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Thursday, July 26, 2007

FederalNewsRadio - Ask the CFO - Leonard Olijar (BEP)

Bureau of Engraving and Printing

Leonard Olijar - Associate Director and Chief Financial Officer

Four cents to make a one dollar bill. Seven cents to make a note of a higher denomination. But that's just the start of the money trail at the Bureau of Engraving and Printing. Associate Director and Chief Financial Officer Leonard Olijar says every year the bureau's budget is expanding as more technology comes into play and additional safeguards are added to the nation's paper currency. As part of the effort to make sure the agency that prints the money is getting taxpayers the most bang for their buck, Olijar says the Bureau recently undertook a reorganization to streamline operations and that the effort has now led to a focus on internal controls. Olijar says while the current controls do work, watching the current process is like watching Frankenstein dance.

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