Problems with the way the Treasury Department processes consolidated financial statements could lead to inconsistent and inaccurate financial reporting, a June 28 Government Accountability Office report (.pdf) says. During its fiscal 2012 audit, GAO found new internal control deficiencies in CFS processing including timely submission of audited line items, determining the effect of reclassifications of line items and ensuring that the budget statements included in the CFS were prepared in a reliable manner, the report says.
The majority of government manager have difficulty determining performance measures and say different parties use different definitions to measure performance, show results of a Government Accountability survey (.pdf) published June 26.
The Coast Guard has started a portfolio review of its capabilities compared to its missions in light of a shrinking budget, said the service's second in command before a June 26 House panel. The review, which is being conducted with the Office of Management and Budget and the Homeland Security Department, will establish "given levels of funding, what we will be able to do and what we will not be able to do," said Vice Commandant Vice Adm. John Currier.
Coordination challenges could hinder progress made by new grant management initiatives by the Council on Financial Assistance Reform, a recently released May 23 Government Accountability Office report (.pdf) says. COFAR replaced two former federal boards- the Grants Policy Committee and Grants Executive Board and was charged with identifying emerging issues, challenges and opportunities in grants management and policy.
Agencies should start assigning unique identification numbers to financial assistance awards such as grants to state and local governments and non-profit organizations – something they've already done for decades with contract awards – says a June 12 memo from the Office of Management and Budget.
A June 5 DHS Office of Inspector General report (.pdf) finds the National Protection and Programs Directorate's Office of Cybersecurity and Communications has not fully met its obligations to improve the security posture of the dot-gov domain.
The Office of Management and Budget's estimated governmentwide cost savings from TechStat Accountability Sessions, the oversight program it uses to review agencies' troubled technology investments, could be grossly overstated. Based on agency documentation, the Government Accountability Office identified only $22.2 million in cost savings and avoidances.
The $638 billion National Defense Authorization Act for fiscal 2014 passed the House June 14 in a 315 to 108 vote. The House authorized $552.1 billion in overall spending for base national defense and an additional $85.8 billion in overseas contingency operations. The fiscal 2014 NDAA (H.R. 1960) is consistent with the House passed budget which took money from non-defense budget to allow more money for defense while keeping overall spending below the Budget Control Act cap, according to an NDAA committee fact sheet.
If confirmed as the administrator of the Office of Information and Regulatory Affairs, Howard Shelanski would continue the regulatory look-back process emphasized by his predecessor Cass Sunstein.
On the heels of a Treasury Inspector General for Tax Administration report on excessive spending at a 2010 Internal Revenue Service conference, the Office of Management and Budget released guidance May 28 to help agency conference planners balance cost and mission needs.