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DEPARTMENT
OF THE TREASURY
Treasury
is making progress improving its performance across the five management
initiatives, but significant barriers remain.
Initiative |
Status |
Progress |
Human
Capital — Treasury has made good use of the Human Capital
Assessment and Accountability Framework to build a more thorough
and functional human capital strategy. It has designated officials,
set timelines, and progressed in developing measures and an accountability
system. |
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Competitive
Sourcing — Treasury is exploring competition of more
than 5,000 commercial positions to determine the best means of
delivering services such as IRS tax form distribution (500 positions),
IRS building maintenance (100 positions), and Mint customer services
(48 positions). These competitions should begin to yield results
in 2003 and 2004. |
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Financial
Performance — Treasury can now produce accurate financial
reports within three days after the end of each month. In 2001
it took an average of 20 days to close the books. Treasury met
its goal to produce audited financial statements by November 15th,
two years ahead of the Administration’s goal to require
agency financial statements 45 days after the end of the fiscal
year. However, despite these accomplishments, the Department will
not be able to correct significant weaknesses in IRS’s tax
accounting systems until late 2006. |
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Enhancing
E-Government —
The Department has expanded and enhanced the services it provides
over the internet, such as free electronic tax filing. However,
it must improve its ability to manage its critical technology
investment programs. |
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Budget/Performance
Integration — IRS is developing outcome measures and
working to rationalize its budget structure. These efforts, and
other improvements in performance measures, will make it easier
to manage Treasury’s programs to yield maximum results. |
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Program
Assessments
Program
assessments for eight Treasury programs are presented (in the budget).
Ratings range from “effective” for the Mint and Treasury’s
bank regulators to “results not demonstrated” for IRS’s
collection program. The assessments show significant opportunities for
Treasury to improve its outcome measures to better understand and monitor
program effectiveness.
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