Understanding the Continuing Resolution

My colleague, Carl Moravitz, used to be the budget director for several major federal agencies.  He pulled together a brief slide deck explaining what the Continuing Resolution means.  Agencies face significant uncertainty, and it may not end when the current Continuing Resolution expires on March 4th.

Here's Carl's explanation.

What We Know Now: Ensuring Success for the Government's Financial Systems

Debra Cammer HinesImproving the cost, quality, and performance of financial management operations and systems is one of the Obama’s administration’s top management priorities. While the financial management community has made significant progress over the years, it continues to face challenges in meeting some of the basic standards for accounting and reporting.

Re-Thinking the CFO Act

I originally had my doubts about the statutory provision in the stimulus bill that created something called the Recovery Accountability and Transparency Board.  I was concerned that it was going to be a huge “gotcha” machine.  But it looks like its chairman, Earl Devaney, has created the foundation for modernizing the CFO Act of 1990 in the way he created a website tracking Recovery Act spending, Recovery.gov.

Rethinking Financial Reporting

The experience of implementing the Recovery Act’s financial reporting website sent a message to the financial management community in Washington.  OMB controller Danny Werfel tells the story of how the web version of the 2009 financial statement of one large agency (that has more than 400 financial management staff) only had 400 visits.  This contrast

FY 2009 Financial and Performance Reports

If a tree falls in a forest, did it make a sound?

The November 15th release of federal department and agency annual performance and accountability reports went largely un-noticed. Not a mention in the New York Times, Wall Street Journal or Washington Post (even its Federal Page).

What We Know Now: A Look into Lessons Learned Implementing Federal Financial Systems Projects

While the financial management community has made significant progress over the years, it continues to face challenges in meeting some of the basic standards for accounting and reporting. Many agencies currently use outdated financial systems that do not support their efforts to improve financial performance and accountability. Efforts made to improve financial systems through upgrades or replacement of current financial systems must be undertaken with planning and care.

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