S. Government sites or the information, products, or services contained therein. Although the U.S. Navy may or may not use these sites as additional distribution channels for Department of Defense information, it does not exercise editorial control over all of the information that you may find at these locations. Such links are provided consistent with the stated purpose of this website.

-Home > Home
 

 Office of Financial Operations (FMO)

 

The Office of Financial Operations (FMO), under the Assistant Secretary of the Navy, Financial Management and Comptroller, acts on behalf of the Department of the Navy (DON) and is responsible for financial and accounting matters. FMO leads financial programs and activities that are designed to improve the way the DON does business and support the warfighter.

As Department of Defense (DoD) directives and policies are set for financial efficiency, effectiveness, and transparency, FMO reports on financial data. FMO also develops and manages accounting and finance related programs to help Budget Submitting Offices (BSOs), Commands, and other Shared Service Providers (SSPs) comply with the DoD requirements and audit response.

FMO’s support enables BSOs within each Command, and other SSPs developed to provide credible and affordable solutions to the Warfighter, to comply with DoD financial requirements.

FMO is comprised of the following divisions:

FMO-1: Accounting and Finance Systems

Provides leadership to FMO in all areas of information and technology management in support of audit readiness and sustainment objectives. Also supports the strategic initiatives of FMO through policies that improve the efficiency and performance of financial IT systems and associated business processes.

FMO-2: Accounting and Financial Practices and Reporting

Responsible for producing the Annual Department of the Navy (DON) Financial Reports and for establishing governance over financial data management, policy and processes. Also ensures the accuracy of financial data.

FMO-3: Financial Services

Ensures that all Department of the Navy (DON) pay and disbursing programs and operations support the Secretary of the Navy’s Joint Naval Mission and the DON Total Force.

FMO-4: Assurance and Risk Management

Prepares, analyzes, and summarizes the ASN FM&C’s and FMO’s Manager Internal Controls (MIC) certification statements to support the DON’s Statements of Assurance and administer the DON’s consolidated risk management program that includes: The Managers’ Internal Control (MIC) Program; Financial Improvement and Audit Readiness (FIAR); and the OMB Circular A-123, Appendix A Internal Controls over Financial Reporting (ICOFR) and Appendix D Internal Controls over Financial System (ICOFS) programs.

FMO-5: Audit Response and Evaluation

Coordinates financial statement audit activities across the DON enterprise (including service providers) and institutionalizes a Department-wide quality control program that supports the DON in meeting its audit readiness goals to promote and sustain financial management improvements.

FMO-C: Operations and Management

Supports FMO’s goal to enable a culture of collaboration, integration, innovation, and transformation across FMO Divisions to enable business success. FMO-C ensures an overarching alignment across Divisions by maintaining continuous communications, identifying areas for performance improvements, and by providing acquisition management, budgeting and resources, and analytical support to the DON.

 

 Leadership Corner

 

Karen Fenstermacher
Deputy Assistant Secretary
Biography
Fenstermacher_Picture.png

Steven R. Quentmeyer
Deputy Director
Biography
Quentmeyer_Picture.jpg

 

 Quick Links

 
  
Accounting and Finance Systems (FMO-1)
Accounting and Financial Practices and Reporting (FMO-2)
Financial Services Division (FMO-3)
Assurance and Risk Management (FMO-4)
Audit Response and Evaluation (FMO-5)
Operations and Management (FMO-C)
Financial Reports and Metrics Support
Transportation Incentive Program
Transportation Incentive Program Links
Regulations and Manuals
Account Finance Policies
FMO Collaboration Site (CAC required)
Connect With Us!

Office of Financial Operations
915 Charles Poor Street, S.E., Bldg 157
Washington Navy Yard, D.C. 20374-5025

This is an official U.S. Navy website
Contact the Webmaster - Please read our Privacy Policy Notice - No FEAR Act - Section 508