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GGD-98-189R 1 (1998-09-15)

handle is hein.gao/gaobacmox0001 and id is 1 raw text is: United States General Accounting Office WsigoD.C. 20548 (13 0) General Government Division B-280281 September 15, 1998 The Honorable Julie L. Williams : rting Comptroller of the Currency Subject: The Results Act: Observations OCC's Annual Performance Plan for Calendar Year 1998 - - Dear Ms. Williams: This letter provides our observations on the Office of the Comptroller of the Currency's (OCC) calendar year' 1998 performance plan, which was submitted to Congress to meet the requirements of the Government Performance and Results Act of 1993 (the Results Act). We were asked by the House Committee on Banking and Financial Services to review the plan along with annual plans submitted by other financial regulatory agencies. This letter provides our assessment of how well OCC's performance plan meets the requirements of the Results Act and our observations for improving future performance plans. Annual performance plans can be an invaluable tool for making policy decisions, improving program management, enhancing accountability, and communicating to both internal and external audiences how the long-term strategic direction outlined in strategic plans is translated into the day-to-day activities of managers and staff. Successful implementation of a performance- based management system, as envisioned by the Results Act, represents a significant challenge requiring sustained agency attention. While opportunities exist to improve OCC's initial performance plan, actions to date clearly show a good-faith effort to implement the Results Act. On the basis of our discussions with your staff, we found OCC seriously committed to fulfilling both the requirements of the Act and congressional expectations that the plans inform Congress and the public about OCC's performance goals, including how the agency will accomplish the goals and measure the results. The points made in this letter are intended to assist OCC in its continued efforts 'In cases where an agency operates on a fiscal year different from October 1 to September 30, the performance plan should correspond to the agency's fiscal year. OCC operates on a calendar year basis. GAOIGGD-98-189R OCC Annual Performanice Phk. 76 30

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