Department of Education
Acting Chief Financial Officer
Mr. Tim F. Soltis was delegated the authority to perform the functions and duties of the Chief Financial Officer (CFO) in May 2016. In this role, he leads the Department’s accurate and timely accounting for financial information about ED and its programs, which total over $1.2 trillion in assets and almost $70 billion in budget authority. Mr. Soltis oversees the preparation of the Department’s Annual Financial Report (AFR) and supports its annual audit. He also oversees ED’s financial management operations, contracts and acquisition programs, financial management IT investments, indirect cost management, external audit tracking and resolution, and the internal control program. Mr. Soltis actively participates in cross agency initiatives designed to strengthen financial management including initiatives related to shared services, enterprise risk management and internal controls, data analytics, and improving the competencies of the FM workforce.
Prior to joining the Department in March 2013 as Deputy CFO, Mr. Soltis served in the Senior Intelligence Executive Service from 2006 through 2013 in various positions related to strategic planning, budget, accounting, financial reporting, and audit. From 2000 to 2006, he was the Director for financial reporting and audit readiness at the Defense Logistics Agency. Mr. Soltis also held audit staff and management positions in the Director of National Intelligence and Department of Defense Inspector’s General offices and in the U.S. Army Audit Agency, which included overseas assignments in Germany and Korea. Mr. Soltis has more than 30 years of experience solving complex business and financial management problems, driving large scale change management initiatives, and managing large financial management operations. He also has extensive experience in advising senior leadership on matters related to mission support functions including: strategic planning, budget, accounting, performance management, human capital, business process re-engineering and migration of legacy systems to ERPs, risk management and controls, and audit.
A Cleveland native, Mr. Soltis earned his Bachelor of Science degree in Accounting from Case Western Reserve University (cum laude), and he has completed executive leadership programs at Harvard and the Federal Executive Institute. He is a Certified Public Accountant (CPA) and Certified Information Systems Auditor (CISA). Mr. Soltis has received multiple awards and other recognition for his distinguished federal service.