Showing 3 ideas for tag "fy spending"

Department of Defense

End of Fiscal Year spending

Every year Agencies in the federal Government and subordinate departments are issued a fiscal year budget. When the FY is nearing its end, these agencies look for ways to spend the excess monies. If they do not, their budget for the next FY will be affected negatively.

At the end of each FY, most offices look for way to spend just to balance the books and get the same amount of money for the next FY.

If at the... more »

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Department of Defense

Wasteful spending - "Use it or Lose it" mentality

As the debt ceiling date of Aug 2nd approaches, Congress and head officials are arguing over how to resolve the crisis. At the same time, across the federal government employees are gearing up for the end of the fiscal year with their money burning holes in their pockets. Supervisors are walking around the office trying to come up with ideas on how to spend money, from travel to new paintings to spice up their offices.... more »

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Social Security Administration

Resource Accounting Reform and Expansion

In the office of systems we're required to account for our entire day by reporting to a system called Resource Accounting. It took us all a while, but we're starting to see the benefit of this accounting when it comes to project resourcing and estimating, as well as tracking who is doing work on a given project, and staying within the resource budget. However, we're the only office doing this. The sponsoring components... more »

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