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1:10 am, December 20, 2014

Financial Management News

Mica: 'Mismanagement of assets is shameful'

Congressman John Mica says his top priority as chairman of the House Oversight and Government Reform Subcommittee on Government Operations is to cut agency waste, fraud and abuse beyond just the low hanging fruit. Mica's column is part of Federal News Radio's special report, Rise of the Money People.

Friday - 04/12/2013, 04:21am EDT

Bureau of Fiscal Service primes network for influx of new customers

Kim McCoy, the bureau's chief information officer, said she's looking at how best to pre-position resources to get new agency financial management customers on board more quickly.
April 11, 2013

Thursday - 04/11/2013, 09:01pm EDT
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Budget, sequestration and jobs

On this week's Capital Impact show, Bloomberg Government analysts discuss the latest jobs report and and how sequestration is affecting the economy of Fairfax County Virginia.
April 11, 2013

Thursday - 04/11/2013, 06:42pm EDT
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HHS tries to put dent in $65 billion in improper payments

Kay Daly, the assistant inspector general for audit services at Health and Human Services, tells Federal News Radio why HHS has made so many improper payments and what the agency is doing to fix the problem.

Thursday - 04/11/2013, 04:20pm EDT
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Succession planning crucial in financial management arena

Steve Potts of the Graduate School USA explains what agencies need to do to prepare for financial management succession planning. The interview is part of Federal News Radio's special report, Rise of the Money People.

Thursday - 04/11/2013, 12:49pm EDT
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Agency collaboration key to saving money

As the new chairman of the Senate Governmental Affairs subcommittee that oversees the federal workforce and government efficiency, Sen. Jon Tester says he will work to improve government services by pushing for better inter-agency collaboration and smarter investments that produce results.

Wednesday - 04/10/2013, 06:58pm EDT

DoD makes slow progress towards clean 2017 audit

Mark Easton, DoD's deputy chief financial officer, says the challenges toward a clean audit are significant but the Pentagon is still optimistic.

Wednesday - 04/10/2013, 05:51pm EDT
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Tough budget times lead to Golden Age for the CFO

Federal finance may conjure up images of dull reports and boring people toiling away on spreadsheets. If that's what comes to mind, it may be time to revise your thinking. Doug Criscitello and Jeff Steinhoff, two former federal financial executives, spoke with Federal News Radio about the evolving workforce as part of our special report, Rise of the Money People.

Wednesday - 04/10/2013, 04:57pm EDT
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How one Air Force program aims to save $1 billion

The Air Force Materiel Command is trying to save up to $1 billion through a process called High Velocity Maintenance. Dr. Steve Butler, the executive director of the Air Force Materiel Command, speaks with Francis Rose about how the process helps his agency save money.

Wednesday - 04/10/2013, 03:25pm EDT
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How much cash can an efficient grants program save at your agency?

Tim Lawler, director of the grants management practice at Grant Thornton and former director of financial management at the FAA, tells the Federal Drive with Tom Temin and Emily Kopp how the grants process can be streamlined at agencies.

Wednesday - 04/10/2013, 02:49pm EDT
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Recovery Board opens next frontier in financial accountability

Pundits may question whether Congress should have approved $804 billion in stimulus money via the Recovery Act of 2009. But many in government have come to realize that the independent agency charged with overseeing how that money was spent -- the Recovery Accountability and Transparency Board -- has a lot to teach financial managers about ensuring transparency and rooting out waste in government spending.

Wednesday - 04/10/2013, 02:25pm EDT
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Experts discuss DoD's challenges in reaching a clean audit

Former DoD Deputy CFO Al Tucker and Asif Khan from the Government Accountability Office join Francis Rose on this week's edition of Pentagon Solutions to discuss the challenges DoD has in reaching a clean audit by 2017.

Wednesday - 04/10/2013, 02:15pm EDT
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Does a bad audit really affect agency operations?

Bob Dacey, the chief accountant at the Government Accountability Office, helps Federal News Radio answer this question as part of our special report, Rise of the Money People.

Wednesday - 04/10/2013, 01:18pm EDT
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CFOs relying more on data, managing risk to find budget efficiencies

A new Federal News Radio survey finds agency financial managers have moved up to the next level and are using information and performance metrics to inform their decision making. Respondents say they are finding ways to use data to find efficiencies. Workforce training, retaining and hiring are among their top priorities. The survey is part of Federal News Radio's special report, Rise of the Money People.

Wednesday - 04/10/2013, 04:37am EDT
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From islands to log cabins, agencies struggle to offload excess property

The process of disposing of properties that have outlasted their usefulness to the government continues to vex agencies. As part of the special report, Rise of the Money People, Federal News Radio examines why the government has struggled with real-property management and the reform efforts on the table that could help make a difference.

Tuesday - 04/09/2013, 06:00am EDT
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Three steps to make it out of the impenetrable (financial) fog

President Thomas Jefferson spoke of the impenetrable financial fog the federal government found itself under in 1802. Unfortunately, some things never change. Former Labor Department CFO Sam Mok says there are three steps the new director of the Office of Management and Budget should take to begin making a difference in this arena. Mok's column is part of Federal News Radio's special report, Rise of the Money People.

Tuesday - 04/09/2013, 05:57am EDT

Shared services becoming new normal in financial modernization

When it comes to saving money, shared services providers are the new "it" thing. As part of the special report, Rise of the Money People, Federal News Radio gets the inside scoop from the head of the Interior Business Center.

Monday - 04/08/2013, 07:56pm EDT
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CFOs exercise new muscle to impact agency performance

Nearly 23 years after the seminal CFO Act became law, agencies have met its spirit and intent, experts say. CFOs today quickly are becoming more than just number crunchers. They are now masters of data analytics aimed at improving agencies' missions.

Monday - 04/08/2013, 02:42am EDT
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Financial management takes center stage as agencies root out wasted billions

As federal employees are furloughed, programs and contractors are cut, and agreement on future federal budgets appears remote, efficient management of the trillions of dollars it takes to operate the government is more important than ever. In Federal News Radio's on-air and online series, "Rise of the Money People: Financial management moves front and center as agencies make the final assault on wasted billions," we shine the light on chief financial officers and their soldiers in the financial wars, their strategies and tactics for waging the fight, the current and emerging weapons in their arsenal, and how their future battles will unfold.

Monday - 04/08/2013, 02:37am EDT

Timeline: The Evolution of Financial Management in the Federal Government

Building on the foundation of the Accounting and Auditing Act of 1950, Congress has increased the oversight and transparency of government spending over the years.

Monday - 04/08/2013, 02:33am EDT
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