The Bureau of Fiscal Operations is organized into three divisions:
Accounting and Budget Division
This division is supervised by John Walter and consists of the following sections:
Accounting: Responsible for the agency's financial accounting and cost accounting programs including design, review, and implementation of automated accounting and financial management systems; providing advisory services to operating officials, both within and outside the agency; and furnishing financial statements, reports, and other financial data on all aspects of the RRB's accounting operations.
Budget: Responsible for developing the RRB's annual budget requests to the Office of Management and Budget (OMB), and providing supporting information needed for OMB and Congressional review. Responsible for budget execution, including apportionment of funds for the RRB accounts, allocation of administrative funding for the bureau/office administrative budgets and coordination with OMB for reporting purposes.
Treasury, Debt Recovery and Financial Systems Division
This division's supervisory position is currently vacant and consists of the following sections:
Treasury: Performs accounts payable, payroll, travel, relocations, and railroad unemployment insurance contributions collection actions.
Debt Recovery: Responsible for managing the agency's accounts receivable program in an effective, efficient manner. Ensures that all recovered funds are deposited and posted accurately and timely; delinquent receivables are referred to appropriate collection programs; waiver requests are adjudicated timely and uniformly; and, uncollectible debt is written-off.
Financial Systems: Designs, establishes, and maintains a single agency-wide, integrated financial management system. Develops and maintains a plan for operating an integrated financial management system in accordance with applicable directives.
Audit Affairs and Compliance
This division is supervised by Jeffrey Baer and consists of the following sections:
Financial Management: Plans and develops systems of internal controls in accordance with OMB Circular No. A-123 and other requirements. Establishes and maintains a quality assurance program with these objectives: a) improve the quality, accuracy, and timeliness of financial services and reports, b) improve financial methods and procedures, c) preclude loss or misuse of resources, and d) ensure accounting and budget systems provide timely and accurate managerial information in accordance with prescribed accounting and budget principles and standards.
Audit and Compliance: Conducts external audits of railroad employers to determine whether they are properly reporting creditable service and compensation in an accurate and timely manner. The audits involve a review of the employer's payroll and tax records. Performs coverage investigations and terminations of prospective employers and employees to gather the necessary information to determine whether they should be covered under the Railroad Retirement Act (RRA) and the Railroad Unemployment Insurance Act (RUIA).