FEDERAL FUNDING AND SPENDING
This section proves information on the Federal Government’s funding and budget process and cycle. The information and website links gives you specific insight and visibility into:
- Where the specific Federal Agencies spend IT Funds.
- How money is appropriated for Federal Agencies.*
- Who spends money on what capabilities and services.
- The overall budget process and cycle.
*Note: Not all Agencies will be represented in this section due to how those other Agencies are actually funded.
All links will open to an external site or pdf
Government IT Dashboard
The IT Dashboard was launched on June 1, 2009, to provide Federal agencies and the public with the ability to view details of Federal information technology (IT) investments online and to track their progress over time. The IT Dashboard displays data received from agency IT Portfolio and Business Case reports, including general information on over 7,000 Federal IT investments and detailed data for over 700 of those investments that agencies classify as “major.”
US Government Spending
The Federal Funding Accountability and Transparency Act of 2006 (FFATA) was signed into law on September 26, 2006 and mandated the creation of a publicly available, searchable website that would provide the American public access to information on entities and organizations receiving federal funds. USAspending.gov went live in 2007 with data on prime recipient transactions. In 2008, the Government Funding and Transparency Act amended FFATA to include the reporting of sub-awards transactions by the prime recipients.
Federal Budget Process - How does the US Government Budget process work?
- The President submits a budget request to Congress
- The House and Senate pass budget resolutions
- House and Senate Appropriations subcommittees “markup” appropriations bills
- The House and Senate vote on appropriations bills and reconcile differences
- The President signs each appropriations bill and the budget becomes law
Office of Management and Budget
The Office of Management and Budget oversees the performance of federal agencies, and administers the federal budget.
OMB carries out its mission through five critical processes that are essential to the President’s ability to plan and implement his priorities across the Executive Branch:
- Budget development and execution.
- Management, including oversight of agency performance, human capital, Federal procurement, financial management, and information technology.
- Regulatory policy, including coordination and review of all significant Federal regulations by executive agencies.
- Legislative clearance and coordination.
- Executive Orders and Presidential Memoranda.
Government Accounting Office
The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for Congress. Often called the “congressional watchdog,” GAO investigates how the federal government spends taxpayer dollars.