115 STAT. 1208 PUBLIC LAW 107-107—DEC. 28, 2001 "(c) MANAGEMENT PLAN FOR IMPLEMENTATION OF FINANCIAL DATA FEEDER SYSTEMS COMPLIANCE PROCESS. —The management plan developed under subsection (b)(2) shall include among its principal elements at least the following elements: Records. "(1) A requirement for the establishment and maintenance of a complete inventory of all budgetary, accounting, finance, and data feeder systems that support the transformed business processes of the Department and produce financial statements. "(2) A phased process (consisting of the successive phases of Awareness, Evaluation, Renovation, Validation, and Compliance) for improving systems referred to in paragraph (1) that provides for mapping financial data flow from the cognizant Department business function source (as part of the overall business process transformation strategy of the Department) to Department financial statements. Reports. "(3) Periodic submittal to the Secretary of Defense, the Deputy Secretary of Defense, and the Senior Executive Council (or any combination thereof) of reports on the progress being made in achieving financial management transformation goals and milestones included in the annual financial management improvement plan in 2002. "(4) Documentation of the completion of each phase specified in paragraph (2) of improvements made to each accounting, finance, and data feeder system of the Department. "(5) Independent audit by the Inspector General of the Department, the audit agencies of the military departments, and private sector firms contracted to conduct validation audits (or any combination thereof) at the validation phase for each accounting, finance, and data feeder system. "(d) DATA FEEDER SYSTEMS. —In this section, the term 'data feeder system' has the meaning given that term in section 2222(c)(2) of this title.". (2) The table of sections at the beginning of such chapter is amended by adding at the end the following new item: "185. Financial Management Modernization Executive Committee.". (b) ANNUAL FINANCIAL MANAGEMENT IMPROVEMENT PLAN.— (1) Subsection (a) of section 2222 of title 10, United States Code, is amended— (A) by striking "BIENNIAL" in the subsection heading and inserting "ANNUAL"; (B) by striking "a biennial" in the first sentence and inserting "an annual"; and (C) by striking "even-numbered" in the second sentence. (2) Subsection (c) of such section is amended— (A) by redesignating paragraph (2) as paragraph (3); and (B) by inserting after paragraph (1) the following new paragraph (2): "(2) In each such plan, the Secretary shall include the following: "(A) A description of the actions to be taken in the fiscal year beginning in the year in which the plan is submitted to implement the annual performance goals, and the performance milestones, included in the financial management improvement plan submitted in 2002 pursuant to paragraphs (1) and (2), respectively, of section 1009(c) of the National Defense Authorization Act for Fiscal Year 2002.
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