Tag Archives: working capital fund

DoD’s FY 2020 Financial Audit Reports 530 Resolved Issues; David Norquist Quoted

David Norquist

The Department of Defense's (DoD) fiscal year 2020 audit of financial statements has found that its organizations resolved 530 findings from the FY 2019 audit and addressed challenges despite COVID-19 disruptions. Four audits are currently in progress and are slated to conclude between Dec. 15, 2020, and March 25, 2021.

Read More »

Seven Federal Agencies Respond to Sen. Maggie Hassan’s IT Modernization Inquiry

Sen. Maggie Hassan

Sen. Maggie Hassan (D-N.H.) asked 10 federal agencies in June about their efforts to modernize their legacy information technology systems and seven of those agencies responded. The Department of Defense (DoD), Small Business Administration (SBA) and the Social Security Administration (SSA) said they developed updated IT platforms. 

Read More »

Admin Officials on Agencies’ Individual Working Capital Funds for IT Upgrades

blank

The Modernizing Government Technology Act passed in 2017 requires federal agencies to come up with internal working capital funds to support information technology modernization initiatives and administration officials said agencies are having difficulty establishing those funds, Nextgov reported Wednesday.

Read More »

DISA’s Contracting Arm to Reduce IT, Telecom Acquisition Service Fee in October

blank

The Defense Information Systems Agency’s contracting arm will reduce the fee it charges to clients for enterprise procurement services by start of fiscal year 2020. DISA said Monday that the Defense Information Technology Contracting Organization will implement a 2.25 percent contracting fee for IT and telecommunication services starting Oct. 1, down from 2.5 percent.

Read More »

Lisa Hershman: DoD Eyes Category Management, Logistics to Find Savings in FY 2019

blank

Lisa Hershman, acting chief management officer of the Department of Defense, told Defense News in an interview published Friday that DoD is focusing on five key initiatives to find greater savings in fiscal year 2019. Those programs are category management; information technology and business systems; procurement of goods and services in a different manner; health care management; and logistics and supply chain acquisition.
 

Read More »

Lawmakers Urge Sens. Ron Johnson, Claire McCaskill to Mark Up Federal IT Modernization Bill

blank

Four senators have asked Senate Homeland Security and Governmental Affairs Committee Chairman Ron Johnson (R-Wisconsin) and Sen. Claire McCaskill (D-Missouri), the committee’s ranking member, to mark up a bipartisan bill that would allow federal agencies to establish their own working capital funds to upgrade their information technology systems. The lawmakers …

Read More »

House OKs Modernizing Government Technology Act

blank

The House on Wednesday passed by a voice vote a bipartisan bill that would authorize federal agencies to create their own working capital funds to update their information technology systems, Nextgov reported Wednesday. Rep. Will Hurd (R-Texas) and other lawmakers introduced on April 28 the Modernizing Government Technology Act that would …

Read More »