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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.

Tags: Recovery Act , RAT Board , Earl Devaney , Kathleen Tighe , Michael Wood , transparency , technology , financial accountability , financial management , Rise of the Money People , Michael OConnell , OMB , oversight

Wednesday - 04/10/2013, 02:25pm 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.

Tags: management , financial management , Rise of the Money People , Joe DioGuardi , Ed Mazur , CFO Act , Chief Financial Officers , OMB , Jason Miller

Monday - 04/08/2013, 02:42am EDT
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No civilian furloughs in 2014, Pentagon promises

DoD says it's committed to making sure civilians are not furloughed in fiscal 2014, which begins in October. But if sequestration remains in place, the alternative would almost certainly be involuntary reductions in force for both civilian workers and uniformed service members, officials say.

Tags: DoD , sequestration , budget , furlough , Robert Hale , Association of Government Accountants , Jared Serbu

Monday - 04/01/2013, 05:26am EDT
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OMB offers updated guidance to agencies facing sequestration cuts

The Office of Management and Budget has directed agencies to take full advantage of the funding flexibilities they have under law as they implement across-the-board sequestration cuts, that went into effect March 1. In an April 4 memo, OMB Controller Danny Werfel also directed agency and department leaders to be mindful of certain types of performance awards and to work with agency inspectors general before making cuts to IG offices.

Tags: OMB , sequestration , budget , management , performance awards , IG , Jack Moore

Thursday - 04/04/2013, 03:41pm EDT

OMB mandates use of shared-service providers for agency financial systems

The Office of Management and Budget is telling agencies to stop building costly, agency-specific systems when they modernize their financial management systems. Instead, going forward, agencies must use a federal shared-services provider when updating their accounting systems, according to a new memo from OMB Controller Danny Werfel.

Tags: financial management , OMB , Jack Moore

Tuesday - 03/26/2013, 05:37pm EDT

Inside the Reporter's Notebook: OPM personnel changes, Tangherlini gets more than 210 days

News and buzz in the acquisition and IT communities that you may have missed this week.

Tags: Jason Miller , Inside the Reporters Notebook , technology , people , OPM , Matt Perry , GSA , OMB , FFATA , Nancy Kichak , Darrell Issa

Friday - 02/22/2013, 08:28pm EST

OMB directs agencies to stop most discretionary bonuses under sequestration

The administration issued new guidance late Wednesday detailing specific steps agencies should take as sequestration now is one-day away. Danny Werfel, OMB's controller, told agency leaders to place "increased scrutiny" around several personnel issues, including new hires, training, travel and conferences.

Tags: management , workforce , contracting , OMB , Barack Obama , John Boehner , Congress , sequestration , Barbara Mikulski , furloughs , pay and benefits , Jason Miller

Thursday - 02/28/2013, 07:55am EST

OMB, agencies still crunching sequestration-related furlough numbers for non-DoD civilians

The White House released its estimate on the impact of cuts from sequestration would have on each state and the District of Columbia. OMB's Danny Werfel said they still are obtaining clarity on the impact $85 billion in cuts would have on each agency.

Tags: management , sequestration , OMB , White House , Congress , workforce , Jason Miller

Monday - 02/25/2013, 05:29am EST

Federal Drive Interviews -- Feb. 25, 2013

Sen. Chuck Grassley (R-Iowa) is concerned new regulations may make whistleblowers even more reluctant to report tax fraud to the IRS. OMB Controller Danny Werfel says $85 billion in cuts under sequestration would hurt every state. Maj. Gen. Brett Williams says the U.S. Cyber Command is trying to figure how to normalize operations alongside air, land and sea capabilities. Lynn Singleton, director of environmental services at Lockheed Martin, talks about helping agencies move their email to the cloud. Dr. Milton Corn explains why The National Library of Medicine is monitoring social media.

Tags: Chuck Grassley , Senate , IRS , whistlelower , OMB , sequestration , U.S. Cyber Command , Brett Williams , Lynn Singleton , Lockheed Martin , industry , cloud , Milton Corn , National Library of Medicine , National Institutes of Health , cybersecurity , Cybersecurity Update , DoD , DoD Report , Federal Drive

Monday - 02/25/2013, 09:34am EST

OMB to test agency readiness to move to financial shared services

Danny Werfel, the OMB controller, will issue a new policy in the coming weeks that will mandate agencies simplify their requirements before upgrading their general ledger systems. The policy also will require agencies to strongly consider one of the four federal shared service providers. OMB said it has learned lessons from the previous attempts to move agencies into these common financial management infrastructures.

Tags: technology , OMB , shared services , financial management , Treasury , CFO Council , Jason Miller , exclusive

Friday - 02/22/2013, 05:43am EST
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