Financial Management: Implementation of the Cash Management Improvement Act

Weekly Updates

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

376 new people
171 new organizations
408 new photos
1234 job history records for people in our database
653 education records for people in our database
1467 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
3 new people through the revolving door
109 new policy reports
43 new trips to our privately funded travel database
629 new personal financial disclosures
15148 new press releases
11 new town halls
25 new hearings

Caught Our Eye Rss

Former state sen. joins conservative immigration group

by Heavyn Lester on 09/17/2024
Some representatives are burning through their budgets

by Heavyn Lester on 09/16/2024
Burlison hires foul-mouthed comms specialist

by Andy Gottlieb on 09/13/2024
Lobbyist returns to Senate as chief of staff

by Heavyn Lester on 09/12/2024
Financial disclosures missing from four reps

by Heavyn Lester on 09/09/2024

» 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

Lobbyists exploit massive loophole to wine and dine lawmakers, aides at fancy getaways

by Politico on 09/22/2024
Vulnerable Dem senator who touts record 'fighting' lobbyists has long history of hiring them

by Fox News on 09/18/2024
Kamala Harris ran her office like a prosecutor. Not everyone liked that.

by The Washingon Post on 09/09/2024
Letter: Van Ostern’s recent flyer

by Concord Monitor on 08/29/2024

Premium Download PDF Now (22 pages)

Report Type	Reports and Testimonies
Report Date	Jan. 8, 1996
Report No.	AIMD-96-4
Subject	Debt Budget obligations Cash management Electronic funds transfer Federal aid to states Interest rates Intergovernmental fiscal relations Reporting requirements State-administered programs Supplemental security income California Colorado District of Columbia Florida Food Stamp Program Georgia HHS Child Support Enforcement Program Auditing procedures

Summary:

The Cash Management Improvement Act seeks to promote equity in the exchange of funds between the federal government and the states. This legislation was enacted in response to allegations that states either drew cash advances well before federal funds were needed to make payments or used their own funds to satisfy federal program needs and were not reimbursed promptly by federal agencies. GAO found that the act has heightened awareness of cash management at both the state and federal levels. The Treasury Department, federal agencies, and the states have made substantial progress in implementing the act. By revising the act's regulations to streamline the process and by emphasizing the results of single audits as a way to oversee state activities and enforce the act's requirements, the Treasury's Financial Management Service should be able to improve the act's effectiveness and help alleviate any concerns about administrative burden.

« Return to search Government Accountability Office reports

Weekly Updates

Caught Our Eye Rss

Social Media

DevBlog Rss

In the News

Financial Management: Implementation of the Cash Management Improvement Act