The Office of Financial Management (OFM)

The Office of Financial Management (OFM) provides central accounting and reporting for all financial transactions that originate from the 27 Institutes and Centers (ICs). OFM also provides overall direction and leadership to the ICs by establishing financial management policies and procedures and by providing oversight of the NIH Core Financial Management Systems.

OFM is the focal point for audits, travel policy, central services funds management, and the general ledger. Our Mission Statement is to serve as an essential partner providing effective and efficient accounting and financial management services to support the NIH’s scientific and biomedical research communities. Our Vision Statement is to be a world class team providing the highest quality financial management services, guidance, and leadership to the NIH community with professional expertise and integrity.

The Office of Financial Management performs the following services:

1. Advises the NIH Director and staff and provides leadership and direction for financial management activities;
2. Develops policies and instructions for central services budget preparation and presentation;
3. Administers allocation of funds and manages a system of fund and budgetary controls;
4. Provides an NIH manpower resource control system designed to allocate resources;
5. Provides, develops, and maintains an NIH Management Account Structure;
   
6. Directs planning and implementation of NIH fiscal systems and procedures and provides accounting services to all NIH components; and
7. Participates in the development of policies and procedures pertaining to grants and contracts.