Showing 5 ideas for tag "end of year"

Department of Defense

End of Year Funding

Community Member kudos icon + Community member
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 »

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Department of Defense

Eliminating expiration dates on funding, reduce funding types

Community Member kudos icon + Community member
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 »

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Department of Defense

End of QTR/Year spending

Community Member kudos icon + Community member
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 »

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Department of Defense

Incentive to Spend

Community Member kudos icon + Community member
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 »

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