OMB controller Springer to leave

OMB controller Springer to leave

Office of Management and Budget controller Linda Springer announced today that she is leaving government, administration officials confirmed.

No information is available about when Springer's last day will be or where she is going, one official said.

Springer has been with OMB since September 2002 and controller of the Office of Federal Financial Management since March 2003.

During her tenure, she led the improved financial performance effort under the President's Management Agenda, pushed agencies to close their year-end books in 45 days, led the Lines of Business financial management and grants management consolidation initiatives, and began updating OMB Circular 123 for the first time in nine years.

According to OMB's latest report, 22 agencies closed their fiscal 2004 ledgers in 45 days, a 70 percent reduction in time since 2001, and five agencies earned green scores on the PMA scorecard for improved financial performance.

Springer also created OMB's asset management program, which was added to the President's Management Agenda last summer, to better control more than $500 billion in federal agency property and inventory.

Before coming to OMB, Springer spent 25 years in the financial services industry with companies such as Provident Mutual, Penn Mutual Life Insurance Company, and Coopers and Lybrand.

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