Financial management (71 - 80 of 171 items)
U.S. Postal Service: Despite Recent Progress, Postal Reform Legislation Is Still Needed
GAO-05-453T: Published: Apr 14, 2005. Publicly Released: Apr 14, 2005.
Both the Presidential Commission on the U.S. Postal Service and GAO's past work have reported that universal postal service is at risk and that comprehensive postal reform legislation is needed to minimize the risk of a significant taxpayer bailout or dramatic postal rate increases. In April 2001, GAO added the Postal Service's (the Service) transformation efforts and long-term outlook to its High...
DOD's High-Risk Areas: Successful Business Transformation Requires Sound Strategic Planning and Sustained Leadership
GAO-05-520T: Published: Apr 13, 2005. Publicly Released: Apr 13, 2005.
In January 2005, GAO released its 2005 high-risk series update report for the 109th Congress. GAO's high-risk series has increasingly focused on major government programs and operations that need urgent attention and transformation to ensure that the U.S. government functions in the most economical, efficient, and effective manner possible. GAO also emphasizes those federal programs and operations...
Kennedy Center: Stronger Oversight of Fire Safety Issues, Construction Projects, and Financial Management Needed
GAO-05-516T: Published: Apr 6, 2005. Publicly Released: Apr 6, 2005.
Since fiscal year 1995, the John F. Kennedy Center for the Performing Arts (Kennedy Center) has received nearly $203 million in federal funds to complete capital projects and intends to request an additional $43 million in appropriations through fiscal year 2008. The Kennedy Center's Comprehensive Building Plan identifies these capital projects as necessary to renovate the Center and to meet or ex...
21st Century Challenges: Reexamining the Base of the Federal Government
GAO-05-352T: Published: Feb 16, 2005. Publicly Released: Feb 16, 2005.
This report stems from the recognition that the Congress faces a daunting challenge: the need to bring government and its programs in line with 21st century realities. This challenge has many related pieces: addressing the nation's large and growing long-term fiscal gap; deciding on the appropriate role and size of the federal government--and how to finance that government--and bringing the panopl...
Department of Homeland Security: Financial Management Challenges
GAO-04-945T: Published: Jul 8, 2004. Publicly Released: Jul 8, 2004.
The Homeland Security Act of 2002 brought together 22 agencies to create a new cabinet-level department focusing on reducing U.S. vulnerability to terrorist attacks, and minimizing damages and assisting in recovery from attacks that do occur. GAO has previously reported on the Department of Homeland Security's (DHS) financial management challenges and key elements necessary for reform. DHS continu...
SEC Operations: Oversight of Mutual Fund Industry Presents Management Challenges
GAO-04-584T: Published: Apr 20, 2004. Publicly Released: Apr 20, 2004.
Having grown to over $7.5 trillion in assets, mutual funds have become vital components of the financial security of more than 95 million American investors. However, in 2003, various allegations of misconduct and abusive practices involving mutual funds came to light. Therefore, ensuring that the Securities and Exchange Commission (SEC), which has primary oversight of the mutual fund industry, ha...
U.S. Postal Service Key Reasons for Postal Reform
GAO-04-565T: Published: Mar 23, 2004. Publicly Released: Mar 23, 2004.
Both the Presidential Commission on the U.S. Postal Service and GAO's past work have reported that universal postal service is at risk and that reform is needed to minimize the risk of a significant taxpayer bailout or dramatic postal rate increases. The administration has also supported comprehensive postal reform. Recent congressional hearings have highlighted broad consensus on the need for pos...
Results-Oriented Government: GPRA Has Established a Solid Foundation for Achieving Greater Results
GAO-04-38: Published: Mar 10, 2004. Publicly Released: Mar 10, 2004.
Now that the Government Performance and Results Act (GPRA) has been in effect for 10 years, GAO was asked to address (1) the effect of GPRA in creating a governmentwide focus on results and the government's ability to deliver results to the American public, (2) the challenges agencies face in measuring performance and using performance information in management decisions, and (3) how the federal g...
Grants Management: EPA Needs to Strengthen Efforts to Address Management Challenges
GAO-04-510T: Published: Mar 3, 2004. Publicly Released: Mar 3, 2004.
The Environmental Protection Agency (EPA) has long faced problems managing its grants, which constitute over one-half of the agency's annual budget, or about $4 billion. EPA uses grants to implement its programs to protect human health and the environment and awards grants to thousands of recipients, including state and local governments, tribes, universities, and nonprofit organizations. EPA's ab...
Need for Comprehensive Postal Reform
GAO-04-455R: Published: Feb 6, 2004. Publicly Released: Feb 25, 2004.
This letter responds to a request by the Chairman, Senate Committee on Governmental Affairs, for GAO's views on the need for postal reform and is based upon prior testimonies related to this issue. Since the Postal Service's transformation efforts and financial outlook had been placed on GAO's High-Risk List in April 2001, the Comptroller General has testified on several occasions about the govern...