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Letter in Support of Valerie Holt, Chief Financial Officer
Alice Rivlin, Chair, DC Financial Responsibility and Management Assistance Authority
March 1, 2000




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Letter from Councilmembers Response by Mayor Tony Williams

District of Columbia Financial Responsibility and Management Assistance Authority
Washington, D.C.

March 1, 2000

The Honorable Jack Evans
Chairman, Committee on Finance and Revenue
Council of the District of Columbia
441 Fourth Street N.W., Suite 703
Washington, D.C. 20001

Dear Chairman Evans:

I have received the letter of February 29, 2000, from you and your colleagues.

The Authority takes your concerns seriously and will address them in due course in the same serious and deliberative spirit in which they were presented to us.

We think that there must be no rush to judgment on the concerns you raise. Furthermore, it is critically important that nothing be allowed to interfere with, or distract from, the successful completion of the pending CAFR and the submission of the Mayor's budget to the Council. The District's standing in the financial markets, the Congress and the public is intertwined with the completion of the CAFR and the submission of the budget. We believe that the Chief Financial Officer must be given the support necessary to conclude the CAFR process and the submission of the budget as promptly as possible. She has our support in those endeavors. We expect the CAFR to be issued this month and the Mayor's budget to be submitted shortly.

We will then have the opportunity, in a calm and deliberate atmosphere, to assess the performance of the Office of the Chief Financial Officer and decide on any changes that need to be made in leadership, staffing, or technology. For example, we plan to study the operation of the SOAR system and consider improvements in it, as well as other matters raised in your letter.

Sincerely yours,
Alice M. Rivlin

One Thomas Circle, N.W. Suite 900 Washington, D.C. 20005 (202) 504-3400

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