Showing 3 ideas for tag "end of year savings"

Department of the Treasury

Contractor Savings Over Months and years

Issue: Break in service to Agency / due to delay in approval Background: There is more than anecdotal evidence that delays of re-upping Task Orders is due to: - COTR Challenges - Errors w/ Paperwork Submissions - Budget Processing - Agency Confirming need Solution: For existing contractors that have contracted with an agency, that are not complete with their support, the approval should be streamlined for additional... more »

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Department of Homeland Security

Eliminate Spend Down

I have seen a lot of entries here calling for a stop to spending down at the end of the fiscal year. However, this is not just an end of year problem but a quarterly one as well. I work on the financial end of this organization and every quarter we are told to be near a certain amount spent or else. The notion of use it or lose with our money is a terrible way of treating our units. Instead of punishment for not spending... more »

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Office of Personnel Management

Create a lump, discretionary fund from EOY budget cuts

True savings will come from the bottom up, however those savings will be irrelevant if Agency managers are forced to make unnecessary purchases at the end of the year on a use or lose budget. This theory isn’t new, it’s basic economics --- No manager wants to cut their own budget just to risk penalization for being over budget the following year. Perhaps the most economical way to manage this is to put ALL savings... more »

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