Chief Financial Officer (CFO) Report
Guidance for all stakeholders regarding annual CMS financial statements as required under the Chief Financial Officers (CFO) Act of 1990.
Issued by: Centers for Medicare & Medicaid Services (CMS)
Issue Date: January 15, 2020
This section contains the annual CMS financial statements as required under the Chief Financial Officers (CFO) Act of 1990 (P.L. 101-576). The CFO Act marked a major effort to improve U.S. Government financial management and accountability. In pursuit of this goal, the CFO Act instituted a new Federal financial management structure and process modeled on private sector practices. It also established in all major agencies the position of Chief Financial Officer with responsibilities including annual publication of financial statements and an accompanying report. The form and content of this Financial Report follows guidance provided by the Office of Management and Budget, the General Accountability Office, and the Department of Health and Human Services. It reflects CMS’ support of the spirit and requirements of the CFO Act and our continuing commitment to improve agency financial reporting.
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DISCLAIMER: The contents of this database lack the force and effect of law, except as authorized by law (including Medicare Advantage Rate Announcements and Advance Notices) or as specifically incorporated into a contract. The Department may not cite, use, or rely on any guidance that is not posted on the guidance repository, except to establish historical facts.