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Search Tags: Recovery Act
OMB controller Danny Werfel said the Treasury Department should be finished testing and analyzing systems in the next six months. The CFO Council highlights priorities for 2011, and among them is the further reduction of improper payments. Werfel said agencies will begin using the software tool first utilized by the Recovery Board to identify potential problems.
The Recovery Board's Earl Devaney outlines the development of the oversight program for the Recovery Act funds.
The report says the federal stimulus funds were responsible for creating at least 2 million jobs nationwide in the Act's first year.
Learn more about how the Dept of Veterans Affairs was able to awards over $1.8 billion.
OMB is using the same data analysis tools to monitor stimulus spending at CMS to reduce their improper payments. Other agencies also are taking advantage of the lessons learned from the creation and operation of the board. Recovery.gov also will receive new features this fall to let citizens track individual projects on their own websites.
Administration memo details additional steps agencies can take to ensure organizations are reporting how they are using the money. OMB says agencies must check on beneficiaries who don't report more often and can terminate their funds or suspend them from receiving future money.
In observation of the 40th anniversary of Earth Day, the Vice President's Office announced the selection of 25 communities for up to $452 million in Recovery Act funding to "ramp-up" energy efficiency building retrofits. Under a Department of Energy initiative, communities, governments, private sector companies and non-profits will work together on programs for concentrated retrofits of neighborhoods and towns - and eventually entire states. Meeting one of the Energy Department's missions, the models are expected to save households and businesses about a $100 million annually in utility bills, while leveraging private sector resources, to create what could be as many as 30,000 new jobs over the next three years.
The Department of Energy is awarding nearly $100 million for 54 smart grid workforce training programs that Secretary Steven Chu says will help prepare the next generation of workers in the utility and electrical manufacturing industries.
The projects will leverage more than $95 million in funding from community colleges, universities, utilities and manufacturers to develop and implement training programs that will train approximately 30-thousand Americans in an effort to modernize the nation's electrical grid, and implement smart grid technologies in communities across the country.
The programs will focus on training activities that support electricians, line workers, technicians, system operators, power system engineers, cyber security specialists and transmission planners.
The funding builds on more than $4 billion in Recovery Act funding for smart grid deployment and demonstration projects nationally.
There were high hopes that Recovery.gov, the Web site for the American Recovery and Reinvestment Act of 2009, would serve as a model for the latest use of XBRL. We ask Joe Kull, who is with the Washington Federal Practice of PricewaterhouseCoopers, for a brief layman's explanation of XBRL.
If you are in the 6-figure salary range you might want to duck and cover. Congress wants to find out what you are doing, where you are doing it and whether you are a long-time fed or somebody hired in the last 18 months. Senior Correspondent Mike Causey has the details.