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D13112 1 (1955-01-31)

handle is hein.gao/gaobadscr0001 and id is 1 raw text is: January 31, 1955 ILLUSTRATIVE HIGHLIGHTS - From 1954 Progress Report under the Joint Program to Improve Accounting in the Federal Government. Progress under the Joint Program is so wide-spread and includes so many different types of improvements that an illustrative approach has necessarily been used as a basis for presenting the annual report. This brief summary can only include a few illustrations. The items selected are designed (1) to indicate the more important general developments, (2) to identify major areas involving agency improvements, and (3) to characterize the several types of identifiable savings. The less tangible but infinitely more important savings which result from management utilization of improved financial data-do not always lend themselves to specific measurement. A. General Developments. In addition to their day-to-d, y coop- erative efforts to assist operating agencies under the joint program the three central agencies (Treasury, Budget Bureau and General Accounting Office) furnished leadership in the Government-wide aspects of the im- provement program. 1. Central accounting and reporting. Continued emphasis on simplified and more effective accounting and financial report- ing during the year produced results. Receipt and expenditure data are now published on an improved and consistent basis by the Treasury in the'M!vonthly Statement of Receipts and Expenditures of the United States Government. The Treasury's annual combined statement, the budget document, and agency reports on the status of appropriations have been keyed to the same data. In addition to eliminating previous inconsistencies in the several series of data, better information is provided for the review and control over Government spending. A change in procedure has been instituted whereby collecting officers deposit directly with Federal depositaries. This important change has resulted in the elimination of duplicate handling of cash by collecting agencies and Treasury disbursing officers and a substantial reduction in the paper- work involved.

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