Posts Tagged: budgeting

Blue bird on speech bubble

Empowering Citizens with Money and Social Media

The White House’s Open Government initiative encourages citizens to become more actively engaged in budget decisions in their communities. How does this work in practice? Do busy citizens actually get involved? Inspired by successful efforts in Brazil and other countries around the world, several U.S. communities have undertaken pilot efforts to allow citizens to directly… Read more »

Clean Water: Taking Our Most Vital Resource from Scarcity to Millions

A coffee, a run, meditation…. We all need one thing to get our brains working early in the morning. For me, it’s a long, scalding hot shower. But as a native of California, which is experiencing one of the most severe droughts in the state’s history, my long morning shower is a thing of the… Read more »

Top Hurdles of Spend Analytics

With the stagnant economy, cost control has become the new mantra of every business. Businesses are deploying various strategies to contain costs and maintain profitability. Amongst such strategies is control and visibility into spending with external suppliers. Spend analytics is the process of aggregating, cleansing, and analyzing corporate spending data for the purpose of reducing… Read more »

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What Exactly are “Improper Payments”?

Improper payments are always an area of concern for the federal government. These include overpayments, underpayments, payments made to ineligible recipients, or even payments that weren’t properly documented. While fraudulent payments are considered improper, not all improper payments are the result of fraud. For example, improper payments can be a result of mismanagement, errors, or… Read more »

Technology in the hands

Open Source First

It was great to see the recent blog of US General Services Administration (GSA) CIO Sonny Hashmi in which he establishes “open source first” as an agency policy: “Simply put, any solution developed using taxpayer dollars should be in the taxpayer’s domain (open source). At GSA, we believe that all code we developed should be… Read more »

5 Dos and Don’ts of Priority or Outcome-Based Budgeting

Performance-based budgeting or budgeting for outcomes (BFO) has taken center stage and not in the best light. Earlier this summer, the Department of Veterans Affairs (VA) introduced the world to BFO — the idea of linking spending to performance — and showed how unrealistic goals, inadequately managed performance measurement systems and improperly used, inaccurate data… Read more »

Media concept

TSP Talk Weekly Wrap Up

Stocks had to endure a Fed policy statement and the July jobs report this past week and the result was 2% or more declines in the indices. Neither seemed to be the direct culprit of the selling, but rather the combination of geopolitical events and weakness in Europe seemed to finally take its toll on… Read more »