SSN_2032H326N00011_FMBSS_PWS.pdf

SSN# 2032H326N00011 Page 1 of 11

Performance Work Statement

Title: Financial Management and Business Support Services Date: February 6, 2026

1.0 INTRODUCTION

The Department of the Treasury (Treasury/Department) and/or components is responsible for many aspects of maintaining and improving the financial management environment, including:

preparing the accounting records and standalone audits of select reporting components, assessing internal controls at both the component and Department level, performing agency-wide financial reporting and accounting policy development, and maintaining the Department’s financial systems and financial data.

The Department’s financial management policies and standards are developed, implemented, and evaluated in accordance with the guidelines of the Federal Accounting Standards Advisory Board (FASAB) and Office of Management and Budget (OMB). Certain components financial statements are prepared in accordance with the guidelines of the Financial Accounting Standards Board (FASB).

The Department and/or components require specialized financial analysis, accounting, and business services to support its business operations. These services will help improve operational efficiencies, systems and data integrity, and support the implementation of new and current agency-wide business initiatives.

2.0 SCOPE

This Performance Work Statement (PWS) is intended to provide Treasury with financial management and accounting support services to include technical research of Generally Accepted Accounting Principles (GAAP), OMB, and legislative requirements, accounting and analytical services in areas such as proprietary and budgetary reporting, variance analysis, problem resolution, data reconciliation, abnormal accounting conditions and business process improvements while also helping to maintain robust internal controls that facilitate Treasury’s compliance with applicable laws, regulations, and guidance. The Contractor shall provide all management, labor, and supervision necessary to satisfy the PWS requirements. The scope of the services will be provided to the Department of the Treasury and/or components, upon coordination with the Blanket Purchase Agreement (BPA) Contracting Officer Representative

(COR).

3.0 OBJECTIVES

3.1 The Government intends to procure contractor assistance for accounting support and consulting services to improve its federal financial management and accounting processes and overall financial posture.

3.2 The Contractor shall use innovative approaches to accomplish and execute the PWS requirements efficiently and effectively for all task areas.

3.3 The following list identifies key federal statues, regulations and guidance that will be relevant to call orders issued under this General Services Administration (GSA) BPA.

This list is provided for reference purposes and is not exhaustive. The applicability of specific

SSN# 2032H326N00011 Page 2 of 11 statutes or regulations will depend on the nature and scope of individual call orders. The Government reserves the right to update, supplement, or revise this list, as necessary, through written direction or formal modification, in accordance with applicable contract terms and acquisition regulations.

Applicable authorities may include, but are not limited to, the following:

Accountability of Tax Dollars Act of 2002, Improper Payments Information Act of 2002, Improper Payments Elimination and Recovery Act of 2010 Improper Payments Elimination and Recovery Improvement Act of 2012, Payment Integrity Information Act of 2019 Reports Consolidation Act of 2000, Federal Financial Management Improvement Act of 1996, Debt Collection Improvement Act of 1996, Government Management Reform Act of 1993, Government Management Reform Act Modernization Act of 2010, Inspector General Reform Act of 1994, Government Performance and Results Act of 1993, Debt Collection Act Amendments of 1993, Debt collection Improvement Act of 1996, Cash Management Improvement Act Amendments of 1992, Chief Financial Officers Act of 1990, Cash Management Improvement Act of 1990, Federal Credit Reform Act of 1990 (FCRA), OMB Circular A-11 – Preparation, Submission, and Execution of the Budget, OMB Circular A-123 – Management’s Responsibility for Enterprise Risk

Management and Internal Control, OMB Circular A-136 – Financial Reporting Requirements, GAO’s Standards for Internal Control in the Federal Government, Federal Information Security Modernization Act of 2014, Prompt Payment Act of 1982 (amended 1988), Federal Managers’ Financial Integrity Act of 1982, Debt Collection Act of 1982, American Recovery and Reinvestment Act of 2009, Anti-Deficiency Act of 1870 (with amendments in 1982), Digital Accountability and Transparency Act of 2014 Foundations for Evidence-Based Policymaking Act of 2018

4.0 PERFORMANCE REQUIREMENTS

In executing the requirements of this PWS, the Contractor shall satisfy the performance requirements included below.

4.1 Task Requirement 1: General Accounting Support

In providing General Accounting Support, the Contractor is expected to have comprehensive financial, operational, and system-related capabilities rooted in a knowledge of federal regulations and statutory requirements for financial management. The contractor is required to have experience and demonstrate excellence in performing financial, system, and performance-based audits, financial analysis and reconciliation, as well as the capability to identify and

SSN# 2032H326N00011 Page 3 of 11 recommend all of the essential actions in order to correct all abnormal financial accounting issues for all Treasury funding types.

The Contractor shall adhere to applicable federal financial management regulations and Treasury financial management and information technology policies. The key personnel should have current knowledge of generally accepted accounting principles (GAAP) as set forth by the Federal Accounting Standards Advisory Board (FASAB) and standards of financial accounting established by the Financial Accounting Standards Board (FASB). In addition, key personnel should have experience with Accounts Receivable, Accounts Payable, Budgeting, Investments, Auditing, Internal Controls, Risk Management, Information Systems Auditing, Financial Systems Operations, Data Analytics, Cost Accounting, and Project Management. The contractor shall demonstrate the capability and knowledge to perform continual accounting, financial and business process analysis, mapping, and improvement.

The Contractor shall provide professional and technical services in support of Treasury’s business, resources, program control, and financial accounting and reporting operations. The Contractor shall provide preparation and analysis of budget, including apportionment requests, and financial data, preparation of pertinent briefing materials, analysis and entry of financial data into automated systems, preparation of business resources and financial reports, business and programmatic support to Treasury organizations and teams, and documentation of financial processes and systems. The Contractor shall provide verification and assessment of budget and financial data, evaluation of compliance with applicable policies and procedures, support for financial analysis and reviews, and operational audit support.

The Contractor shall be accomplished or capable of learning the skill necessary in navigating all of Treasury’s financial management and audit systems. Treasury’s custom-built headquarters applications includes the Treasury Information Executive Repository (TIER) [i.e., trial balance data repository], TIER Financial Statements (TFS) [i.e., financial reports], and the Joint Audit Management Enterprise System (JAMES) [i.e., audit tracking system]. Treasury also utilizes commercial off the shelf (COTS) software, including Certent Disclosure Management (CDM) and ServiceNow Governance, Risk, and Compliance (GRC) [i.e., internal control assessments, audit tracking].

The Contractor shall provide technical and non-technical support with these systems and their successors. The Contractor shall also be in a position to provide capabilities with Treasury-wide financial systems including instances of SAP, Oracle Federal Financials, Oracle Commercial, and PeopleSoft. Additionally, the contractor shall be in a position to provide capabilities with Treasury-wide integrations related to the procurement and financial assistance award environment, including instances of the Bureau of the Fiscal Service’s (BFS) Compusearch PRISM, the Bureau of Engraving and Printing’s Oracle Contract Lifecycle Management (CLM), and the Internal Revenue Service (IRS) Procurement System. The Contractor shall also be responsible for the integrated financial systems environment’s ability to connect and exchange data with external systems (e.g. General Services Administration’s (GSA) Federal Procurement Data System Next Generation (FPDS-NG) or the System for Award Management (SAM)). In order to be successful with these capabilities, knowledge is required of the Government’s accounting structure and systems; budget and standard accounting practices, and various data standards and interfaces.

SSN# 2032H326N00011 Page 4 of 11

More specifically, the Contractor should have the ability to provide support in the areas outlined below.

4.1.1 ACCOUNTING AND OPERATIONS MANAGEMENT SUPPORT

The Contractor shall provide services in support of Treasury’s operational accounting functions.

More specifically, the Contractor shall:

Support tracking, verifying, and financial reporting on funds, commitments, obligations, costs and disbursements.

Support the recording and maintenance of financial transactions and documents in various financial and document management systems.

Support the monitoring of accounting transactions to reflect the financial impacts.

Support general ledger management functions associated with journal voucher processing, reconciliations and validations with specific reconciliation of the subsidiary and general ledger accounts, budgetary and proprietary accounts, and other accounts.

Task also includes the reconciliation and proposals for adjustments to correct any erroneous account balance data.

Assist in coordinating policy and process documentation, review and configuration control.

Support financial operations, ensuring the resulting financial statements are prepared timely, in accordance with statutory and regulatory requirements (e.g. GAAP, OMB Circular A-136).

Support timely and accurate completion of all required reports to external sources such as the OMB and BFS.

Provide operations support, ensuring compliance with applicable rules, laws and regulations.

Support Treasury and/or components by providing subject matter expertise for financial system implementations and regular Implementation Program Reviews (IPRs).

Provide cost accounting and allocation analysis support.

4.1.2 BUDGET FORMULATION AND EXECUTION

The Contractor shall provide expertise in the functional business processes that relate to budget formulation, budget execution, budget presentation, performance management and decision support analytics to technically assist with requirements, design, and validation of budget formulation and execution software solutions. This includes, but is not limited to, assistance with planning, developing, organizing, implementing, and evaluating technical objectives of the Treasury’s fiscal budgeting function and performance. Additional tasks may include the following:

Provide technical and non-technical support to assist Treasury and/or components to integrate with the Office of the Deputy Chief Financial Officer (ODCFO) led enterprise financial management environment regarding budget formulation and budget execution reporting.

Provide oversight, maintenance and documentation of the data repository strategically aligned to performance information including measures, targets, historical results, data sources and definitions.

Create budget formulation and execution models, data and exhibits to prepare for annual budget submission documents and exhibits.

Prepare apportionment requests (SF-132) or analyze and review budget execution reports (SF-133).

SSN# 2032H326N00011 Page 5 of 11

Support additional opportunities for automation. This could include tasks to automate the management and reporting of reimbursable agreements, revolving funds, or earned benefits trust funds.

4.1.3 FINANCIAL REPORTING

4.1.3.1 The contractor shall provide support to the Treasury financial management community which will be defined at the Call Order level. Such support may be required throughout the year and additional seasonal support during the annual financial statement audit period, or as needed. The contractor shall also provide accounting support services in support of various internal and external reporting responsibilities. This area includes, but is not limited to assisting Treasury and/or components in:

Prepare monthly, quarterly, and annual Financial Statements and supporting documents.

Work closely with accountants, analysts and management, analyze, process and report accounts, such as statement of differences, status of funds, monthly and quarterly, and compute receivable/payable balances, and other balances and information as necessary, annually and as part of the financial statement process.

Ensure the appropriate financial reports are provided to Treasury and/or components and other budget and financial management groups to monitor financial performance.

Ensure management and staff outside of ODCFO receive the financial information needed to effectively manage their organizations and programs.

Prepare and analyze ad hoc reports.

Support Treasury and/or components in compiling and publishing the Agency

Financial Report in accordance with OMB Circular A-136 and other relevant criteria.

Provide expert support in all areas related to credit reform monitoring, accounting, and financial reporting for the agency’s Federal Credit Reform Act (FCRA) portfolio.

Adapt the processes and data used to prepare the financial reports to address new reporting requirements such as those required for Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) and Data Act/USA Spending reports.

Research GAAP, OMB, and Legislative requirements, determine applicability to the Department and its’ components, develop related reports, and develop related journal entries/post to the general ledger.

Assist Treasury and/or components to respond to new federal requirements (including mandates from the OMB and BFS) and/or special projects that may occur during the performance with the specialized skills and/or resources to meet the new requirements within mandated deadlines.

Support Treasury and/or components to meet any short-term needs to perform operational requirements and/or to enable the expansion of financial management analytic capacity.

4.1.3.2 The contractor will make all financial records and related information available to the external auditor. The contractor team shall perform additional related tasks in support of the audit, including but is not limited to:

Analyze financial statement data, Correct audit findings and internal control deficiencies, Respond to all audit inquiries, to include Prepared by Client (PBC) items, Prepare special analyses and reports, Maintain financial statement crosswalks/value sets, Maintain adjustment module, SSN# 2032H326N00011 Page 6 of 11

Analyze the relationship tests, Prepare position papers, Prepare and/or analyze accrual, allocation, and elimination entries, Prepare daily, monthly, quarterly, and year-end entries, and Analyze notes to the financial statements.

4.1.3.3 Services required on call orders under this PWS include the following:

Provide support and assistance to Treasury and/or components in the development and production of documents and management-related documents in print and electronic formats. Provide design, layout, editing, and content services for the Agency Financial Report (AFR) and related documents in print and electronic formats.

Provide support for the development, maintenance, and application of “best in class” reader and other machine compatible electronic reports, prior to posting on the agency’s web pages for reports in this BPA, including the Treasury and/or component’ s AFR.

The contractor team shall continuously review, adapt, and update the underlying processes and procedures used to prepare the financial statements and support ODCFO to ensure they remain efficient, effective, and compliant. The contractor team shall adapt processes as needed to make maximum use of Fiscal Service (such as Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) and Central Accounting Reporting System (CARS)) and agency-owned systems and to comply with any new reporting requirements. The contractor team shall also provide graphics capabilities, as necessary, to ensure the agency remains a “best in class” organization and periodically benchmark “best in class” federal, state, and local financial report publications to ensure Treasury and/or component’ s deliverables are of comparable quality.

4.1.4 FINANCIAL ANALYSIS

Treasury and/or components seek to significantly improve its management of financial data and to build more robust data analytic capabilities over the next several years. The agency manages steadily escalating volumes of data. This data shall be managed, cleansed, analyzed, and summarized in numerous reports and/or in response to inquiries. Industry standards for reporting data are evolving and are quickly moving towards real-time analytics.

The Contractor shall collect, review, and analyze Treasury and/or component’ s financial and performance data using various financial analysis systems and methods to provide expressive comparisons between the historic and current financial position of Treasury.

4.1.4.1 The contractor team shall assist with the following task, including but is not limited to:

Identify analytic requirements of Treasury and/or components’ internal and external stakeholders through customer surveys, benchmarking, and other means.

Benchmark other federal organizations to identify leading practices related to performing financial analysis and using business intelligence tools.

Identify the data required to perform financial analysis across all major financial management business processes and sources and methods of data extraction.

Perform specific data analytic-related tasks and help to transition the work to the

Department and/or component’s staff.

Identify appropriate tools and methods of performing financial analyses, to include making maximum use of existing agency analytic tools used by other offices or organizations.

SSN# 2032H326N00011 Page 7 of 11

Determine how best to leverage the resources, data, and people from other program offices, automated systems, and from shared service providers to support financial analysis requirements.

Document new analytics business processes.

4.1.4.2 Specifically, the contractor will:

Track changes in financial condition;

Identify emerging financial problems in time to take action;

Identify existing problems that are not obvious to the agency's staff;

Develop solutions to deal with identified problems;

Project future funding needs;

Present a clear image of the agency's strengths and weaknesses for use with key stakeholders;

Operate more strategically by linking agency priorities with funding and mission critical services;

Offer a budgeting perspective that is long term in nature; and Communicate agency goals and the funding streams with staff.

4.1.5 COST ACCOUNTING

The contractor shall also support the Department and/or component’s cost accounting programs and related activities. Tasks may also include but are not limited to the following:

Analyze the current model(s) for allocating Department and/or component overhead charges to customer entities receiving benefits: review activities of component entities and their charges to cost pools, analyze for correlation / appropriateness, calculate overhead (OH) rate, apply rate to billings, and true-up as necessary.

Develop new model(s) as may be necessary to properly allocate overhead charges;

Act as the subject matter expert in federal overhead calculations and managerial cost accounting to identify strengths, weakness, and inconsistencies with federal regulations such as but not limited to the GAO Red Book, Economy Act, etc. Report findings to management.

Assist in developing and documentation of OH methodology and processes; Review / update existing internal guidance documents, i.e., Standard Operating Procedures.

Review / design cost accounting reports for assigned programs to determine if the cost codes are being properly used, including meeting with program managers to identify issues with current labor cost accounting systems and processes.

Review / design cost accounting reports for assigned programs to determine if the information from the reports are useful and if the information is accurate, including meeting with program managers to identify issues.

Review cost accounting reports with program managers to determine how the program may use the information to make better decisions and improve budgeting and resource allocation.

Assist Treasury and/or component offices and programs in incorporating labor and non-labor costs into a full process cost view (pre-cursor to marginal costing);

Update and revise labor codes as appropriate based upon program input;

Develop reports and queries to assist program offices in viewing and analyzing cost data and information.

Update and revise cost models as appropriate.

Refresh model data to reflect new accounting period activity.

SSN# 2032H326N00011 Page 8 of 11

Assist with designing standard activities that could be applied across the Department;

Identify cross-organization processes that could be coded in such a way that the total cost of a process may be determined.

Support the Department and/or component as needed.

4.1.6 ACCOUNTING POLICIES AND STANDARD OPERATING PROCEDURES

The contractor shall also assist in the creation of applicable policies and desk level procedures for Treasury and/or component accounting operations, identify improvements in accounting operations, and implement these improvements. These policies and desk-level procedures shall coincide with government-wide financial management regulations and use Treasury’s current Directives and Orders for additional reference. The contractor shall recommend changes in the Directives and Orders, financial processes and procedures to enhance effectiveness, efficiency and/or accuracy of current accounting operations. The contractor will document approved recommendations prior to implementation. The contractor shall assist in developing new accounting policies and procedures covering a wide range of topics, including but not limited to key accounting and finance functions.

Provide advice on accounting policies and procedures that impact other Treasury business areas to help ensure they are understood and that the appropriate level of accountability is maintained both within and outside of the Department and/or component.

Document and maintain accounting policies and procedures.

4.1.7 AUDITING AND COMPLIANCE SUPPORT

The contractor shall support internal and external audits as well as reporting to the Enterprise Risk Management Council and other governance groups. Additionally, the contractor shall provide expert consulting services, guidance and management support for Treasury’s enterprise security governance, risk, and compliance efforts. Tasks may include, but are not limited to the following:

Analyzing programs, developing the controls environment, monitoring compliance with such controls, developing a corrective action plan for deficiencies, and reporting findings to management.

Support in reviewing audit findings and preparing corrective action plans.

Support the Department’s and/or component’s efforts in preparing for and meeting requirements of the annual external audit.

Support data analytics to help identify exceptions within financial data.

4.2 Task Requirement 2: General Audit Support

The Contractor shall provide support to assess and improve controls in or related to Treasury and/or component systems. Support includes, but is not limited to:

Assist the Treasury and/or component audit support team.

Help perform control reviews (e.g., external and internal audits, annual assessments);

Assess IT general and application controls.

Perform root cause analysis for control weaknesses.

Develop and implementing corrective actions for control weaknesses.

SSN# 2032H326N00011 Page 9 of 11

Develop recommendations for reengineering business processes (development and implementation) to address or prevent control weaknesses.

Provide ongoing internal controls and audit support.

The Contractor shall identify opportunities and implement processes to reduce overlapping control reviews related to Audit Support and OMB Circular A-123. The Contractor shall support Treasury’s efforts to prevent or address issues surrounding access controls to information systems.

The proposed Contractor resources collectively shall have experience related to IT general and applications controls, control reviews in the federal sector, compliance frameworks applicable to the federal sector (e.g., FEA, NIST, FISCAM), and business process reengineering. Experience with Treasury operations is a plus.

4.3 Task Requirement 3: Internal Control Support

The Contractor shall assist management with maintaining a robust internal control program within Treasury in accordance with laws, regulations, and guidance governing federal programs, including, but not limited to the Federal Manager’s Financial Integrity Act (FMFIA), Federal Financial Management Improvement Act (FFMIA), OMB Circular A-123, Management’s Responsibility for Enterprise Risk Management and Internal Control including its appendices (OMB Circular A-123), the GPRA Modernization Act, and the Chief Financial Officers Act. The Contractor shall provide a full range of support to include documenting financial and non-financial business and reporting processes, identifying key internal controls, assessing the design and operating effectiveness of internal controls, documenting the information systems environment, assessing information systems general and application controls, providing recommendations to correct control deficiencies, and developing policies, procedures, and guidance. This support may include, among other things, analysis, advice, and the use of data analytics.

The Contractor may assist with information systems auditing, and with other internal audits and reviews as necessary; work with senior staff on key issues that involve the finance function; and assist the Department’s and/or component’s leadership and staff in assuring protection for the assets of the Treasury through internal control and internal auditing. In addition, the Contractor will provide assistance in establishing and monitoring internal controls at third party service organizations, as well as complementary user entity controls, and assessing third party service organization reports.

Proposed resources shall have experience in providing program management, operational, internal control, risk management, and auditing services to public sector clients. The Contractor should also have experience using data analytics to gain greater insights into risk across an organization. The proposed Contractor resources collectively shall have experience related to performing internal control assessments, including assessments of information systems general and applications controls, in accordance with OMB Circular A-123.

4.4 Task Requirement 4: Support for Treasury’s Payment Integrity Program

The Contractor shall assist management with implementation and management of its Payment Integrity Program, in compliance with OMB Circular A-123, Appendix C, “Requirements for Payment Integrity Improvement,” and the Payment Integrity Information Act of 2019 . This support may include development of methodologies for determining improper payments, development and execution of statistical sampling plans, performance of risk assessments, SSN# 2032H326N00011 Page 10 of 11 testing for improper payments, development of plans for the reduction of improper payments, and review of Treasury and/or component program integrity/improper payment deliverables.

The proposed Contractor resources collectively shall have program management experience related to payment integrity/improper payments programs in the federal sector. The resources shall have experience with the implementation and execution of the requirements of OMB Circular A-123, Appendix C, “Requirements for Payment Integrity Improvement.”

4.5 Task Requirement 5: Financial Systems Integration and PMO Support

The Contractor shall support the ODCFO’s Financial Systems Integration team and Program Management Office (PMO) and/or component in technical and non-technical matters. The contractor shall maintain all documentation related to projects and initiatives, and provide assistance throughout all project management lifecycles providing management, direction, project scheduling, risk reduction and financial oversight to effectively initiate, plan, manage, monitor and control, and close all projects and initiatives the Department and/or component is involved in.

The Contractor shall provide services to support the improvement and maintenance of the agency’s financial reporting, analytics, and internal control systems. This could include the Contractor’s support in the automation of a new internal control system. The Contractor shall support all planning, design, development, implementation, and operation and maintenance of the Department’s and/or component’s enterprise suite of financial management applications (including internal controls). The Contractor will support configuration and enhancements, as well as integrations with other business applications which may be required to implement recent statutory requirements or to support business operations.

The Contractor shall provide all necessary personnel, administrative, functional, and technical services required to meet the requirements and/or tasks outlined in this PWS. The support services to be acquired include, but are not limited to, the below general areas:

Project management support Organizational re-alignment, re-design, and change management Systems requirements definition and user story definition Systems design and analysis [including patch analysis] Systems debugging and testing Systems infrastructure and architecture design and support Customer and operations support functions Functional and business process improvement Systems configuration management UI/UX support Systems documentation Functional systems expertise support Systems accounting support User acceptance testing Security certification and accreditation testing Alternatives analysis Detailed design and development

SSN# 2032H326N00011 Page 11 of 11

Implementation planning and system documentation Data conversion activities System security administration System internal control and audit support Data management Automation activities (e.g. RPA and AI) System transition support

4.6 Task Requirement 6: Transition Support Services

The Contractor shall provide services to support program transitions related to the Department’s and/or component’s purview. The Contractor shall exercise due diligence in research, discovery, planning, executing, monitoring and controlling, and closing of all activities and items associated with streamlining the transition of the programs.

The Contractor shall have personnel with specialized experience in transition planning and executing, as well as impact analysis as it pertains to the transition of major entities or program(s). The contractor shall also document and develop a repository of information on the overall transition of the major entities or program(s).