Community Development:
Neighborhood Reinvestment Corporation Should Improve Program Management
RCED-92-174, Jul 8, 1992
Contact:
(202) 512-7631
contact@gao.gov
Office of Public Affairs
(202) 512-4800
youngc1@gao.gov
Pursuant to a congressional request, GAO provided information on the Neighborhood Reinvestment Corporation and its NeighborWorks organizations, focusing on: (1) the oversight of local neighborhood organizations; (2) grant management practices; and (3) competition requirements for contracting for goods and professional services.
GAO found that: (1) 94 percent of the Corporation's 1992 budget came from federal appropriations totalling $28.6 million; (2) the Corporation lacks assurances that program reviews and financial audits receive adequate oversight; (3) poor oversight of grant management led to the Corporation's failure to detect grant funds being spent without necessary Corporation approval; (4) the Corporation lowered its competitive bid threshold to increase competition, but its threshold is still above that of most federal agencies; and (5) in 1991, the Corporation awarded six noncompetitive contracts to former employees.
Status Legend:
- Review Pending
- Open
- Closed - implemented
- Closed - not implemented
Recommendations for Executive Action
Recommendation: The Executive Director, Neighborhood Reinvestment Corporation, should assess whether the process to increase competitive bidding is effective, and, if found lacking, evaluate lowering the threshold for competitive bidding.
Agency Affected: Neighborhood Reinvestment Corp.
Status: Closed - Implemented
Comments: The NRC did assess its process to incease competitive bidding and implement a new contract process which established a pool of qualified consultants and contractors for professional services.
Recommendation: The Executive Director, Neighborhood Reinvestment Corporation, should ensure that the Corporation's administrative manual is revised to specifically require that the Executive Director approve all sole-source contracts awarded to former employees.
Agency Affected: Neighborhood Reinvestment Corp.
Status: Closed - Implemented
Comments: NRC has revised Section 903 of its policy manual to require that all contracts with former employees need the pre-approval of NRC's Executive Director.
Mar 20, 2013
Entrepreneurial Assistance
Puerto Rico
Jan 4, 2013
Flood Insurance
Sep 14, 2012
Disaster Relief
Sep 13, 2012
Disaster Assistance
Jul 25, 2012
Bus Rapid Transit
Jun 6, 2012
Disaster Recovery
Jun 1, 2012
Disaster Assistance Workforce
May 15, 2012
Looking for more? Browse all our products here







