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8:39 pm, November 25, 2014

Financial Management News

OFPP's proposed increase in contractor salary cap upsets all

The Office of Federal Procurement Policy issued a memo to agencies setting the new benchmark for reimbursable costs at $952,308, up from $763,029 in 2011 for certain contractor employee salaries. The contractor cap has increased 55 percent over the last four years. OFPP blames Congress for not acting to change the formula for calculating the annual increases.

Thursday - 12/05/2013, 04:27am EST

Survey: Budget crises leave little time for long-term planning

A string of recent budget crises, doomsday deadlines and last-minute deals has complicated agencies' longer-term budget planning. However, most agency budget professionals say they're plowing through the uncertainty and will be able to meet spending targets for fiscal 2015 mandated by the Office of Management and Budget, according to a recent survey by Grant Thornton and the American Association for Budget and Program Analysis.

Wednesday - 11/27/2013, 04:48pm EST

IG turns 'blind eye' to DFAS' fudged financial records, Grassley reports

Sen. Chuck Grassley released a report Friday, revealing fudged financial statements from the Defense Finance and Accounting Service and audit misconduct from the Inspector General's office.

Tuesday - 11/26/2013, 06:59am EST

Post office reports loss of $5 billion for year

Post office reports loss of $5 billion for year, increasing urgency for congressional help

Friday - 11/15/2013, 03:30pm EST

IG helps SSA save and recover millions of dollars

In this week's edition of Agency of the Month, SSA Inspector General Patrick O'Carroll explains how his office is helping the agency save millions of dollars.

Friday - 11/15/2013, 10:56am EST
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Cybersecurity framework and Google beats Northrop!

On this week's Capital Impact show, Bloomberg Government analysts will examine NIST's preliminary cybersecurity framework, and Google's lobbying efforts.
November 7, 2013

Thursday - 11/07/2013, 06:19pm EST
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Feasibility of DATA Act questioned even as Senate committee OKs it

Some agency leaders who would be charged with implementing the bill are unsure the DATA Act can be brought to life successfully. Officials said the government can improve how it makes data accessible and publishes procurement and other spending information. But the DATA Act may be asking for things that aren't pragmatically possible.

Thursday - 11/07/2013, 06:21am EST

Free drugs and the Economy

On this week's Capital Impact show, Bloomberg Government analysts will examine the impact of the 340B Drug program on so-called "safety-net" hospitals, and how the government shutdown has affected the economy.
October 24, 2013

Thursday - 10/24/2013, 05:43pm EDT
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From 500 to 70, OMB reduces number of financial system requirements

The Office of Management and Budget rescinds CircularA-127 and issues new guidance to simplify financial system requirements. The goal is to improve quality, utility and the reliability of federal financial information.

Thursday - 10/24/2013, 03:57am EDT
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How to prepare for the next government shutdown

Financial planner Arthur Stein will discuss what you can do to protect your assets in the event of another government shutdown, and Sean Reilly will talk about the possibility of another shutdown, and what's ahead for feds.
October 23, 2013

Wednesday - 10/23/2013, 06:31pm EDT
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The impact of the shutdown

Host Derrick Dortch talks about the recent government shutdown with Linda Rix, co-CEO of Avue Technologies.
October 18, 2013 (Encore presentation October 25, 2013)

Friday - 10/18/2013, 09:48pm EDT
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Contractor survival and bodies as cash machines

On this week's Capital Impact show, Bloomberg Government analysts will examine how the government shutdown is affecting contractors, and what some people are doing to to generate income during these tough economic times.
October 17, 2013

Thursday - 10/17/2013, 07:55pm EDT
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What is the impact of the government shutdown?

Bloomberg Government's Chris Payne and Cameron Leuthy will talk about the government shutdown and how it is affecting contracting and agency missions.
October 15, 2013

Tuesday - 10/15/2013, 07:39pm EDT
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The state of the clearance job market

Evan Lesser, founder and director of Clearance Jobs.com, will discuss the impact of the government shutdown on contractors and employees with security clearances.
October 11, 2013

Friday - 10/11/2013, 06:51pm EDT
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Financial planning tips for furloughed feds

Tammy Flanagan, Karen Schaeffer, and Bob Leins discuss what furloughed federal workers should be doing to protect their financial assets.
October 14, 2013

Thursday - 10/10/2013, 07:09pm EDT
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Morin paints challenging way ahead for Air Force's audit readiness

Jamie Morin, the outgoing comptroller and President Barack Obama's nominee to be DoD's second director of Cost Assessment and Program Evaluation office, told lawmakers Thursday that the Air Force would struggle to meet the 2014 financial management deadline. Jo Ann Rooney, the nominee to be undersecretary of the Navy, said furloughs from sequestration and the government shutdown have delayed progress on several programs.

Thursday - 10/10/2013, 06:27pm EDT
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Protecting your TSP account during the shutdown

Certified financial planner Arthur Stein will provide tips on how to protect your retirement nest egg, and Federal Times Senior Writer Sean Reilly will give us the latest on the government shutdown.
October 9, 2013

Wednesday - 10/09/2013, 08:06pm EDT
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CFOs at tipping point due to fewer resources, more requirements

A new survey by the Association of Government Accountants and Grant Thornton finds federal CFOs and their staffs have only enough time, money and know-how to do the basics around financial management. Agency financial managers are frustrated with having to face ever-increasing mandates with fewer people.

Wednesday - 10/09/2013, 06:11am EDT
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All things Events

Monica Mayk Parham, marketing director for Market Communications and Joyce Bosc, president and owner of Boscobel Marketing Communications, will discuss how budget constraints and travel restrictions are affecting attendence at government events.
October 7, 2013

Monday - 10/07/2013, 11:42pm EDT
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The contractor perspective on federal government issues

Stan Soloway and Robin Lineberger from the Professional Services Council, join host Debra Roth to discuss how sequestration and other issues are affecting contractors.
October 4, 2013

Friday - 10/04/2013, 08:42pm EDT
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