FedCFO Search Engine

@FedCFO Twitter Feed

Thursday, October 05, 2006

Appropriators probe Federal Protective Service budget 'crisis'

Congressional appropriators are seeking explanations of how the Homeland Security Department agency that helps guard federal buildings developed a multimillion-dollar budget shortfall in fiscal 2006, and how similar problems can be avoided this fiscal year.

The conference report accompanying the final version of the fiscal 2007 Homeland Security spending bill (H.R. 5441), passed by the House and Senate late Friday night and signed by President Bush Wednesday, instructs DHS Secretary Michael Chertoff and Office of Management and Budget officials to detail "the extent and cause of any budgetary shortfall" at FPS for the just-ended fiscal year in a report submitted by Nov. 1. The report also must address "how [DHS] will fix FPS financial, procurement and accounting processes and policies," and must be updated by April 30, 2007.

READ MORE...

No comments:

@FedCFO