(Seminoe Reservoir Specific)
0 messages
Updated
Lakes Online Forum
83,647 messages
Updated 6/3/2024 8:27:48 AM
Lakes Online Forum
5,195 messages
Updated 5/31/2024 4:36:53 AM
(Seminoe Reservoir Specific)
0 messages
Updated
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,261 messages
Updated 5/28/2024 6:31:10 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
Barneget
- 
|
|
Subject:
|
And the Left agrees with me...........
|
|
Date:
|
12/28/2010 10:11:29 PM
|
|
Accounting Today reports that an agency of the central gummint (The U.S. Government Accountability Office) finally published conclusions long obvious to producers, and maybe even parasites with a tilt toward reality. Of course, this news took a back seat to the USA/Gallup popularity contests dominating the front pages. With that qualifier, this will be "breaking news" for GF, some DoD retirees, and the occasional heavily medicated metro ATL architect. Can't wait to hear how central planning and execution is so beneficial considering that roughly 9% of total dollars expended are unaccounted for among just 3 agencies. My thoughts are if they can't account for it, they don't need it. The leaders of our unelected bureaucracy should immediately implement the following two step process --
1) Slash the responsible department managers, then slash the unaccounted for dollars from the departments budget.
2) Repeat as necessary
I just reflected on a past reply by a fed retiree telling me again how beneficial it is for a small business owner to fill out extra forms for the feds, as it could beneficially provide the business owner some needed insight. I'm guessing that working all that time in those granite buildings helps those folks feel pretty good chunking rocks at the unwashed masses generating revenue to local, state, and federal governments.
GAO Sees Problems in Government’s Financial Management
Washington, D.C. (December 27, 2010)
By Accounting Today Staff
The U.S. Government Accountability Office said it could not render an opinion on the 2010 consolidated financial statements of the federal government, because of widespread material internal control weaknesses, significant uncertainties, and other limitations.
Gene Dodaro
“Even though significant progress has been made since the enactment of key financial management reforms in the 1990s, our report on the U.S. government's consolidated financial statement illustrates that much work remains to be done to improve federal financial management,” Acting Comptroller General Gene Dodaro said in a statement. “Shortcomings in three areas again prevented us from expressing an opinion on the accrual-based financial statements.”
The main obstacles to a GAO opinion were: (1) serious financial management problems at the Department of Defense that made its financial statements unauditable, (2) the federal government’s inability to adequately account for and reconcile intragovernmental activity and balances between federal agencies, and (3) the federal government’s ineffective process for preparing the consolidated financial statements.
In addition, the GAO said last week it was unable to render an opinion on the 2010 Statement of Social Insurance because of significant uncertainties, primarily related to the achievement of projected reductions in Medicare cost growth. The consolidated financial statements discuss these uncertainties, which relate to reductions in physician payment rates and to productivity improvements, and provide an illustrative alternative projection to illustrate the uncertainties.
Dodaro also cited material weaknesses involving an estimated $125.4 billion in improper payments, information security across government, and tax collection activities. He noted that three major agencies — the DOD, the Department of Homeland Security, and the Department of Labor — did not get clean opinions. Nineteen of 24 major agencies did get clean opinions on all their statements.
“Given the federal government’s fiscal challenges, it’s imperative that Congress, the administration, and federal managers have reliable, useful, and timely financial and performance information,” Dodaro said. “Improved accuracy and transparency in financial reporting are urgently needed.”
URL: Truth hurts
|
|
Reply
Back
Search
Off-Topic Forum
»
Wyoming Lakes
»
Seminoe Reservoir
Login
|
Home
