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Health Financial Systems ANN & ROBERT H. LURE CHILDREN HOS In Lieu of Form CMS255210 This report is required by law (42 USC 1395g; 42 CFR 413.20(b)). Failure to report can result in all interim FORM
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The HHS Chief Financial Officers (CFO) Act refers to legislation that aims to improve the financial management practices across the Department of Health and Human Services (HHS) and its agencies, ensuring accurate financial reporting, accountability, and the efficient use of resources.
Federal agencies under the Department of Health and Human Services, specifically those with significant financial management responsibilities, are required to file HHS Chief Financial Officers-related reports.
To fill out the HHS Chief Financial Officers reports, organizations must use the prescribed forms provided by HHS, ensure all financial data is accurately reported, and follow the guidelines for disclosure and reporting outlined in the CFO Act.
The purpose of the HHS Chief Financial Officers Act is to enhance the financial management of federal agencies, ensure the accountability of financial resources, and improve the accuracy of financial reporting.
Agencies must report on financial statements, budgetary resources, liabilities, assets, net costs, and other key financial data as outlined by the guidelines of the HHS CFO Act.
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