What does a CFO typically manage in a government sector?

The role of a Chief Financial Officer (CFO) in the government sector primarily revolves around financial planning and accounting. This position is crucial because the CFO is responsible for overseeing the financial operations of the governmental unit, ensuring that there is sound financial management and reporting. Key responsibilities include budget preparation, financial forecasting, allocation of resources, and maintaining accurate financial records.

A CFO also plays a vital role in compliance with laws and regulations related to financial reporting and accountability, which is essential in the public sector due to the scrutiny over the use of taxpayer funds. By managing these financial aspects, the CFO ensures transparency and accountability within the government organization, which helps build public trust and supports effective service delivery.

While human resources, technology systems, and policy compliance are significant aspects of government management, they typically fall under different departments or functions within a governmental entity. Therefore, the financial planning and accounting focus is where a CFO's expertise is primarily utilized in the public sector.