Financial management (61 - 70 of 554 items)
Joint Strike Fighter: Recent Decisions by DOD Add to Program Risks
GAO-08-388: Published: Mar 11, 2008. Publicly Released: Mar 11, 2008.
The Joint Strike Fighter (JSF) program seeks to produce and field three aircraft variants for the Air Force, Navy, Marine Corps, and eight international partners. The estimated total investment for JSF now approaches $1 trillion to acquire and maintain 2,458 aircraft. Under congressional mandate, GAO has annually reviewed the JSF program since 2005. GAO's prior reviews have identified a number of...
Joint Strike Fighter: Impact of Recent Decisions on Program Risks
GAO-08-569T: Published: Mar 11, 2008. Publicly Released: Mar 11, 2008.
The Joint Strike Fighter (JSF) is the Department of Defense's (DOD) most expensive aircraft acquisition program. DOD is expected to develop, procure, and maintain 2,443 aircraft at a cost of more than $950 billion. DOD plans for the JSF to replace or complement several types of aircraft in the Air Force, Navy, and Marine Corps. Given the program's cost and importance, it is critical that decisions...
HUD and Treasury Programs: More Information on Leverage Measures' Accuracy and Linkage to Program Goals Is Needed in Assessing Performance
GAO-08-136: Published: Jan 18, 2008. Publicly Released: Feb 19, 2008.
This is the second of two reports on the leveraging of federal funds in housing and community and economic development programs. Leveraging involves using a source of funds to attract other funds or combining multiple sources of funds. This report examines (1) the leverage measures and the transparency of the data and methods used to calculate them, and (2) the relevance of such measures in assess...
Congressional Directives: Selected Agencies' Processes for Responding to Funding Instructions
GAO-08-209: Published: Jan 31, 2008. Publicly Released: Jan 31, 2008.
In recent years, congressional concern and public debate have increased about the nature and growing number of earmarks. This report seeks to provide Congress and the public with an understanding of how agencies respond to congressional funding directions by examining how selected executive branch agencies translate these directions from Congress into governmental activities. There have been numer...
State and Local Governments: Growing Fiscal Challenges Will Emerge during the Next 10 Years
GAO-08-317: Published: Jan 22, 2008. Publicly Released: Jan 22, 2008.
State and local governments provide an array of services to their residents, such as primary and secondary education, libraries, police and fire services, social programs, roads and other infrastructure, public colleges and universities, and more. These subnational governments may face fiscal stress similar to the federal government. Given the nature of the partnership among levels of government i...
Budget Issues: Accrual Budgeting Useful in Certain Areas but Does Not Provide Sufficient Information for Reporting on Our Nation's Longer-Term Fiscal Challenge
GAO-08-206: Published: Dec 20, 2007. Publicly Released: Dec 20, 2007.
The federal government's financial condition and fiscal outlook have deteriorated dramatically since 2000. The federal budget has gone from surplus to deficit and the nation's major reported long-term fiscal exposures--a wide range of programs, responsibilities, and activities that either explicitly or implicitly commit the government to future spending--have more than doubled. Current budget proc...
Organizational Transformation: Implementing Chief Operating Officer/Chief Management Officer Positions in Federal Agencies
GAO-08-322T: Published: Dec 13, 2007. Publicly Released: Dec 13, 2007.
As agencies across the federal government embark on large-scale organizational change needed to address 21st century challenges, there is a compelling need for leadership to provide the continuing, focused attention essential to completing these multiyear business-related transformations. At the same time, many agencies are suffering from a range of long-standing management problems that are under...
Inspectors General: Limitations of IG Oversight at the Department of State
GAO-08-135T: Published: Oct 31, 2007. Publicly Released: Oct 31, 2007.
GAO was asked to provide testimony about the effectiveness and reliability of the State Department's Office of Inspector General (State IG). We focused on the independence of the State IG, the use of inspections instead of audits to provide oversight of the department, and the effectiveness of the IG's investigative function. The testimony is based primarily on our March 2007 report, Inspectors Ge...
Long-Term Fiscal Challenge: Comments on the Bipartisan Task Force for Responsible Fiscal Action Act
GAO-08-238T: Published: Oct 31, 2007. Publicly Released: Oct 31, 2007.
GAO has for many years warned that our nation is on an imprudent and unsustainable fiscal path. During the past 2 years, the Comptroller General has traveled to 24 states as part of the Fiscal Wake-Up Tour. Members of this diverse group of policy experts agree that finding solutions to the nation's long-term fiscal challenge will require bipartisan cooperation, a willingness to discuss all options...
Debt Management: Treasury Has Improved Short-Term Investment Programs, but Should Broaden Investments to Reduce Risks and Increase Return
GAO-07-1105: Published: Sep 20, 2007. Publicly Released: Oct 22, 2007.
Growing debt and net interest costs are a result of persistent fiscal imbalances, which, if left unchecked, threaten to crowd out spending for other national priorities. The return on every federal dollar that the Department of the Treasury (Treasury) is able to invest represents an opportunity to reduce interest costs. This report (1) analyzes trends in Treasury's main receipts, expenditures, and...