Financial Management

Latest Headlines

Latest Headlines

The president's 2017 budget request: Veterans Affairs Department

The Veterans Affairs department has requested $182.3 billion under the president's fiscal 2017 budget proposal, which included $78.7 billion in discretionary funding and $103.6 billion in mandatory funding.

VBA execs win appeals after being disciplined for abusing authority

Two former senior executives at the Veterans Benefits Administration who were previously disciplined and demoted for using their positions for personal benefit have each successfully appealed their respective cases and will return to their previous pay scales.

IRS identity theft detection systems, processes need adjustments, TIGTA says

The IRS is developing a new identity theft detection system, but in certain areas it doesn't work as well as its outdated predecessors, according to the Treasury Inspector General for Tax Administration.

Calls for postal reform grow louder

For years, proposals to reform the U.S. Postal Service have stalled on the Hill, but last week a congressional panel said the need for legislative action is more urgent than ever.

Federal charge card legislation passes Senate, moves to House

The Senate passed legislation Dec. 16 that aims to reduce waste, fraud and abuse in the use of federal agency travel and purchase cards. The bill requires the General Services Administration to continuously examine charge card purchases across the government.

OMB memo looks to lessen EVMS certification burden

In a memorandum issued late last month by Office of Federal Procurement Policy Administrator Anne Rung, the Obama administration wants to make at least one certification process a bit easier for chief acquisition officers and senior procurement executives.

Census puts $5.2B in savings at risk with slow decision-making, says GAO

The Census Bureau is "running out of time" to make key IT decisions that could save the agency as much as $5.2 billion in operational expenses, according to the Government Accountability Office.

Excess unobligated program balances were helpful during the 2013 shutdown, says GAO

While auditors may typically frown on agencies' unobligated funds exceeding balances, the practice is sometimes justifiable, and it was particularly helpful during the 2013 government shutdown,  says  an Oct. 30 Government Accountability Office report.

GSA's new shared services lead hopes to uncover agency savings with a holistic approach

What happens before and after an agency moves to a shared service provider is just as important as the actual transition, according to Beth Angerman, the new lead at the General Services Administration's Unified Shared Services Management Office.

GSA, OMB announce plans to create central shared services governing bodies

The General Services Administration and Office of Management and Budget announced last week their plan to implement a governmentwide shared services management and oversight operating model.