Financial Management
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The House Oversight and Government Reform Committee is consolidating two subcommittees that oversee major agency functions, such as procurement and technology, into a new panel. No news yet on who will be the ranking members.
January 02, 2013 -
The Homeland Security Department would be required to conduct and pass a full financial audit under a bill unanimously approved by the Senate on Wednesday. The DART Act requires the agency, long characterized by the Government Accountability Office as being at high-risk for waste and abuse, to reach a clean audit opinion by 2013.
November 29, 2012 -
OMB Controller Danny Werfel announced Wednesday the federal government avoided paying out $47 billion in overpayments over the last three years. This missed President Barack Obama's goal of reducing improper payments by $50 billion by the end of FY2012.
November 23, 2012 -
Fred Hochberg, the Export-Import Bank president told The Federal Drive with Tom Temin and Emily Kopp that unlike other agencies, his agency has been able to pay money to the government rather than take money from the government.
November 16, 2012 -
An exclusive Federal News Radio survey of federal CFOs and deputy CFOs finds 55 percent of the respondents rated spending money more wisely as their top priority. But at the same time, 36 percent rated moving to the Internet Payment Portal or other financial management shared services as their fourth highest priority. CFOs also say they are using data to make better decisions and budget reductions, not sequestration, is their biggest concern.
October 09, 2012 -
Peggy Sherry, the agency's CFO, said when budget cuts do come they are prepared. DHS has been finding efficiencies in its spending and asked components to think hard about how they spend their money.
September 17, 2012 -
DoD's top financial manager says the Pentagon is pressing forward to meet Congressional edicts for auditable financial statements. But constant federal budget emergencies are sapping huge amounts of energy from the financial workforce tasked with preparing for audit.
September 17, 2012 -
Rafael Borras, the Homeland Security Department's undersecretary for management, said in an exclusive interview with Federal News Radio, improvements to back-office functions show how interdependent the agency has become over the last few years. DHS is managing its acquisition, financial management and human capital processes through a holistic approach.
September 04, 2012 -
Ever wonder what the federal government is doing to reduce electricity use and reduce costs? Learn more about how the US federal government is leading the way in working to make its facilities more sustainable and environmentally responsible.
August 13, 2012 -
A review of audit practices at the military's IT agency finds significant deficiencies in meeting governmentwide "yellow book" auditing standards. DISA agreed with the inspector general's findings and laid out four steps toward improvement.
August 13, 2012 -
New legislation from several senators would let DoD reprogram funds without congressional approval.
August 03, 2012 -
The Treasury Inspector General for Tax Administration evaluated six random reimbursable agreements IRS made with agencies and found a lot of money went uncollected.
July 31, 2012 -
The next five to 10 years may represent a once-in-a-generation period of challenges and opportunities for the Federal government. The question isn't whether or not your organization will be affected by the shifts but whether or not your organization will be out in front of them. Reduced budgets combined with unchanged - or more complex - missions have resulted in increasing workloads, which have sent agencies searching for ways to leverage limited resources while striving to improve mission performance. So, how can agencies reduce inefficiencies and redundancies without significantly impacting their core missions?
July 23, 2012 -
Information regarding a person's death is not always correctly transferred between the Social Security Administration's databases, according to a new report from the agency's inspector general. As a result, various agencies may be sending money to dead people or fraudsters.
July 13, 2012 -
A congressional report released today outlines $70 billion of unspent federal dollars that could have helped disaster victims, spurred highway construction and fund education programs.
June 07, 2012