Cost analysis (51 - 60 of 731 items) in Custom Date Range
U.S. Currency: Coin Inventory Management Needs Better Performance Information
GAO-14-110: Published: Oct 28, 2013. Publicly Released: Nov 27, 2013.
In 2009, the Federal Reserve centralized coin management across the 12 Reserve Banks, established national inventory targets to track and measure the coin inventory, and in 2011 established a contract with armored carriers that store Reserve Bank coins in their facilities. However, according to Federal Reserve data, from 2008 to 2012, total annual Reserve Bank coin management costs increased by 69...
Federal Real Property: Selected Agencies Plan to Use Workforce Mobility to Reduce Space, but Most Efforts Are Too New to Have Realized Savings
GAO-14-41: Published: Oct 17, 2013. Publicly Released: Nov 18, 2013.
The five selected agencies GAO reviewed are either exploring or taking actions such as increasing "telework" participation and implementing a "hoteling" program--which means that employees give up their individual, permanent space and use shared, nonpermanent workspaces when they are in the office-- to reduce their space needs. For example, as part of its headquarters renovation, the General Servi...
Federal Real Property: Greater Transparency and Strategic Focus Needed for High-Value GSA Leases
GAO-13-744: Published: Sep 19, 2013. Publicly Released: Oct 23, 2013.
The General Services Administration's (GSA) 218 high-value leases GAO reviewed represented only about 3 percent of the total number of GSA leases, yet made up about one-third of its leased portfolio in terms of cost and size. GSA has reduced the costs of its high-value leases in line with the administration's goal to reduce real property costs. GSA's efforts include helping agencies improve space...
U.S. Postal Service: Proposed Health Plan Could Improve Financial Condition, but Impact on Medicare and Other Issues Should Be Weighed before Approval
GAO-13-658: Published: Jul 18, 2013. Publicly Released: Aug 19, 2013.
The U.S. Postal Service (USPS) would likely realize large financial gains from its proposed health care plan, primarily by increasing retirees use of Medicare. Specifically, USPS estimates that its plan would reduce its retiree health benefit liability by $54.6 billion, thereby eliminating its unfunded retiree health benefit liability. The plan would also reduce USPSs required total an...
Department of Energy: Observations on DOE's Management Challenges and Steps Taken to Address Them
GAO-13-767T: Published: Jul 24, 2013. Publicly Released: Jul 24, 2013.
As GAO has reported over the last decade, the Department of Energys (DOE) management of major projects and programs, security and safety at DOE sites, and reliable enterprise-wide management information, including budget and cost data, are among the most persistent management challenges the department faces. Challenges managing major projects and programs. The Office of Environmental M...
Strategic Sourcing: Improved and Expanded Use Could Provide Significant Procurement Savings
GAO-13-765T: Published: Jul 15, 2013. Publicly Released: Jul 15, 2013.
Most of the agencies GAO reviewed for its September 2012 report leveraged a fraction of their buying power. More specifically, in fiscal year 2011, the Departments of Defense (DOD), Homeland Security, Energy, and Veterans Affairs (VA) accounted for 80 percent of the $537 billion in federal procurement spending, but reported managing about 5 percent of that spending, or $25.8 billion, through strat...
Government Efficiency and Effectiveness: Opportunities to Reduce Fragmentation, Overlap, and Duplication through Enhanced Performance Management and Oversight
GAO-13-590T: Published: May 22, 2013. Publicly Released: May 22, 2013.
GAO's 2013 annual report identifies 31 new areas where agencies may be able to achieve greater efficiency or effectiveness. Seventeen areas involve fragmentation, overlap, or duplication. For example, GAO reported that the Department of Defense could realize up to $82 million in cost savings and ensure equivalent levels of performance and protection by taking action to address its fragmented appro...
Strategic Sourcing: Leading Commercial Practices Can Help Federal Agencies Increase Savings When Acquiring Services
GAO-13-417: Published: Apr 15, 2013. Publicly Released: May 15, 2013.
Officials from leading companies GAO spoke with reported saving 4-15 percent over prior year spending through strategically sourcing the full range of services they buy--a process that moves away from numerous individual purchases to an aggregate approach. The federal government and leading companies buy many of the same services, such as facilities management, engineering, and information technol...
State and Local Governments' Fiscal Outlook: April 2013 Update
GAO-13-546SP: Published: Apr 29, 2013. Publicly Released: Apr 29, 2013.
GAOs State and Local Fiscal SimulationsFiscal sustainability presents a national challenge shared by all levels of government. Since 2007, GAO has published long-term fiscal simulations for the state and local government sector. These simulations have consistently shown that, like the federal government, the state and local sector faces persistent and long-term fiscal pressures and, absent a...
Department of Homeland Security: Opportunities Exist to Strengthen Efficiency and Effectiveness, Achieve Cost Savings, and Improve Management Functions
GAO-13-547T: Published: Apr 26, 2013. Publicly Released: Apr 26, 2013.
Since 2011, GAO has identified 11 areas across the Department of Homeland Security (DHS) where fragmentation, overlap, or potential duplication exists and 13 areas of opportunity for cost savings or enhanced revenue collections. In these reports, GAO has suggested 53 total actions to the department and Congress to help strengthen the efficiency and effectiveness of DHS operations. In GAOs 20...