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OMB Seeks Federal Awards ID System to Track Spending

BudgetThe Office of Budget and Management has set a deadline for federal agencies to setup digital platforms that would work to promote accuracy in management of financial records on the USASpending.gov website, FCW reported Wednesday.

Adam Mazmanian writes the move follows a congressional review of the Digital Accountability and Transparency Act of 2013, which seeks to monitor cash flows for procurements.

OMB expects to agencies to provide unique federal award identification numbers by October this year for tracking activities and data at USASpending.gov should be validated by Nov. 15, 2014.

Manzmanian reports the DATA Act seeks to help the government to trace and differentiate spending of departments and state organizations on projects, programs and human resources.

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