Ways to encourage saving money from being spent at end of contract or end of fiscal year: 1. Allow for contract extensions based on funds remaining. This will encourage the funds to be used as intended rather than wasted uselessly. 2. Financial incentives for funds saved at end of contract. Similar to bonus policies in some private corporations: pay out a percentage of the money saved (with a reasonable cap) to all employees... more »
Many times the suggestion has been made to stop the end-of-year spending to use up money left in the budget, and to put this money back in the "pot" or apply it to the next year's budget. This suggestion would save MILLIONS - not the paltry amount saved by stopping mailing of a publication. Are you really listening to our ideas or just pacifying us by making us think you really care about wasteful spending?
Every end of the fiscal year, federal agencies rush to spend any leftover money to ensure they at least have the same budget the next year. Basically, there is a strong incentive to spend as much money as possible, resulting in terribly wasteful spending. I propose several measures be implemented to incentivize saving budget money: 1. Make sure that any established ceiling is not lowered simply due to a lack of spending.... more »
Instead of punishing Agencies for giving back money at the end of the budget year, reward them. Currently, there is no incentive for an Agency to give money back at the end of the year. Every year there is a mass spending (a lot of times on items that are not currently needed) just so we don't give money back. This is done because currently if you do give money back then the next year's budget is almost always cut... more »