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Bureau of the Fiscal Service
Department of the Treasury
Phillip Bonincontri was appointed the Comptroller for the U.S. Department of the Treasury’s Bureau of the Fiscal Service (Fiscal Service) on November 2, 2015. Phillip concurrently serves as the Director of the Financial Management Division which includes budgetary formulation and execution, internal controls and audit coordination, financial statement oversight and enterprise strategic and tactical planning functions all in support of the bureau mission.
In his role as the Comptroller, Phillip provided leadership, policy direction and guidance in the planning and execution of a $2.3 billion mandatory and discretionary budget, created the bureau’s 2018 – 2022 Strategic Plan, implemented a new Enterprise Planning and Performance methodology tying goals and objectives to measurable performance indicators, financial oversight of the Treasury Consolidated Financial Statement and Annual Financial Report and implemented a new internal control framework that incorporated enterprise risk management and audit coordination.
The bureau issues over one billion in federal payments worth $3.4 trillion in federal payments; collects nearly $4.1 trillion in federal revenues each year; and collects more than $7.6 billion in delinquent debts. The Fiscal Service is responsible for the issuance of more than $8.6 trillion in marketable securities to finance the public debt. The bureau manages a daily cash flow of more than $103.2 billion and accounts for the federal government’s debt of more than $19.8 trillion. The Fiscal Service produces the Daily and Monthly Treasury Statements, the Monthly Statement of the Public Debt, and the Financial Report of the United States Government.
Prior to his appointment as Comptroller, Phillip served as the Execution Chief within the Joint Chiefs of Staff, Comptroller Office at the Pentagon from December 2012 – November 2012 where he was instrumental in providing direct support to the Chairman of the Joint Chiefs of Staff in the execution of over a billion dollar multi-fund budget. From June 1998 – May 2012, Phillip was a Marine Corps Financial Management Officer, holding various assignments from the Deputy Accounting Officer to supporting the Assistant Secretary of the Navy, Financial Management and Comptroller as part of a 20 year career in the Marine Corps.
A native of Maryland, Phillip is a retired Marine Officer and graduate of Park University with a BS in Computer Science and a master’s degree in Business Administration from the University of Maryland University College.