Financial management (11 - 20 of 39 items)
Flood Insurance: FEMA's Rate-Setting Process Warrants Attention
GAO-09-12: Published: Oct 31, 2008. Publicly Released: Dec 1, 2008.
Questions about the financial status of the National Flood Insurance Program (NFIP) have increased since the 2005 hurricanes, which left the program with an unprecedented $17.4 billion deficit--a debt that resulted in GAO placing NFIP on its high-risk list in March 2006. Among the concerns are the subsidized rates NFIP must provide for about 25 percent of the policies, mostly for older buildings i...
Nonprofit Hospitals: Variation in Standards and Guidance Limits Comparison of How Hospitals Meet Community Benefit Requirements
GAO-08-880: Published: Sep 12, 2008. Publicly Released: Oct 14, 2008.
Nonprofit hospitals qualify for federal tax exemption from the Internal Revenue Service (IRS) if they meet certain requirements. Since 1969, IRS has not specified that these hospitals have to provide charity care to meet these requirements, so long as they engage in activities that benefit the community. Many of these activities are intended to benefit the approximately 47 million uninsured indivi...
Rural Economic Development: Collaboration between SBA and USDA Could Be Improved
GAO-08-1123: Published: Sep 18, 2008. Publicly Released: Sep 18, 2008.
The Small Business Administration (SBA) and the Rural Development offices of the U.S. Department of Agriculture both work in rural areas to foster economic development by promoting entrepreneurship and community development. This report discusses (1) the complementary nature of some SBA and Rural Development programs and the extent to which it provides a rationale for the agencies to collaborate,...
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...
Natural Disasters: Public Policy Options for Changing the Federal Role in Natural Catastrophe Insurance
GAO-08-7: Published: Nov 26, 2007. Publicly Released: Dec 26, 2007.
In recent years, much attention has been focused on the roles that the private sector and federal government play in providing insurance and financial aid before and after catastrophic events. In this context, GAO examined (1) the rationale for and resources of federal and state programs that provide natural catastrophe insurance; (2) the extent to which Americans living in catastrophe-prone areas...
Federal Emergency Management Agency: Ongoing Challenges Facing the National Flood Insurance Program
GAO-08-118T: Published: Oct 2, 2007. Publicly Released: Oct 2, 2007.
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. Given the challenges facing the NFIP and the need for legislative reform to ensure the financial stability and ongoing viability of th...
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...
Flood Insurance: Challenges Facing the National Flood Insurance Program
GAO-03-606T: Published: Apr 1, 2003. Publicly Released: Apr 1, 2003.
Floods have been, and continue to be, the most destructive natural hazard in terms of economic loss to the nation. The National Flood Insurance Program is a key component of the federal government's efforts to minimize the damage and financial impact of floods. The program identifies flood-prone areas of the country, makes flood insurance available in the nearly 20,000 communities that participate...
Major Management Challenges and Program Risks: Federal Emergency Management Agency
GAO-03-113: Published: Jan 1, 2003. Publicly Released: Jan 1, 2003.
The 2003 performance and accountability series includes the first report on the Federal Emergency Management Agency (FEMA) since the series started in 1999. GAO reported on management challenges facing FEMA this year because of the increased national significance of the agency's missions and the additional responsibilities placed on the agency. The information GAO presents in this report is intend...
Executive Guide: Leading Practices in Capital Decision-Making (Supersedes AIMD-98-110)
AIMD-99-32: Published: Dec 1, 1998. Publicly Released: Dec 1, 1998.
This publication supersedes AIMD-98-110, Executive Guide: Leading Practices in Capital Decision-Making, April 1998. GAO published a guide: (1) summarizing the 12 fundamental practices that have been successfully implemented by organizations recognized for their outstanding capital decisionmaking practices; and (2) providing examples from which the federal government may be able to draw lessons and...