Session #6: Keynote

OMB: Priorities and Key Updates

10:35 – 11:25 a.m.   
CPE Field of Study: Finance

This session will cover major areas of focus for the U.S. Office of Management and Budget that relate to the grants community including:

  • The President’s Management Agenda
  • Cross Agency Priority Goal “Results-oriented Accountability for Grants” 
  • Key updates to the Uniform Guidance
  • COVID-19 response
  • Other areas of interest including re-assessing single audits to add value to the grants oversight process
Patrick Corrigan, CPA, CFA, CFP, is a senior advisor at the U.S. Office of Management and Budget focusing on the Office of Federal Financial Management.

Prior to joining OMB, Patrick worked for over 25 years at large international investment banks (i.e., Bankers Trust, Deutsche Bank and Barclays Investment Bank) in a variety of roles within operations, trading and risk. Most recently, he was the chief operating officer/business manager for the US Rates business at Barclays Investment Bank.

Prior to his investment banking experience, Patrick was an auditor with Ernst & Young, where he audited the New York City Housing Authority and a variety of financial services companies.

Patrick is a graduate of the Isenberg School of Management at the University of Massachusetts, Amherst where he was the president of Beta Alpha Psi (honor society for accounting, finance and information systems students). He is a member of the American Institute of Certified Public Accountants.   

Tim Soltis, CPA, CISA, is the deputy controller in Office of Federal Financial Management. In that role, he serves as a senior member of the U.S. Office of Management and Budget's management team supporting the President's Management Agenda across multiple Cross Agency Priority goals and in providing policy to the federal financial management and financial assistance communities to support their mission, service, and stewardship responsibilities. He also provides leadership to OMB's statutory Office of Federal Financial Management across a diverse financial management portfolio and on major initiatives.

Tim came from the Department of Education where he served as acting chief financial officer and chief acquisition officer from May 2016 to January 2018 and as deputy CFO from March 2013 to June 2018. In those roles, Tim led multiple financial and acquisition management programs and activities for the Department of Education, to include accounting for a loan portfolio of over $1.2 trillion in assets and almost $70 billion in budget authority. He also oversaw Education’s production of the agency financial reports, IT investments in business systems, indirect cost rate negotiations, contracting activities, audit resolution, and the internal control programs. Tim played a key role supporting Administration management priorities, including Cross Agency Priority goals related to grants, shared services, and improper payments.

A Cleveland, Ohio native, Tim earned his bachelor of science degree in accounting from Case Western Reserve University, and he has completed executive leadership programs at Harvard and the Federal Executive Institute.


The NASACT Community

NASACT serves as the premier organization working to bring together state auditors, state comptrollers and state treasurers to cooperatively address government financial management issues. NASACT also manages two secretariats - the National State Auditors Association (NSAA) and the National Association of State Comptrollers (NASC). Both NSAA and NASC are included under the umbrella of NASACT’s budget and utilize staff hired by NASACT.