ACTIVITY REPORT - OFFICE OF FINANCE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP84-00463R000100040005-6
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: December 12, 2016
• Document Release Date: May 6, 2002
• Sequence Number: 5
• Publication Date: November 29, 1974
• Content Type: MF

Approved For RelQpse 200 CIA-RDP84-00463RD 0 --00040005-6
2 9 NOV 1974
MEMORANDUM FOR: Deputy Director for Administration
SUBJECT Activity Report - Office of Finance
1. The following is a summary of certain significant
activities of the Office of Finance for the week ended
29 November 1974:
a. Tropical Allowance. POSSIBLE KEY ITEM.
Payments are being made to settle t e tropical dif-
ferential entitlements for female ntract employees
formerly assigned in Six eligible
cases have been identified to date. These payments
were tri ere by it filed in the Court of Claims
by which is being settled out of
co U1 L. .
b. Fair Labor Standards Act (FLSA). We are
currently reviewing the feast ility and relative costs
of procedures for computing and making payment for
FLSA entitlements for the retroactive period from the
1 May effective date to the time the payroll system is
revised to compute FLSA (estimated for summer or fall
of 1975). A sample of overtime entitlements for
employees eligible for FLSA indicates that approxi-
mately 400 employees would be due additional monies
for FLSA for a pay period without a holiday. The
sample indicates that over half of these employees
would receive less than $10.00 per biweekly period;
however, approximately 40 employees would receive
$40.00 or more per biweekly pay period. We are in the
process of estimating the annual cost of FLSA to
assess the budgetary impact as a basis for early dis-
cussion with the Comptroller.
C. Key Building Data Access Center (DAC). Key
DAC operating improvements are providing more timely
reporting of payroll computer reports. During the past
25X1
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SUBJECT: Activity Report - Office of Finance
month the 0730 opening of the Key DAC has been formally
approved. This earlier opening better enables Compensa-
tion and Tax Division to review various payroll exception
messages for corrective action. The remote job terminal
printer speed has been increased from approximately 400
to 500 lines per minute. Additional usage of the Key DAC
for payroll operations is now being jointly reviewed by
OJCS and OF.
d. OJCS Monthly Meeting. OF and OJCS representatives
held their regular monthly meeting to discuss the status of
current projects. The completed General Accounting System
project proposal was made available to us for customer re-
view and acceptance. Copies of the proposal are being
made available to the senior Finance Officer in each of the
Directorates for review and comment. The proposal provides
for the commencement of parallel operations with the present
system on 1 July 1975, with final implementation scheduled
for 1 September 1975.
g. TDY.
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SUBJECT: Activity Report - Office of Finance
2. Significant activities for the next week include the
following:
a. Mid-Career Course. Mr. Yale will address the
Mid-Career group on activities of the Office of Finance.
b. General Accounting System (GAS). We will meet
with the senior Finance Officers of each of the Directorates
to brief them on the GAS project proposal and to elicit
their comments and endorsement for formal acceptance by the
Director of Finance.
Thomas Yale
Director of Finance
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