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X P E R I E N C E S U M M A R Y
Gerald Murphy has been a Financial
Management Consultant since February 2000. He joined Keane
Public Enterprise Consulting as a Senior Principal in October
1998 after a forty-two year career with the Federal government
including military service with the U.S. Army, civilian
service with the U.S. Navy and 39 years with the U.S. Treasury
Department. In January of 1986, Mr. Murphy was appointed
Fiscal Assistant Secretary, the highest-ranking career
position in the department, and served in that position until
his retirement in September 1998. As Fiscal Assistant
Secretary, Mr.Murphy oversaw the Department's management of
the U.S. Government's financial operations. These include
managing the Government's cash balance and its $5 trillion
public debt, governmentwide central accounting and financial
reporting, directing the performance of the fiscal agency
functions of the Federal Reserve Banks, and investment of the
multi-billion dollar trust funds of the U.S. Government. He
provided general supervision and policy oversight to two
Treasury bureaus -- the Financial Management Service and the
Bureau of the Public Debt (approximately 4000 employees/$400
million annual budget).
He worked
closely with other central agency officials in the Office of
Management and Budget and the U.S. General Accounting Office
as well as Chief Financial Officers in the program agencies.
He represented Treasury on (1) the Joint Financial Management
Improvement Program (JFMIP) for 30 years, (2) the Chief
Financial Officers Council for 8 years and (3) the Federal
Accounting Standards Advisory Board (FASAB) for 8 years. He
was also involved in the accounting standard setting process
for State and local governments serving on the National
Council on Governmental Accounting (NCGA) from 1978 to 1984
and the Government Accounting Standards Advisory Council (GASAC)
from 1984 to 1989. Mr. Murphy also represented Treasury on
the Federal Credit Policy Working Group, the Electronic
Benefit Transfer (EBT) Task Force, Trust Fund Boards for the
Library of Congress, the National Archives and the National
Gallery of Art and served as Vice President and Treasurer of
the Federal Financing Bank. He also represented Treasury on
the Consolidated Financial Statement Task Force and issued the
first ever, audited financial statement for the U.S.
Government in March 1998.
Mr. Murphy
is a Certified Public Accountant (CPA) and a certified
Government Financial Manager (CGFM). He is a member of the
American Institute of Certified Public Accountants (AICPA),
the Senior Executives Association (SEA), the Federal Executive
Institute Alumni Association (FEIAA) and the International
Consortium on Government Financial Management. He has been
active in the Association of Government Accountants (AGA) for
the past 34 years serving as Chapter President, Regional Vice
President, National President and member of the National Board
of Directors for the last 25 years. He taught accounting and
budgeting courses at night for 11 years as an adjunct
professor at Southeastern University and at the U.S.
Department of Agriculture Graduate School.
Mr. Murphy
received a Bachelor's degree in Commercial Science (with
honors) in 1960 and a Master's degree in1963 from Benjamin
Franklin University. He has received numerous awards
including Treasury's Meritorious Service Award, the Benjamin
Franklin University's Distinguished Alumni Award, Treasury's
Honor Award, the Association of Government Accountants' Robert
W. King Memorial Award, the Treasury Gold Medal and a
Presidential Meritorious Rank Award.
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