Office of Fiscal Service of Fiscal Operations and Policy are: The Office of Accounting Policy, led by the Deputy Assistant Secretary for Accounting Policy, oversees the government wide accounting by providing guidance to the Financial Management Service, the prepares of the Financial Report of the United States Government, in conjunction with Office of Management and Budget (OMB) and the United States Chief Financial Officer Council. The Office promotes and facilitates efforts to develop and include more useful, reliable and timely financial information in the Financial Report. Office of Fiscal Service The Office of Fiscal Service (OFS) is an agency of the United States federal
Fiscal sponsorship reporting and liability issues. In addition, the sponsor does not necessarily maintain ownership of any part of the results of the project’s work. Ownership rights should be addressed in the fiscal sponsor agreement, and could potentially result in some type of joint ownership. The sponsor simply assures itself that the project will use the grant funds received to accomplish the ends described in the grant proposal. Fiscal sponsorship Fiscal sponsorship refers to the practice of non-profit organizations offering their legal and tax-exempt status to groups—typically projects—engaged in activities related to the sponsoring organization's mission. It typically involves a fee-based contractual