Financial Management

Latest Headlines

Latest Headlines

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.

US comptroller general outlines ways to curb federal improper payments, improve fiscal health

Congress can help federal agencies reduce the billions of dollars in improper payments they make annually through new legislation and providing investigators with access to particular databases, among other actions, the nation's comptroller general said at a Senate Finance Committee hearing last week.

A closer look at NIST's cloud roadmap and hybrid guidance

It's been four years since the Office of Management and Budget asked federal chief information officers to think "cloud first" – or consider cloud computing-based solutions when investing in new technology, or updating legacy systems. 

EPA not properly tracking its IT investments, finds IG

The Environmental Protection Agency is not properly recording its information technology investments, which totaled more than $334 million in fiscal 2014, finds an internal audit.

Spotlight: Officials provide DATA Act implementation update

Fiscal Assistant Secretary David Lebryk showed attendees at DATA Transparency 2015 the first public images of a forthcoming spending data platform.

GAO: Many federal agencies not following OMB guidance to complete IT reinvestment plans

Of the 27 agencies that are required to submit reinvestment plans – including one-time and ongoing plans – to the Office of Management and Budget, only five had fully implemented such guidance while the remaining 22 agencies have partially implemented it.