Financial management (31 - 40 of 897 items) in Custom Date Range
Human Services: Sustained and Coordinated Efforts Could Facilitate Data Sharing While Protecting Privacy
GAO-13-106: Published: Feb 8, 2013. Publicly Released: Feb 21, 2013.
Four selected states or localities used systematic and automated data sharing to improve eligibility verification or case management processes. Such data sharing improved eligibility verification processes in Michigan and Utah. Specifically, program officials said that data sharing improved program integrity because more accurate payments were made, and staff noted program efficiencies through mor...
GAO's 2013 High-Risk Series: An Update
GAO-13-359T: Published: Feb 14, 2013. Publicly Released: Feb 14, 2013.
In February 2011, GAO detailed 30 high-risk areas. Sufficient progress has been made to remove the high-risk designation from two areas.Management of Interagency Contracting. Improvements include (1) continued progress made by agencies in addressing identified deficiencies, (2) establishment of additional management controls, (3) creation of a policy framework for establishing new interagency cont...
Federal Real Property: Improved Cost Reporting Would Help Decision Makers Weigh the Benefits of Enhanced Use Leasing
GAO-13-14: Published: Dec 19, 2012. Publicly Released: Jan 18, 2013.
Agency officials told us that enhanced use leases (EUL) help them utilize their underutilized property better; commonly cited benefits include enhanced mission activities, cash rent revenue, and value received through in-kind consideration. However, some agencies we reviewed do not include all costs associated with their EULs when they assess the performance of their EUL programs. Guidance from th...
Financial Audit: U.S. Government's Fiscal Years 2012 and 2011 Consolidated Financial Statements
GAO-13-271R: Published: Jan 17, 2013. Publicly Released: Jan 17, 2013.
To operate as effectively and efficiently as possible and to make difficult decisions to address the federal governments fiscal challenges, Congress, the administration, and federal managers must have ready access to reliable and complete financial and performance informationboth for individual federal entities and for the federal government as a whole. Even though significant progress...
U.S. Postal Service: Status, Financial Outlook, and Alternative Approaches to Fund Retiree Health Benefits
GAO-13-112: Published: Dec 4, 2012. Publicly Released: Dec 27, 2012.
The Postal Service Retiree Health Benefits Fund (PSRHBF) covered about 49 percent of the U.S. Postal Service's (USPS) $94 billion retiree health benefit liability at fiscal year-end 2012. USPS's deteriorating financial outlook, however, will make it difficult to continue the current prefunding schedule in the short term, and possibly to fully fund the remaining $48 billion unfunded liability over...
Grants to State and Local Governments: An Overview of Federal Funding Levels and Selected Challenges
GAO-12-1016: Published: Sep 25, 2012. Publicly Released: Sep 25, 2012.
Federal outlays for grants to state and local governments totaled more than $606 billion in fiscal year 2011. Over the last three decades, these grants have consistently been a significant component of federal spending, but the focus of this spending has changed over time. For example, during this period the proportion of federal outlays to state and local governments dedicated to Medicaid grants...
Grants Management: Improving the Timeliness of Grant Closeouts by Federal Agencies and Other Grants Management Challenges
GAO-12-704T: Published: Jul 25, 2012. Publicly Released: Jul 25, 2012.
Closeout is an important final point of grants accountability. It helps to ensure that grantees have met all financial and reporting requirements. It also allows federal agencies to identify and redirect unused funds to other projects and priorities as authorized or to return unspent balances to the Department of the Treasury (Treasury). At the end of fiscal year 2011, GAO identified more than $79...
Managing for Results: A Guide for Using the GPRA Modernization Act to Help Inform Congressional Decision Making
GAO-12-621SP: Published: Jun 15, 2012. Publicly Released: Jun 15, 2012.
GPRAMA requires OMB and agencies to consult with relevant committees, obtaining majority and minority views, about proposed goals at least once every 2 years. Specifically, OMB is required to consult with relevant committees with broad jurisdiction on crosscutting priority goals. Agencies are to consult with their relevant appropriations, authorization, and oversight committees when developing or...
Managing for Results: GAO's Work Related to the Interim Crosscutting Priority Goals under the GPRA Modernization Act
GAO-12-620R: Published: May 31, 2012. Publicly Released: May 31, 2012.
The act requires that OMB develop federal government priority goals (crosscutting goals) and a federal government performance plan, which is to be updated annually and released concurrently with the Presidents budget. Specifically, it requires OMB, starting with the 2015 budget and in coordination with agencies and in consultation with the Congress, to developevery 4 yearslong-te...
Management Report: Opportunities for Improvement in the Bureau of Consumer Financial Protection's Internal Controls and Accounting Procedures
GAO-12-528R: Published: May 21, 2012. Publicly Released: May 21, 2012.
During our audit of CFPBs fiscal year 2011 financial statements, we identified seven internal control issues that could adversely affect CFPBs ability to meet its internal control objectives. We do not consider these issues to represent material weaknesses or significant deficiencies in relation to CFPBs financial statements. Nonetheless, we believe they warrant managements...