Financial management (31 - 40 of 266 items)
Inspectors General: Opportunities to Enhance Independence and Accountability
GAO-07-1089T: Published: Jul 11, 2007. Publicly Released: Jul 11, 2007.
The federal inspectors general (IG) play a critical role in addressing mismanagement of scarce taxpayer dollars. In the coming years, as we enter a period of escalating deficits and increasingly limited resources, GAO believes that the greatest single source of savings will come from bold, decisive efforts to transform what government does and how it does business, and to hold it accountable for r...
Hurricane Katrina: Allocation and Use of $2 Billion for Medicaid and Other Health Care Needs
GAO-07-67: Published: Feb 28, 2007. Publicly Released: Feb 28, 2007.
In February 2006, the Deficit Reduction Act of 2005 (DRA) appropriated $2 billion for certain health care costs related to Hurricane Katrina through Medicaid and the State Children's Health Insurance Program (SCHIP). The Centers for Medicare & Medicaid Services (CMS) was charged with allocating the $2 billion in funding to states directly affected by the hurricane or that hosted evacuees. GAO perf...
Federal Emergency Management Agency: Challenges for the National Flood Insurance Program
GAO-06-335T: Published: Jan 25, 2006. Publicly Released: Jan 25, 2006.
The National Flood Insurance Program (NFIP), established in 1968, provides property owners with some insurance coverage for flood damage. The Federal Emergency Management Agency (FEMA) within the Department of Homeland Security is responsible for managing the NFIP. The unprecedented magnitude and severity of the flood losses from hurricanes in 2005 challenged the NFIP to process a record number of...
Federal Programs with a Financial Eligibility Component
GAO-06-292R: Published: Dec 14, 2005. Publicly Released: Dec 14, 2005.
Each year, federal benefit programs make billions of dollars of improper payments, in some cases, due to inaccurate personal and financial information provided by applicants. For federal agencies administering those programs, getting reliable personal and financial information is vital for making good decisions about whether an individual or business is eligible for federal benefits. As one of the...
Federal Emergency Management Agency: Crisis Counseling Grants Awarded to the State of New York after the September 11 Terrorist Attacks
GAO-05-514: Published: May 31, 2005. Publicly Released: Jun 30, 2005.
To help alleviate the psychological distress caused by the September 11, 2001, attacks the Federal Emergency Management Agency (FEMA) awarded the state of New York two grants totaling $154.9 million to provide crisis counseling and public education. Because of questions about whether the program, called Project Liberty, had spent all the funds it received from the federal government, GAO was asked...
FEMA Cerro Grande Claims: Payments Properly Processed, but Reporting Could Be Improved
GAO-04-129: Published: Dec 24, 2003. Publicly Released: Dec 24, 2003.
The Cerro Grande Fire Assistance Act (CGFAA) mandated that GAO annually audit all claim payments made to compensate the victims of the Cerro Grande Fire in northern New Mexico. For this third report on this topic, GAO determined whether the Federal Emergency Management Agency (FEMA), which is now a part of the Emergency Preparedness and Response Directorate of the Department of Homeland Security,...
Catastrophe Insurance Risks: Status of Efforts to Securitize Natural Catastrophe and Terrorism Risk
GAO-03-1033: Published: Sep 24, 2003. Publicly Released: Oct 24, 2003.
In addition to potentially costing hundreds or thousands of lives, a natural or terrorist catastrophe in the United States could place enormous financial demands on the insurance industry, businesses, and taxpayers. Given these financial demands, interest has been raised in bonds that are sold in the capital markets and thereby diversify catastrophe funding sources. GAO was asked to update a 2002...
Disaster Assistance: Information on FEMA's Post 9/11 Public Assistance to the New York City Area
GAO-03-926: Published: Aug 29, 2003. Publicly Released: Sep 24, 2003.
The terrorist attacks on New York City created the most costly disaster in U.S. history. In response, the President pledged at least $20 billion in aid to the city. Approximately $7.4 billion of this aid is being provided through the Federal Emergency Management Agency's (FEMA) public assistance program, which provides grants to state and local governments to respond to and recover from disasters...
Maritime Administration: Weaknesses Identified in Management of the Title XI Loan Guarantee Program
GAO-03-728T: Published: May 15, 2003. Publicly Released: May 15, 2003.
Title XI of the Merchant Marine Act of 1936, as amended, is intended to help promote growth and modernization of the U.S. merchant marine and U.S. shipyards by enabling owners of eligible vessels and shipyards to obtain financing at attractive terms. The program has guaranteed more than $5.6 billion in ship construction and shipyard modernization costs since 1993, but has experienced several large...
FEMA Cerro Grande Claims: Payments Properly Processed, but Reported Payments Somewhat Overstated
GAO-03-623: Published: May 8, 2003. Publicly Released: May 8, 2003.
The Cerro Grande Fire Assistance Act mandated that GAO annually audit all claim payments made to compensate the victims of the Cerro Grande Fire in northern New Mexico. For this second report on this topic, GAO determined whether the Federal Emergency Management Agency (FEMA), which is now a part of the Department of Homeland Security, (1) had revised its policies and procedures to address prior G...