Financial management (41 - 50 of 897 items)
2020 Census: Additional Steps Are Needed to Build on Early Planning
GAO-12-626: Published: May 17, 2012. Publicly Released: May 17, 2012.
The Census Bureaus (Bureau) early planning and preparation efforts for the 2020 Census are consistent with most leading practices in each of the three management areas GAO reviewed. For example, with respect to its effort to transform its decennial organization, top Bureau leadership has been driving the transformation, and the agency has focused on a key set of principles as it begins to ro...
Grants Management: Action Needed to Improve the Timeliness of Grant Closeouts by Federal Agencies
GAO-12-360: Published: Apr 16, 2012. Publicly Released: May 17, 2012.
At the end of fiscal year 2011, GAO identified more than $794 million in funding remaining in expired grant accountsaccounts that were more than 3 months past the grant end date and had no activity for 9 months or morein the Payment Management System (PMS). GAO found that undisbursed balances remained in some grant accounts several years past their expiration date: $110.9 million in un...
Management Report: Opportunities for Improvement in the Federal Housing Finance Agency's Internal Controls
GAO-12-499R: Published: May 16, 2012. Publicly Released: May 16, 2012.
During our audit of FHFAs fiscal years 2011 and 2010 financial statements, we identified one internal control issue and a continuing issue related to information systems controls that could adversely affect FHFAs ability to meet its internal control objectives. We do not consider these issues to represent material weaknesses or significant deficiencies in relation to FHFAs financ...
Patent and Trademark Office: New User Fee Design Presents Opportunities to Build on Transparency and Communication Success
GAO-12-514R: Published: Apr 25, 2012. Publicly Released: Apr 25, 2012.
To successfully manage AIA implementation, USPTO must consider a number of trade-offs as it sets and uses its over 340 fees, as well as maintain an effective fee review process. USPTO officials have stated that the agencys limited fee-setting authority prior to the AIA and uncertainty about the extent to which its collections would be available contributed to a number of the agencys op...
Management Report: Improvements Needed in SEC's Internal Controls and Accounting Procedures
GAO-12-424R: Published: Apr 13, 2012. Publicly Released: Apr 13, 2012.
In our audit of SECs fiscal years 2011 and 2010 financial statements, we identified four significant deficiencies in internal control as of September 30, 2011. These significant internal control deficiencies represent continuing deficiencies concerning controls over (1) information systems, (2) financial reporting and accounting processes, (3) budgetary resources, and (4) registrant deposits...
Background Investigations: Office of Personnel Management Needs to Improve Transparency of Its Pricing and Seek Cost Savings
GAO-12-197: Published: Feb 28, 2012. Publicly Released: Mar 28, 2012.
OPMs reported costs to conduct background investigations increased by almost 79 percent, from about $602 million in fiscal year 2005 to almost $1.1 billion in fiscal ear 2011 (in fiscal year 2011 dollars). However, the extent to which OPMs cost data are reliable is unknown because an audit of OPMs revolving fund, which finances business-type operations, has not been conducted. In...
Fiscal Year 2013 Performance Plan
GAO-12-463SP: Published: Mar 1, 2012. Publicly Released: Mar 28, 2012.
This report presents the Government Accountability Office's (GAO) Performance Plan for Fiscal Year 2013. In the spirit of the Government Performance and Results Act, this annual plan informs the Congress and the American people about what we expect to accomplish on their behalf in the coming fiscal year. It sets forth our plan to make progress toward achieving our strategic goals for serving the...
Federal Statistical System: Agencies Can Make Greater Use of Existing Data, but Continued Progress Is Needed on Access and Quality Issues
GAO-12-54: Published: Feb 24, 2012. Publicly Released: Mar 26, 2012.
The Office of Management and Budget (OMB), agencies, and interagency statistical committees have distinct roles in identifying opportunities to improve federal information collection efforts. OMB exercises several authorities that promote the system’s efficiency, including overseeing and approving agency information collections. The website Reginfo.gov provides the public with information, such...
Decennial Census: Additional Actions Could Improve the Census Bureau's Ability to Control Costs for the 2020 Census
GAO-12-80: Published: Jan 24, 2012. Publicly Released: Feb 23, 2012.
The average cost to count each housing unit rose from $70 in 2000 to $97 in 2010 (in constant 2010 dollars). While the U.S. Census Bureau (Bureau) made changes to its budget structure from 2000 to 2010, they did not document the changes that would facilitate comparisons over time and cannot identify specific drivers of this cost growth. According to GAOs Cost Estimating and Assessment Guide,...
U.S. Coins: Alternative Scenarios Suggest Different Benefits and Losses from Replacing the $1 Note with a $1 Coin
GAO-12-307: Published: Feb 15, 2012. Publicly Released: Feb 15, 2012.
According to GAOs updated analysis, replacing the $1 note with a $1 coin would provide a net benefit to the government of approximately $4.4 billion over 30 years, or an average of about $146 million per year. The overall net benefit was due solely to increased seigniorage and not to reduced production costs. This estimate differs from GAOs 2011 estimate because it considers recent eff...