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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Book Description
The General Services Administration (GSA) awarded a contract for a Governmentwide Commercial Credit Card Service to Rocky Mountain BankCard System, Inc. (RMBCS). The contract provides, at the request of Federal ordering agencies, Governmentwide commercial purchase cards and associated services for civilian and military Government employees to make purchases for official Government use. The policy of NRaD is to use the Governmentwide Commercial Purchase Card for purchases under $2,500. The Purchase Branch, Code 02221, shall manage the Governmentwide Commercial Purchase Card Service on all operating units to ensure that all transactions comply with these procedures, NAVSUPINST 4200.91 series, and any other applicable internal regulations. Under the Acquisition Reform Act of 1994, a micro-purchase is an acquisition of commercially- available supplies, the aggregate amount of which does not exceed $2,500. Providing the Governmentwide Commercial Purchase Card to agencies simplifies the small purchasing process and improves cash management practices. The Credit Card achieves this in the following ways: * Within existing Federal Acquisition Regulations (FAR), streamlines payment procedures and reduces administrative costs for acquisition of supplies under $2,500. NRaD limitation per transaction is $2,500. * Improves Government cash management practices (e.g., forecasting, consolidating payments, reducing imprest fund, etc.). * Provides procedural checks and feedback to improve management controls and decision making.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Book Description
The General Services Administration (GSA) awarded a contract for a Governmentwide Commercial Credit Card Service to Rocky Mountain BankCard System, Inc. (RMBCS). The contract provides, at the request of Federal ordering agencies, Governmentwide commercial purchase cards and associated services for civilian and military Government employees to make purchases for official Government use. The policy of NRaD is to use the Governmentwide Commercial Purchase Card for purchases under $2,500. The Purchase Branch, Code 02221, shall manage the Governmentwide Commercial Purchase Card Service on all operating units to ensure that all transactions comply with these procedures, NAVSUPINST 4200.91 series, and any other applicable internal regulations. Under the Acquisition Reform Act of 1994, a micro-purchase is an acquisition of commercially- available supplies, the aggregate amount of which does not exceed $2,500. Providing the Governmentwide Commercial Purchase Card to agencies simplifies the small purchasing process and improves cash management practices. The Credit Card achieves this in the following ways: * Within existing Federal Acquisition Regulations (FAR), streamlines payment procedures and reduces administrative costs for acquisition of supplies under $2,500. NRaD limitation per transaction is $2,500. * Improves Government cash management practices (e.g., forecasting, consolidating payments, reducing imprest fund, etc.). * Provides procedural checks and feedback to improve management controls and decision making.
Author: United States. Congress. Senate. Committee on Governmental Affairs
Publisher:
ISBN:
Category : Bank credit cards
Languages : en
Pages : 176
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Book Description
Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289113995
Category :
Languages : en
Pages : 64
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Book Description
The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 84
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Book Description
Author: Gregory D. Kutz
Publisher: DIANE Publishing
ISBN: 9780756731625
Category : Business & Economics
Languages : en
Pages : 86
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Book Description
The DoD is promoting departmentwide use of purchase cards (PC) for obtaining goods and services. PC are used exclusively for gov't.-related purchases; transactions include acquisitions at or below the $2,500 threshold, commercial training request valued at or below $25,000, and payments on contracts. The benefits of using PC are lower transaction processing costs and less "red tape" for both the gov't. and vendors. This audit of the Army's PC program addresses whether: the Army's overall control environ. and mgmt. of the PC program were effective, the Army's internal control activities operated effectively and provide reasonable assurance that PC were used appropriately, and indications existed of fraudulent, improper, and questionable transactions. Ill.
Author: Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781976196553
Category :
Languages : en
Pages : 62
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Book Description
Over the past several years, GAO has issued numerous reports and testimonies on internal control breakdowns in certain individual agencies' purchase card programs. In light of these findings, GAO was asked to analyze purchase card transactions governmentwide to (1) determine whether internal control weaknesses existed in the government purchase card program and (2) if so, identify examples of fraudulent, improper, and abusive activity. GAO used statistical sampling to systematically test internal controls and data mining procedures to identify fraudulent, improper, and abusive activity. GAO's work was not designed to determine the overall extent of fraudulent, improper, or abusive transactions. To reduce fraud, waste, and abuse governmentwide, GAO made 13 recommendations to the Office of Management and Budget (OMB) and the General Services Administration (GSA) to instruct agencies to strengthen purchase card controls in the areas of convenience checks and property, and impose financial liability for unauthorized purchases, among other things. OMB agreed and GSA
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781977510174
Category :
Languages : en
Pages : 54
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Book Description
For fiscal year 2014, the most recently available data at the time of GAO's review, the federal government spent $8.7 billion in micropurchases using purchase cards. In its last government-wide review of the program in 2008, GAO found that internal control weaknesses in agency purchase card programs left the government vulnerable to fraud, waste, and abuse. GAO was asked to review purchase card micropurchases to determine whether weaknesses still exist. GAO examined (1) what actions GSA and OMB have taken since 2008 to enhance program controls over micropurchases and (2) whether weaknesses exist in the approval process for them and, if so, whether there are indicators of improper or potentially fraudulent purchases. GAO analyzed purchase card policies and guidance issued by OMB and GSA; obtained purchase card data on fiscal year 2014 transactions; tested three elements of the approval process through a generalizable random, stratified sample of 300 transactions from a population of over 17 million across the government; and conducted targeted data mining for improper or potentially fraudulent purchases.
Author:
Publisher:
ISBN:
Category : Fraud
Languages : en
Pages : 56
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Book Description
Author: United States. Congress. House. Committee on Government Reform. Subcommittee on Government Efficiency, Financial Management, and Intergovernmental Relations
Publisher:
ISBN:
Category : History
Languages : en
Pages : 136
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Book Description
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781983928659
Category :
Languages : en
Pages : 62
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Book Description
Governmentwide Purchase Cards: Actions Needed to Strengthen Internal Controls to Reduce Fraudulent, Improper, and Abusive Purchases
