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Shows & Panels
Search Tags: Financial management
DoD's senior executives with responsibility for budget matters report a sudden decline in job satisfaction. No surprise: sequestration's mostly to blame.
The Defense Department reported making just $1.1 billion in improper payments in fiscal 2011, a small fraction of the Pentagon's total outlays of more than $1 trillion. But, in a new report, the Government Accountability Office said those estimates are neither reliable nor statistically valid because of "longstanding and pervasive" weaknesses in DoD financial-management practices as well as specific deficiencies in the department's procedures for estimating improper payments.
OMB and Treasury have been working with the four federal financial management shared services providers to collect information on cost and performance. OMB Deputy Controller Norman Dong said the data will help agencies make true comparisons of the providers.
Senate lawmakers are promising to change the laws to let agencies have easier access to the Death Master File and other key databases. Starting June 1, agencies must check the Do Not Pay list before issuing any money.
Tags: management , financial management , Danny Werfel , OMB , Richard Gregg , Treasury , Tom Coburn , Tom Carper , Senate Homeland Security and Governmental Affairs , improper payments , SSA , Death Master File , information sharing , Marianna LaCanfora , Jason Miller
A memo from Controller Danny Werfel requires agencies to submit a plan to maintain current total square footage for office and warehouse space. Agencies must offset any new growth by disposing of current leases.
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.
The Defense Department's attitude toward the importance of auditability has undergone a marked change, but experts believe compliance with its next legal deadline will be a stretch.
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.
Federal chief financial officers have more foresight, insight and hindsight than ever before to make better decisions. But just as important as having these wide-ranging sight lines is how they are being translated down to the program level. Experts say agencies are slowly heading down the path of using data to make better decisions.
Tags: management , financial management , data analytics , Danny Werfel , OMB , Grant Thornton , Deloitte , Doug Criscitello , Vincent Dennis , GSA , FEMA , Treasury , data sharing , Rise of the Money People , Jason Miller
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.