What is the Office of the Assistant Secretary for Financial Resources (ASFR)?
The Office of the Assistant Secretary for Financial Resources (ASFR) is a key division within the United States Department of Health and Human Services (HHS). The ASFR is responsible for providing leadership in financial management, budget formulation, and grants management across the department. Its mission is to ensure that HHS effectively manages its financial resources to support its programs and initiatives aimed at improving the health and well-being of the American public.
Objectives and Functions of ASFR
ASFR focuses on several critical areas, including:
- Budget Formulation and Execution: Developing and overseeing the department’s budget to ensure that financial resources are allocated efficiently and align with strategic priorities.
- Financial Management: Implementing robust financial policies and practices to ensure accountability and transparency in the use of federal funds.
- Grants Management: Overseeing the distribution and management of grants to ensure compliance with federal regulations and effective use of funds.
- Financial Reporting: Providing accurate and timely financial reports to support decision-making and ensure compliance with federal requirements.
- Policy Development: Advising on financial policies and strategies to enhance the department’s financial management capabilities.
How ASFR Operates
ASFR operates by coordinating with various HHS divisions and offices to implement financial policies and procedures. It plays a crucial role in the budget process, from formulation to execution, ensuring that funds are used effectively to achieve the department’s goals. ASFR also collaborates with other federal agencies and stakeholders to promote best practices in financial management and grants administration.
Impact of ASFR
The work of ASFR is vital for maintaining the financial integrity of HHS. By providing strong financial oversight and management, ASFR ensures that the department can effectively deliver its health and human services programs. Its efforts in improving financial processes contribute to the efficient use of taxpayer dollars and support the overall mission of HHS.
