Financial management (1 - 10 of 96 items)
Financial Literacy: Overview of Federal Activities, Programs, and Challenges
GAO-14-556T: Published: Apr 30, 2014. Publicly Released: Apr 30, 2014.
In its July 2012 report, GAO identified 16 significant financial literacy programs or activities among 14 federal agencies in fiscal year 2010, and 4 housing counseling programs among 2 agencies and a federally chartered entity. As of April 2014, 3 of the financial literacy programs and 1 housing counseling program no longer existed or no longer received funding, and no new federal programs had be...
School Lunch: Implementing Nutrition Changes Was Challenging and Clarification of Oversight Requirements Is Needed
GAO-14-104: Published: Jan 28, 2014. Publicly Released: Feb 27, 2014.
Nationwide, student participation in the National School Lunch Program declined by 1.2 million students (or 3.7 percent) from school year 2010-2011 through school year 2012-2013, after having increased steadily for many years. This decrease was driven primarily by a decline of 1.6 million students eating school lunch who pay full price for meals, despite increases in students eating school lunch w...
District of Columbia Opportunity Scholarship Program: Actions Needed to Address Weaknesses in Administration and Oversight
GAO-13-805: Published: Sep 30, 2013. Publicly Released: Nov 15, 2013.
The DC Children and Youth Investment Trust Corporation (the Trust) provides information to prospective and current families of children participating in the District of Columbia (the District) Opportunity Scholarship Program (OSP) through a variety of outreach activities. To reach prospective OSP families, the Trust advertises through print, radio, and bus ads, as well as in newspapers and flyers...
U.S. Merchant Marine Academy: Additional Actions Needed to Establish Effective Internal Control
GAO-12-369: Published: Jul 6, 2012. Publicly Released: Jul 6, 2012.
The U.S. Merchant Marine Academy (Academy) has made progress in improving its internal control since GAOs August 2009 report, but has not yet fully addressed one key recommendation related to fundamental weaknesses in its overall internal control system. GAO found that while the Academy had appointed an Internal Control Officer responsible for coordinating reviews of internal controls, it ha...
Financial Education and Counseling Pilot Program
GAO-11-737R: Published: Jul 27, 2011. Publicly Released: Jul 27, 2011.
The federal government has numerous programs designed to improve Americans' financial literacy, some of which are targeted at helping consumers determine whether and when to purchase a home, how to manage a mortgage, and how to deal with setbacks that could limit their ability to make timely mortgage payments. However, as we have reported, little is known about the effectiveness of specific strate...
Cost and Legal Authority for Selected Financial Literacy Programs and Activities
GAO-11-781R: Published: Jul 13, 2011. Publicly Released: Jul 13, 2011.
This letter provides additional information about federal financial literacy activities that were addressed in two reports to Congress issued in March 2011, Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue and List of Selected Federal Programs That Have Similar or Overlapping Objectives, Provide Similar Services, or Are Fragmented Across G...
Financial Literacy: A Federal Certification Process for Providers Would Pose Challenges
GAO-11-614: Published: Jun 28, 2011. Publicly Released: Jun 28, 2011.
Financial literacy plays an important role in helping ensure the financial health and stability of individuals and families, and efforts to improve consumers' financial literacy have grown in recent years. Currently, hundreds of nonprofit, private, and governmental entities provide some form of financial education to Americans. The federal government does not certify or approve organizations in ge...
Financial Literacy: The Federal Government's Role in Empowering Americans to Make Sound Financial Choices
GAO-11-504T: Published: Apr 12, 2011. Publicly Released: Apr 12, 2011.
Financial literacy plays an important role in helping ensure the financial health and stability of individuals, families, and our broader national economy. Economic changes in recent years have highlighted the need to empower Americans to make informed financial decisions, yet evidence indicates that many U.S. consumers could benefit from a better understanding of financial matters. For example, r...
Recovery Act: Head Start Grantees Expand Services, but More Consistent Communication Could Improve Accountability and Decisions about Spending
GAO-11-166: Published: Dec 15, 2010. Publicly Released: Dec 15, 2010.
This report responds to two mandates for GAO under the American Recovery and Reinvestment Act of 2009 (Recovery Act). First, it is the latest report on the uses of and accountability for Recovery Act funds in selected states and localities. Second, it comments on recipients' reports of the jobs created and retained. The Recovery Act provided $2.1 billion for Head Start and Early Head Start, primar...
Finanzas del Consumidor: Factores que Afectan la Educacion Financiera de las Personas con Conocimientos Limitados del Ingles
GAO-10-869: Published: Aug 4, 2010. Publicly Released: Aug 4, 2010.
This is the Spanish Language summary of GAO-10-518. According to Census data, more than 12 million adults in the United States report they do not speak English well or at all. Proficiency in reading, writing, speaking, and understanding the English language appears to be linked to multiple dimensions of adult life in the United States, including financial literacy--the ability to make informed jud...