Showing 2 ideas for tag "spend down"
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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 »

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Department of Defense

Eliminate end of contract spend down

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 »

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