Showing 12 ideas for tag "end of year"
kudos icon +

Legislative Branch

Eliminate End of Year Spending

Eliminate End of year spending. Allow money to cross fiscal years. This would eliminate the need to do new Purchase orders every October 1 for contracts from the previous years. If money can flow across the FY then it has the ability to save the government time, money and energy. There should be an incentive to return any unused portion of an agencies budget to the treasury.

Voting

160 likes
Active
kudos icon +

Department of the Interior

Stop penalizing agencies for not spending all their FY money

At the end of the fiscal year, agencies that have carryover money are put in a position to spend that money or lose it in future budget cycles. Why not reward agencies for saving money at the years end by ensuring they get the same amount or more in the next budget cycle? Or through some other means of reward where they are not penalized in the next budget cycle for their fiscal responsibility? There is so much government... more »

Voting

142 likes
Active
kudos icon +

EXOP - Office of Management and Budget

AUTHORIZE OFFICE BUDGET CARRYOVER TO FOLLOW ON YEARS

EVERY YEAR IT IS COMMON PRACTICE TO SPEND DOWN ALLOCATED BUDGETS IN ORDER TO RECEIVE THE SAME OR MORE FOR THE FOLLOWING YEAR. THIS CAN BE WASTEFUL BECAUSE THE PERCEPTIONS ARE THAT IF YOU DON'T USE IT, YOUR BUDGET WILL BE REDUCED THE NEXT YEAR. MOST OF THE TIME, THOSE REMAINING DOLLARS ARE SIMPLY BLOWN ON UNNECESSARY ITEMS, TRAINING AND NICE TO HAVE SUPPLIES WHICH COULD OTHERWISE FALL INTO THE WASTE, FRAUD AND ABUSE CATEGORY.... more »

Voting

7 likes
Active
kudos icon +

Department of the Interior

Avoid end of year spending sprees

At the end of each fiscal year our agency and many others have a surplus of money for various justifiable reasons. I propose to create an incentive based on rewarding agencies returning all unobligated money, money that does not need to be spent for the purpose of balancing the budget, wish lists, unused or surplus project money, money given through poor planning, cancellations, overbids, or any operating money not committed.... more »

Voting

17 likes
Active
kudos icon +

Department of Defense

End of Year Funding

Every project initiation assumes some sort of risk, at the cost of budgeted funding up front. Through the life of that project, you either spend that funding to mitigate those risks, or get lucky and avert the risk at less cost than expected. This left over funding should not be looked at as a requirement to be spent, or else the program will not get as much funding the next year. There should be an incentive to spend... more »

Voting

5 likes
Active
kudos icon +

Department of Defense

Eliminating expiration dates on funding, reduce funding types

A lot of funding appears to be spent less wisely at the end of the fiscal year when the funds are expiring. Recommend changing the funding types (SCN, OM&N, OPN, etc.) to two types of funding. The two types of funding would be government billets funding and programs and projects funding with unlimited expiration dates for both. This will eliminate the need to spend “end of year” funding just because it is expiring.... more »

Voting

9 likes
Active
kudos icon +

Department of Veterans Affairs

Eliminate (perceived) penalty to return unused budget dollars

Fear that not using our full allocated budget dollars will mean a decrease in funds the next fiscal year; there is a push for unnecessary or non critical spending days before deadline. On the contrary, there should be incentives to return unused portions.

Voting

9 likes
Active
kudos icon +

Department of Defense

End of QTR/Year spending

There have been some similar posts, but I am specifically suggesting a stop to the military closeout spending.
At the end of every quarter there is a demand to spend every cent available whether we need supplies or not. The justification is that we'll get our funds cut next year if we don't use them this year. This is the kind of thinking that has us where we are.
My suggestion is to make the justification process... more »

Voting

6 likes
Active
kudos icon +

Department of Defense

Incentive to Spend

I work in contracting and it is very clear to me and everyone I've talked to that there is an incentive to spend all the money given, not save it. It's called End of Fiscal Year Spending. If you don't use it, you lose it. This is a problem with the way the budgets are created and dispersed. Any money that you do not spend, money you save, many times gets taken away from next year's budget. This is what has people... more »

Voting

4 likes
Active