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OMB hangs hopes on new tools to cut $50B in improper payments

The Treasury Department and Recovery Accountability and Transparency Board are preparing to expand the use of new software and analytical applications this year. OMB Controller Danny Werfel said agency progress is coming along, but needs help from Congress to make it easier to share information among agencies.

Tags: Technology , financial management , Mike Wood , OMB , Recovery Accountability and Transparency Board , House Oversight and Government Reform Committee

Wednesday - 02/08/2012, 10:03am EST
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OFPP calls for more micro-purchase spending with small firms

A new memo from OFPP and OMB tells agencies to improve training to buy more from small businesses through the government charge card.

Tags: Contracting , acquisition , SBA , OFPP , OMB , Dan Gordon , Karen Mills , micro-purchase threshold , government charge card , GSA , Small business contracting , Jason Miller

Wednesday - 12/21/2011, 04:25pm EST

23 of 24 agencies get financial audit opinions

For the first time in 20 years, audits reviewed and gave an opinion for every civilian agency. Only DoD doesn't have a qualified or clean audit opinion.

Tags: financial management , OMB , DoD , NASA , DHS , State , clean audits , Jason Miller

Monday - 11/21/2011, 03:11pm EST

How agencies cut $18B in improper payments

The White House says federal agencies stopped nearly $18 billion in improper payments in fiscal 2011. Danny Werfel, controller at OMB, explained how agencies did it.

Tags: OMB , In Depth , Improper payments , financial management

Wednesday - 11/16/2011, 07:26pm EST
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CFOs, CAOs get 2012 marching orders to cut service contracts

OMB details the 12 product service codes and specific steps agencies must take over the next year to cut 15 percent of their management service contracts next year. Agencies spent $44 billion on these contracts in 2011.

Tags: acquisition , Dan Gordon , OFPP , OMB , management service contracts , AcqStat sessions , Acquisition policy , Contracting , industry , Jason Miller

Thursday - 11/17/2011, 01:43pm EST

OMB, Congress to put grant-making process under more scrutiny

Rep. James Lankford (R-Okla.) said he will hold hearings to see how to make the federal grant process more transparent. The administration merged two existing boards into a new Council on Financial Assistance Reform to improve the grant-making process. HHS awarded a $32.4 million contract for IT services for grants.gov portal.

Tags: Technology , grants , OMB , James Lankford , House Oversight and Government Reform Committee , Jacob Lew , Grants.gov , Council on Financial Assistance Reform , HHS , GAO , Jason Miller

Monday - 10/31/2011, 04:20pm EDT
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New Orleans: There is symmetry

Getting it right this time.

Tags: Jane Norris , AGA , Neil Barofsky , Relmond Van Daniker , SIGTARP , Treasury , OMB , federalreporting.gov , stimulus

Wednesday - 06/24/2009, 10:03am EDT

Data doesn't tell whole story

How to add impact and power to the numbers.

Tags: stimulus , OMB , Recovery.gov , Lesley Field ,

Wednesday - 04/22/2009, 09:55am EDT

OMB's Werfel lays out new plan to follow agency money

Federal controller Danny Werfel to issue new guidance on measuring and fixing improper payments this week. OMB also is planning two pilot programs to improve how agencies receive and process vendor invoices, and to enhance intragovernmental transactions. Werfel also says the approach to financial management shared services is changing.

Tags: management , Technology , OMB , Treasury , GSA , Association of Government Accountants , financial management , Improper payments , Financial Systems Integration Office , shared service providers , CFO , Intragovernmental transactions , AGA

Monday - 02/22/2010, 06:53am EST
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