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Federal Capital: Three Entities Implementation of Capital Planning Principles Is Mixed: GAO-07-274
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ISBN10: 1287165907
ISBN13: 9781287165903
Publisher: Bibliogov
Published: May 16 2013
Pages: 70
Weight: 0.31
Height: 0.15 Width: 7.44 Depth: 9.69
Language: English
ISBN13: 9781287165903
Publisher: Bibliogov
Published: May 16 2013
Pages: 70
Weight: 0.31
Height: 0.15 Width: 7.44 Depth: 9.69
Language: English
In fiscal year 2005, the federal government spent nearly $117 billion on capital investments intended to yield long-term benefits for its operations. Effective capital planning ensures that the sizable investments made by federal agencies result in the most efficient return to taxpayers. Accordingly, GAO evaluated (1) how well selected entities followed the planning phase principles of GAO's Executive Guide and the Office of Management and Budget's (OMB) Capital Programming Guide, (2) OMB's actions to encourage all agencies to conform with capital planning principles, and (3) what capital planning information is received by or would be useful to congressional decision makers. Based on missions, asset types, and capital spending, we selected three entities to review within the Departments of Energy (DOE) and Homeland Security (DHS).
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