U S Government Accountability Office: Grants Management: Action Needed to Improve the Timeliness of Grant Closeouts by Federal Agencies: Report to Congressional Requesters.
Description
" In 2008, GAO reported that about $1 billion in undisbursed funding remained in expired grant accounts in the largest civilian payment system for grants, PMS, operated by the Department of Health and Human Services' Program Support Center. GAO was asked to update its 2008 analysis evaluating: (1) the amount of undisbursed funding remaining in expired grant accounts, including the amounts that have remained unspent for at least 5 years or more and for 10 years or more; (2) issues raised by GAO and federal inspectors general related to timely grant closeout by federal agencies; and (3) actions OMB and agencies have taken to track undisbursed balances in grants eligible for closeout. To do this, GAO analyzed data from two federal payment systems disbursing 79 percent of all civilian federal grant awards-PMS and the ASAP system, which is operated jointly by the Department of the Treasury and the Federal Reserve Bank of Richmond. In addition, GAO also reviewed audit reports that it and federal inspectors general issued; relevant OMB circulars and guidance; and performance reports from federal agencies. "
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Author: U S Government Accountability Office
Number of Pages: 60 pages
Published Date: 03 Aug 2017
Publisher: On Demand Publishing, LLC-Create Space
Publication Country: none
Language: English
ISBN: 9781974194407
Download Link: Click Here
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