GAO: Federal IT Spending Reports Not Accurate

October 28, 2011
FedCyber Wire, Financial, Spending
No Comment

The Office of Management and Budget (OMB) doesn’t have an accurate count of how much money federal agencies are spending on IT, and has been misrepresenting the government’s technology investments, according to a federal watchdog agency.

The OMB’s IT Dashboard reported in July 2011 that 26 federal agencies plan to spend nearly $79 billion on 7,248 IT investments in fiscal-year 2011, a figure the OMB often uses to refer to annual federal investments in IT, according to a September report by the Government Accountability Office (GAO) that was posted online this week.

However, this figure does not take into account IT spending by 58 independent executive branch agencies, including the CIA, nor are legislative and judicial branches of government factored in. Moreover, the $79 million also is not likely an accurate figure for the 26 agencies that are included in that tally, as the OMB’s guidance is currently not adequate enough to facilitate comprehensive reporting of IT spending, according to the GAO.

via InformationWeek Government, continued here.