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Wednesday, October 18, 2006

Managers lack money to assess property needs

Funding is the biggest obstacle standing between managers and success in improving financial management of federal real property, according to a survey to be released today by Herndon, Va.-based consulting firm VISTA.

The survey asked government members of the Federal Real Property Association, which includes managers from eight agencies, about their progress in determining whether federal property is being used effectively or is in excess of agency needs — an initiative on the president’s management agenda.

Sixty-four percent cited “financial resources to do the work,” as the single biggest challenge to getting the job done — up from 32 percent when managers were asked the same question in 2005.

Having information available to make asset management decisions is also an issue, managers said.

“The real property database is completely unreliable. Financial systems are not well-linked to inventory data,” one manager wrote.

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