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Return to Article: Report: Security agency needs better financial management

• 19814
  

  Every federal agency has a problem controlling its financial processes! The financial function of the government should be combined into a single operation that handles all accounting and cash management for the government and no agency should have control of its finances or accounting. The agencies should be focused on performing operations to achieve the desires of Congress and the financial operation should be centralized and independent of every agency. The central agency would be responsible for establishing the accounting standards for all items and a report based on a uniform general ledger that it defines and maintains, which would relieve Treasury of this function. However, the Treasury still would be responsible for issuing debt and controlling tax and loan accounts at banks, as well as running the Internal Revenue Service and collecting tariffs through the customs department. Also, the Treasury would be responsible for the minting of coins and the printing of currency. The Defense Finance and Accounting Service would provide the beginnings for this independent agency.

  Finally, there should be a centralized purchasing agent for government supplies, furniture, equipment and real property of a general nature. This would exclude defense weapons systems, NASA equipment and rockets, and other specialized goods. However, it would include all desks, chairs, lighting fixtures, carpets, modules, computers, printers, supplies (paper, pens, folders, printing materials), copy machines, safes, software, drugs, other medical supplies, fuels, office space, hospital space, housing, and right of ways, real property, etc. However, the finance group above would handle all concessions, out leasing or subleasing, timber rights sales, sales of excess equipment, etc.

  Only this division of control of funds, contracting and goods purchases would provide the federal government with the internal control it needs to avoid waste, fraud and abuse.

  Taxpayer Posted November 28, 2006 8:50 AM
• 19807
  

  Has anyone recognized that ICE has been a financial nightmare from the beginning? And yet, that nightmare continues! Congress, get off of your high horse and admit you made a mistake with DHS.

  ICED!!! Posted November 27, 2006 9:05 PM