Financial Management Support Services
Business Issue
The Department of Veterans Affairs needed to remediate the preparation of consolidated financial statements which had been listed as a material weakness in the annual Office of Inspector General (OIG) Report.
Solution
Delta Solutions was engaged by VA to implement a financial statement reporting solution to address the OIG finding. As a result, Delta Solutions designed, developed, implemented and currently maintains the Management Information Exchange System (MinX). MinX is the system used by VA to generate Office of Management and Budget (OMB) audited financial statements including the Balance Sheet, Statement of Net Cost, and Statement of Budgetary Resources. MinX is also used to generate the Statement of Changes in Net Position, supporting footnotes, SF-133, and the files that support FACTS I and FACTS II submissions to Treasury.
Outcome
The result was a successful implementation of a reporting system that not only addressed a material weakness, but also facilitates the production of quarterly financial statements and supporting footnotes, and processes supporting FACTS I and II submissions to Treasury.