Transition Series: Financial Management Issues

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

1563 new people
132 new organizations
575 new photos
1986 job history records for people in our database
516 education records for people in our database
1689 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
8 new people through the revolving door
103 new policy reports
16 new trips to our privately funded travel database
330 new personal financial disclosures
9310 new press releases
12 new town halls
19 new hearings

Caught Our Eye Rss

Native American underrepresentation in Congress will continue in 2025

by Heavyn Lester on 11/04/2024
Civil rights leads the fastest growing issues in 2024

by Caleb Mynatt on 10/28/2024
Oil trade group picks up Senate staffer

by Heavyn Lester on 10/23/2024
CVS lobbyist returns to the Hill

by Heavyn Lester on 10/22/2024
Republican lobbying firms outpace Democratic firms

by Heavyn Lester on 10/21/2024

» More from Caught Our Eye

Follow @LegiStorm

LegiStorm adds House Q2 salaries and expenses

2024-09-05
Latest Senate salary and expense records published

2024-06-10
LegiStorm adds House Q1 salaries and expenses

2024-06-05
LegiStorm adds Q4 salary analytics and turnover data

2024-03-14

» More from our DevBlog

Healthcare: Monthly people moves

by Axios on 11/01/2024
An exodus of top staffers from Yadira Caraveo’s congressional office

by The Colorado Sun on 10/15/2024
Yadira Caraveo has among the highest staff turnover rates in Congress

by The Colorado Sun on 10/15/2024
'I'm advocating Christian nationalism': Josh Hawley's ties to Project 2025 exposed

by Raw Story on 10/15/2024

Premium Download PDF Now (38 pages)

Report Type	Reports and Testimonies
Report Date	Nov. 1, 1988
Report No.	OCG-89-7TR
Subject	Accounting procedures Budget deficit Deficit reduction Financial management systems Internal controls Presidential transition Gramm-Rudman Transition Series 1988 Budget activities Budget administration

Summary:

GAO summarized the key elements of financial management reform facing the new administration and Congress.

GAO found that the new administration will need to: (1) restructure the budget to include capital and operating subtotals for general, trust, and enterprise activities; (2) reformulate deficit reduction targets with the revised budget structure; (3) develop a biennial budgeting approach on macro budget levels with legislative and executive branch agreement to streamline the budget; (4) establish a chief financial officer to provide central leadership, policy direction, and oversight for federal financial management; (5) maintain effective internal controls among all government programs and operations; and (6) give greater attention to auditing accounting systems, financial data, and internal controls to assist inspector general efforts to prevent and detect fraud, waste, and abuse.

« Return to search Government Accountability Office reports

Weekly Updates

Caught Our Eye Rss

Social Media

DevBlog Rss

In the News

Transition Series: Financial Management Issues