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Grants Management in the 21st Century: Three Innovative Policy Responses

Submitted by on Thu, 03/12/2009 - 20:00

This report describes how the federal grant system has come under increased stress in recent years. In an effort to modernize the grant system, the report analyzes three recent reform initiatives in the area of grant management: performance partnerships, Grants.gov., and extensive waiver authority. The report explores the potential of each to mitigate some of the challenges facing grants management and design. The report concludes with a series of recommendations to improve federal grants management. Financial Management

Federal Credit Programs: Managing Risk in the Information Age

Submitted by on Thu, 03/12/2009 - 20:00

This report highlights the fundamental tensions that federal credit programs face between doing good and doing well. On the one hand, the government provides support through loans and loan guarantees to borrowers who are not considered adequately served by commercial credit markets. On the other hand, the government cannot afford to lose large amounts of money by paying for an unacceptable number of defaults on federal loans.

Audited Financial Statements: Getting and Sustaining "Clean" Opinions

Submitted by on Thu, 03/12/2009 - 20:00

This report examines how organizational factors and management strategies have affected the ability of federal agencies to generate reliable information for financial statements and achieve unqualified audit opinions. By indentifying successful management strategies, this study offers recommendations about how agencies can better approach the recurring requirements to produce annual audited financial statements. Financial Management

Credit Scoring and Loan Scoring: Tools for Improved Management of Federal Credit Programs

Submitted by on Thu, 03/12/2009 - 20:00

The federal government currently administers loan and loan guarantee programs that amount to about $1 trillion of credit outstanding. Credit scoring and loan scoring offer the opportunity for federal credit agencies to devise scoring-based database management systems for a broad range of purposes. When applied to federal direct loans and guarantees, scoring may help some federal credit agencies to improve credit management as well as the implementation of public purposes related to their programs. Financial Management

Efficiency Counts: Developing the Capacity to Manage Costs at the Air Force Material Command

Submitted by on Thu, 03/12/2009 - 20:00

This report presents research on the Air Force Materiel Command’s experience in which a significant, if partial, transformation of expenditure planning and financial management rules and routines occurred within a period of fewer than three years. Financial ManagementOrganizational Transformation

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