Financial management (71 - 80 of 554 items)
Federal Capital: Three Entities' Implementation of Capital Planning Principles Is Mixed
GAO-07-274: Published: Feb 23, 2007. Publicly Released: Mar 26, 2007.
In fiscal year 2005, the federal government spent nearly $117 billion on capital investments intended to yield long-term benefits for its operations. Effective capital planning ensures that the sizable investments made by federal agencies result in the most efficient return to taxpayers. Accordingly, GAO evaluated (1) how well selected entities followed the planning phase principles of GAO's Execu...
Stabilizing Iraq: Preliminary Observations on Budget and Management Challenges of Iraq's Security Ministries
GAO-07-637T: Published: Mar 22, 2007. Publicly Released: Mar 22, 2007.
In November 2005, the President issued the National Strategy for Victory in Iraq. According to the strategy, victory will be achieved when Iraq is peaceful, united, stable, secure, well integrated into the international community, and a full partner in the global war on terror. To help Iraq achieve this, the U.S. is, among other efforts, helping strengthen the capabilities of the Iraq Ministries o...
Fiscal Stewardship: A Critical Challenge Facing Our Nation
GAO-07-362SP: Published: Jan 31, 2007. Publicly Released: Jan 31, 2007.
The U.S. government is the largest, most diverse, most complex, and arguably the most important entity on earth today. The United States is also a great nation. It has much to be proud of and much to be thankful for. However, our nation is not well positioned to meet the challenges and capitalize on the opportunities of the 21st Century. We are also failing to properly discharge one of our biggest...
Long-Term Budget Outlook: Deficits Matter--Saving Our Future Requires Tough Choices Today
GAO-07-389T: Published: Jan 23, 2007. Publicly Released: Jan 23, 2007.
The Comptroller General testified before Congress for a hearing entitled "Why Deficits Matter." The presentation touched on several points. First, the current financial condition in the United States is worse than is widely understood. Second, the current fiscal path is both imprudent and unsustainable. Third, improvements in information and processes are needed and can help. And finally, meeting...
Debt Management: Backup Funding Options Would Enhance Treasury's Resilience to a Financial Market Disruption
GAO-06-1007: Published: Sep 26, 2006. Publicly Released: Sep 26, 2006.
The September 11, 2001, attacks significantly affected the financial markets that the U.S. Treasury (Treasury) relies on. To understand how Treasury could obtain funds during a future potential wide-scale financial market disruption GAO examined (1) steps Treasury and others took during the September 11 attacks and after to assure required debt obligations and payments were made on time and ensure...
Defense Travel System: Reported Savings Questionable and Implementation Challenges Remain
GAO-06-980: Published: Sep 26, 2006. Publicly Released: Sep 26, 2006.
In 1995, the Department of Defense (DOD) began an effort to implement a standard departmentwide travel system. The Defense Travel System (DTS) is envisioned as DOD's standard end-to-end travel system. This report is a follow-up to GAO's January 2006, report which highlighted DTS implementation problems. Because of continued congressional interest in DTS, GAO initiated this follow-up audit under th...
Tobacco Settlement: States' Allocations of Fiscal Year 2005 and Expected Fiscal Year 2006 Payments
GAO-06-502: Published: Apr 11, 2006. Publicly Released: Apr 11, 2006.
In the 1990's, states sued major tobacco companies to obtain reimbursement for health impairments caused by the public's use of tobacco. In 1998, four of the nation's largest tobacco companies signed a Master Settlement Agreement (MSA) to make annual payments to 46 states in perpetuity as reimbursement for past tobacco-related health care costs. Some states have arranged to receive advance proceed...
U.S. Securities and Exchange Commission: Building Project Management and Related Budget Planning
GAO-06-61R: Published: Oct 20, 2005. Publicly Released: Oct 20, 2005.
Congress asked us to provide a briefing on the facilities management and budgeting issues of the U.S. Securities and Exchange Commission (SEC) that SEC disclosed to Congress in May 2005, which resulted in SEC's requesting a reprogramming of approximately $48 million of 2005 and 2006 funds. The reprogramming was requested to cover unbudgeted costs related to the construction of new facilities in Wa...
Global War on Terrorism: DOD Should Consider All Funds Requested for the War When Determining Needs and Covering Expenses
GAO-05-767: Published: Sep 28, 2005. Publicly Released: Sep 28, 2005.
To assist the Congress in its oversight role, GAO is undertaking a series of reviews on the costs of operations in support of the Global War on Terrorism (GWOT). In related work, GAO is raising concerns about the reliability of the Department of Defense's (DOD) reported cost data and therefore is unable to ensure that DOD's reported obligations for GWOT are complete, reliable, and accurate. In thi...
Global War on Terrorism: DOD Needs to Improve the Reliability of Cost Data and Provide Additional Guidance to Control Costs
GAO-05-882: Published: Sep 21, 2005. Publicly Released: Sep 21, 2005.
Since the attacks of September 11, 2001, the Department of Defense (DOD) has reported spending $191 billion through May 2005 to conduct the Global War on Terrorism (GWOT). On an ongoing basis, DOD compiles and reports information on the incremental costs of the war, and uses these data in preparing future funding requests. To assist Congress in its oversight of war spending, GAO assessed (1) wheth...