Financial management (1 - 10 of 117 items)
Improper Payments: Strategy and Additional Actions Needed to Help Ensure Agencies Use the Do Not Pay Working System as Intended
GAO-17-15: Published: Oct 14, 2016. Publicly Released: Nov 14, 2016.
The Office of Management and Budget (OMB), in coordination with the Department of the Treasury (Treasury), developed the Do Not Pay (DNP) working system as a data matching service for agencies to use in preventing improper payments, but GAO found that the DNP working system offers either partial or no access to three of the six databases required by the Improper Payments Elimination and Recovery I...
Managing for Results: Agencies Need to Fully Identify and Report Major Management Challenges and Actions to Resolve them in their Agency Performance Plans
GAO-16-510: Published: Jun 15, 2016. Publicly Released: Jun 15, 2016.
The GPRA Modernization Act of 2010 (GPRAMA) requires agencies to describe their major management challenges and identify associated performance information in their agency performance plans (APP). GAO found, however, that 14 of 24 agencies reviewed did not describe their major management challenges in their APPs as required. This is, in part, because the Office of Management and Budget's (OMB) gui...
Revolving Funds: Additional Pricing and Performance Information for FAA and Treasury Funds Could Enhance Agency Decisions on Shared Services
GAO-16-477: Published: May 10, 2016. Publicly Released: May 10, 2016.
The Federal Aviation Administration (FAA) and the Department of the Treasury (Treasury) have policies and procedures for effectively managing the Administrative Services Franchise Fund (ASFF) and the Treasury Franchise Fund (TFF)—the two revolving funds that GAO reviewed.FAA and Treasury Management of the Selected FundsClear roles and responsibilities The roles and responsibilities for managing...
Financial Audit: U.S. Government's Fiscal Years 2012 and 2011 Consolidated Financial Statements
GAO-13-271R: Published: Jan 17, 2013. Publicly Released: Jan 17, 2013.
To operate as effectively and efficiently as possible and to make difficult decisions to address the federal governments fiscal challenges, Congress, the administration, and federal managers must have ready access to reliable and complete financial and performance informationboth for individual federal entities and for the federal government as a whole. Even though significant progress...
Intragovernmental Revolving Funds: Commerce Departmental and Census Working Capital Funds Should Better Reflect Key Operating Principles
GAO-12-56: Published: Nov 18, 2011. Publicly Released: Nov 18, 2011.
Agencies can improve their efficiency through the use of shared services, which are often financed through intragovernmental revolving funds (IRF). GAO was asked to (1) identify key operating principles the Commerce Departmental and Census Bureau Working Capital Funds (WCF), which are one type of IRF, should follow to ensure appropriate tracking and use of federal funds and (2) evaluate how depart...
Flood Insurance: Public Policy Goals Provide a Framework for Reform
GAO-11-670T: Published: Jun 23, 2011. Publicly Released: Jun 23, 2011.
The National Flood Insurance Program (NFIP) has been on GAO's high-risk list since 2006, when the program had to borrow from the U.S. Treasury to cover losses from the 2005 hurricanes. The outstanding debt is $17.8 billion as of June 2011. This sizeable debt, plus operational and management challenges that GAO has identified at the Federal Emergency Management Agency (FEMA), which administers NFIP...
Managing for Results: GPRA Modernization Act Implementation Provides Important Opportunities to Address Government Challenges
GAO-11-617T: Published: May 10, 2011. Publicly Released: May 10, 2011.
The federal government is the world's largest and most complex entity, with about $3.5 trillion in outlays in fiscal year 2010 that fund a broad array of programs and operations. GAO's long-term simulations of the federal budget show--absent policy change--growing deficits accumulating to an unsustainable increase in debt. While the spending side is driven by rising health care costs and demograph...
List of Selected Federal Programs That Have Similar or Overlapping Objectives, Provide Similar Services, or Are Fragmented Across Government Missions
GAO-11-474R: Published: Mar 18, 2011. Publicly Released: Mar 18, 2011.
This report supplements our March 1, 2011, report Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue--GAO's first annual report to Congress in response to a statutory requirement to identify federal programs, agencies, offices, and initiatives, either within departments or governmentwide, which have duplicative goals or activities. Section...
Department of Labor: Further Management Improvements Needed to Address Information Technology and Financial Controls
GAO-11-157: Published: Mar 16, 2011. Publicly Released: Mar 16, 2011.
The Department of Labor (Labor) plays a vital role in promoting the welfare of American workers through administering and enforcing more than 180 federal laws that cover some 10 million employers and 125 million workers. Since the recent economic downturn, Labor's role has become even more critical as its programs provide additional employment and training supports. As such, GAO was asked to deter...
Electronic Government: National Archives and Records Administration's Fiscal Year 2011 Expenditure Plan
GAO-11-299: Published: Mar 4, 2011. Publicly Released: Mar 4, 2011.
Since 2001, the National Archives and Records Administration (NARA) has been working to develop an Electronic Records Archive (ERA) to preserve and provide access to massive volumes of all types of electronic records. NARA originally planned to complete the system in 2012, but has repeatedly revised the program schedule and estimated cost and is now planning to deploy an ERA system with reduced fu...