Financial management (111 - 120 of 554 items)
Defense Budget: Improved Reviews Needed to Ensure Better Management of Obligated Funds
GAO-03-275: Published: Jan 30, 2003. Publicly Released: Jan 30, 2003.
As of September 30, 2001, the Navy's operating appropriations had $2.1 billion in unliquidated--or unpaid--funds that were obligated during fiscal years 1997-99. Unliquidated obligations that are no longer needed to pay for goods and services tie up funds that could be used for other permissible purposes. In addition, inaccurate obligation data result in misstatement of budgetary information. Beca...
Debt Ceiling: Analysis of Actions During the 2002 Debt Issuance Suspension Periods
GAO-03-134: Published: Dec 13, 2002. Publicly Released: Dec 13, 2002.
In connection with fulfilling our requirement to audit the financial statements of the U.S. government, we audit the Schedules of Federal Debt Managed by the Bureau of the Public Debt, which includes testing compliance with the debt ceiling. To assist us in this testing and because of the nature of and sensitivity towards actions taken during a debt issuance suspension period, we (1) developed a c...
Highlights of a GAO Roundtable: The Chief Operating Officer Concept: A Potential Strategy To Address Federal Governance Challenges
GAO-03-192SP: Published: Oct 4, 2002. Publicly Released: Oct 4, 2002.
The federal government is in period of profound transition requires a comprehensive review, reassessment, reprioritization, and reengineering of what the government does, how it does business, and, in some cases, who does the government's business. Agencies will need to transform their cultures so that they are more results oriented, customer focused, and collaborative in nature. At the same time,...
Bureau of Reclamation: Opportunities Exist to Improve Managerial Cost Information and Cost Recovery
GAO-02-973: Published: Sep 20, 2002. Publicly Released: Sep 20, 2002.
In a previous report (GAO/AIMD-00-127, May 2000), GAO identified reimbursable project costs that were not being recovered by the Department of the Interior's Bureau of Reclamation. In this report, GAO reviewed the Bureau of Reclamation's managerial cost accounting and cost recovery practices. The Bureau does not currently identify and distribute all of the costs it incurs to its specific projects...
Tennessee Valley Authority: Information on Benchmarking and Electricity Rates
GAO-02-636: Published: May 30, 2002. Publicly Released: May 30, 2002.
The Tennessee Valley Authority (TVA) declared its intent to become competitive by reducing its cost of power and becoming more financially flexible by reducing debt from $27.4 billion to $13.2 billion by 2007. Since the 1980s, TVA has used benchmarking to assess staffing levels for its nuclear program and it began to use benchmarking studies for its non-nuclear business units in 1998. Recent studi...
Social Security Administration: Agency Must Position Itself Now to Meet Profound Challenges
GAO-02-289T: Published: May 2, 2002. Publicly Released: May 2, 2002.
The Social Security Administration (SSA) provided $450 billion in benefits to 50 million recipients in fiscal year 2001. Since 1995, when SSA became an independent agency, GAO has called for effective leadership and sustained management attention to several unresolved management challenges, including the redesign of its disability claims process, management and oversight problems with its SSI prog...
Highlights of GAO's Corporate Governance, Transparency and Accountability Forum
GAO-02-494SP: Published: Mar 5, 2002. Publicly Released: Mar 5, 2002.
The recent sudden and largely unexpected bankruptcy of the Enron Corporation, and financial difficulties experienced by several other large corporations have resulted in substantial losses to employees and shareholders. Many believe that the decline of Enron and other instances of financial statement earnings restatements and bankruptcies have seriously undermined investor confidence in the nation...
Budget Issues: Long-Term Fiscal Challenges
GAO-02-467T: Published: Feb 27, 2002. Publicly Released: Feb 27, 2002.
Combating terrorism and ensuring homeland security have created urgent claims on the nation's attention and on the federal budget. Although an economic recovery seems to be underway, the recession that began last spring has had real consequences for the budget. At the same time, the fiscal pressures created by the retirement of the baby boomers and rising health care costs continue unchanged. Howe...
Applying Agreed-Upon Procedures: House Interparliamentary Groups
GAO-01-1034R: Published: Aug 14, 2001. Publicly Released: Aug 14, 2001.
To assist the Committee on International Relations evaluate the extent to which five House Interparliamentary Groups' schedules of receipts, disbursements, and fund balance for 2000 and 1999 appropriately reflected the cash receipts and disbursements and fund balance for those years, GAO reviewed documentation supporting each group's recorded receipt and disbursement transactions and related fund...
Tobacco Settlement: States' Use of Master Settlement Agreement Payments
GAO-01-851: Published: Jun 29, 2001. Publicly Released: Jul 30, 2001.
The attorneys general of 46 states signed a settlement agreement in 1998 with the nation's largest tobacco companies. The agreement requires the tobacco companies to make annual payments to the states in perpetuity as reimbursement for past tobacco-related costs. Florida, Minnesota, Mississippi, and Texas reached earlier individual settlements with the tobacco companies. States are free to use the...