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Welcome - Financial Management Services, Inc.
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Michael Smokovich CGFM
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E X P E R I E N C E     S U M M A R Y

Mr. Smokovich is a Senior Federal Financial Manager with experience managing highly decentralized financial operations domestically and overseas.  Diverse experience in leading interagency, Federal and State government reform efforts in grants, cash collection systems, credit and payment systems modernization.  Experience as the manager and COO of appropriated and reimbursable program budgets including a franchise fund.

Sr. Vice President for Social Service Agency Support
Delta Solutions and Technologies, Inc. - 05/04 - Present

Mr. Smokovich joined Delta Solutions & Technologies, Inc. in a senior role within the organization responsible for the management and direction of Delta’s customer support engagements with large social service agencies.  In this capacity Mr. Smokovich works directly with the company President to plan for and allocate resources across the company to best meet the requirements and expectations of our customers.

  • Strategy development for the capture of the HUD Primary Operational Support contract

  • Business process development for the management of the HUD Secondary Operational Support contract

Senior Financial Management Consultant
Johns Hopkins University
- 06/02 – 05/04

Mr. Smokovich served as consultant to the Johns Hopkins University Controller for: bid evaluations on a joint University/ Health System ERP initiative; design of staffing patterns; hiring and reassignment of staff to support the requirements and implementation.

Chief Financial Officer
U.S. Agency for International Development -
02/99 – 06/02

§         Acquire and implement a modern accounting system for Agency’s headquarters for 1,000 users

§        Implement interfaces to subsidiary systems for thirty-eight remote accounting stations

§        Establish a working capital fund for interagency services

§         Outsource the payroll function and establish a thrift plan for contractor employees

§         Significantly upgrade the organization’s ability to implement systems; to comply with security requirements; and to respond to operational demands for timely reporting.

§         Improve audit management exceeding goals to close IG recommendations

§        Negotiate first complete audit of financial statements

§        Handle relations with appropriations and oversight committees

Executive Director
Center for Applied Financial Management

Department of Treasury - 01/98 – 02/99 

§         Manage a franchise fund with 70 professional staff providing time sharing for accounting systems, financial consulting services, operational support and training to federal agencies

§        Increase revenues and investments in software

Chief Operating Officer
Financial Management Service
Department of Treasury -
12/91 – 01/98  

§        Provide executive direction and oversight to an organization transitioning to integrated electronic operations serving 80 agencies with 400 endpoints

§         Provide accounting, disbursing, collection, and claims service to all government agencies with a workforce of 2,300; and, appropriated and reimbursable budget of $300 million.

§        Lead efforts to formulate and pass EFT and Debt Collection legislation

§        Establish government contractor-operated debt collection centers

§         Manage relationships with commercial banks and the Federal Reserve equivalent to $600-$750 million in appropriations for payment and collection services

Assistant Commissioner
Federal Finance
Department of Treasury -
01/89-12/91 

§         Deliver accounting, cash management, credit and debt collection service to Federal agencies and to state governments

§         Serve as the focal point for OMB/Treasury to establish Electronic Benefit Transfer programs for the Social Security Administration, Office of Personnel Management, and Veterans Affairs with debit cards

§        Co-chair a Federal and State Government taskforce that developed legislation and methods to improve funding for $150 billion in grant payments

§         Lead programs to modernize reporting systems for budget execution (OMB 133), cash concentration, and electronic reporting of tax collections for the Internal Revenue Service.

§        Lead OMB Federal Credit Policy work group efforts to standardize credit and debit collection processes while increasing funding from $10 to $20 million.

Director
Working Capital Group
Department of Treasury -
07/85-01/89

§         Manage a cash concentration system of 450 banks serving 1,200 agencies

§        Implement a lock box for the Internal Revenue Service to collect $50 billion by 1989

§         Detail to the Office of Management and Budget to transition cash management, credit, and prompt pay functions to Treasury

§         Develop write-off policy for bad debts in cooperation with the Office of Management and Budget and the General Accounting Office

§        Initiate the use of Visa/MasterCard credit cards to collect debt

§        Implement electronic office and imaging systems

Director
Accounting Group
Department of Treasury -
07/84-07/85 

§         Manage a line organization with 400 professional and technical staff

§        Establish controls over backlogs in cash disbursing, collection, and 600 million check issue reconciliation across government agencies that had been as much as ten years stale

§        Implement on-line investing process for federal agencies and access to the Department of Treasury’s regulations through private networks

E D U C A T I O N     &    C E R T I F I C A T I O N S

Bachelor’s degree in Accounting, Duquesne University

Master’s degree in Financial Management, George Washington University

Member of the Chief Financial Officer’s Council (CFO);
CFO Council Liaison to the PCIE audit community;
Association of Government Accountants;
Speaker at AGA, EFTA, NASACT, HSFO, NACHA, AABPA, USDA Graduate School; Department of Defense’s Credit Union Controllers; ICGFM