Information Technology: SBA Needs to Strengthen Oversight of Its Loan Management and Accounting System Modernization.
GAO-12-295, January 25.
http://www.gao.gov/products/GAO-12-295
Highlights - http://www.gao.gov/assets/590/587936.pdf
Information Technology: SBA Needs to Strengthen Oversight of Its Loan Management and Accounting System Modernization by David Powner, director, information technology, before the House Committee on Small Business.
GAO-12-395T, February 8.
http://www.gao.gov/products/GAO-12-395T
Showing posts with label Credit Management. Show all posts
Showing posts with label Credit Management. Show all posts
Thursday, February 09, 2012
Wednesday, September 21, 2011
Living With Continuing Resolutions
Continuing resolutions (CRs) are here to stay. Although administrators fear CRs might wreak havoc with agency programs and budget plans, administrators can prepare for CRs to minimize disruption and normalize operations.
The U.S. Constitution requires Congress to pass appropriations bills before federal agencies can spend government monies. The congressional budget process aims to pass these bills before the start of each fiscal year. However,
Congress has not always been able to pass regular appropriations bills on time, and thus developed a temporary appropriation, called a continuing resolution (CR), to fund agencies until their regular appropriations bills are passed.
Congress attempted to address its inability to pass annual appropriations bills on time by changing the start of the federal fiscal year, from July 1 to October 1, in the 1974 Congressional Budget and Impoundment Control Act.
The plan worked—for one year. Congress has passed all appropriations bills before October 1 only three times in the 34 years from 1978 to 2011.
-Thad Juszak, ThePublicManager.org
READ MORE...
The U.S. Constitution requires Congress to pass appropriations bills before federal agencies can spend government monies. The congressional budget process aims to pass these bills before the start of each fiscal year. However,
Congress has not always been able to pass regular appropriations bills on time, and thus developed a temporary appropriation, called a continuing resolution (CR), to fund agencies until their regular appropriations bills are passed.
Congress attempted to address its inability to pass annual appropriations bills on time by changing the start of the federal fiscal year, from July 1 to October 1, in the 1974 Congressional Budget and Impoundment Control Act.
The plan worked—for one year. Congress has passed all appropriations bills before October 1 only three times in the 34 years from 1978 to 2011.
-Thad Juszak, ThePublicManager.org
READ MORE...
Tuesday, July 31, 2007
PMA Scorecard FY2007 Q3 Released
The latest President’s Management Agenda (PMA) Scorecard released today by the Office of Management and Budget (OMB) included two new areas where selected agencies will be assessed—the Improved Credit Management Initiative and the Health Information Quality and Transparency Initiative.
Through the Improved Credit Management Initiative, agencies will strengthen how they award and service Federal loans, manage their portfolios, and collect debt. The Federal Government is one of the world’s largest lenders. It had $251 billion in direct loans outstanding and over $1.1 trillion in loan guarantees as of the end of fiscal year 2006. This initiative is supported by the Federal Credit Council, consisting of representatives from the Departments of Agriculture, Education, Housing and Urban Development, Treasury, and Veterans Affairs, and the Small Business Administration.
Overall, agencies’ performance in implementing the President’s Management Agenda this quarter was uneven with 13 downgrades and 9 upgrades in status.
The latest scorecard can be found at: http://www.whitehouse.gov/results/agenda/fy07q3_scorecard.pdf.
Through the Improved Credit Management Initiative, agencies will strengthen how they award and service Federal loans, manage their portfolios, and collect debt. The Federal Government is one of the world’s largest lenders. It had $251 billion in direct loans outstanding and over $1.1 trillion in loan guarantees as of the end of fiscal year 2006. This initiative is supported by the Federal Credit Council, consisting of representatives from the Departments of Agriculture, Education, Housing and Urban Development, Treasury, and Veterans Affairs, and the Small Business Administration.
Overall, agencies’ performance in implementing the President’s Management Agenda this quarter was uneven with 13 downgrades and 9 upgrades in status.
The latest scorecard can be found at: http://www.whitehouse.gov/results/agenda/fy07q3_scorecard.pdf.
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