Management and Budget Office January 30, 2008 – Federal Register Recent Federal Regulation Documents
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FY 2007 Pilot Program for Alternative Approaches to Performance and Accountability Reporting Open Forum
An open forum on the FY 2007 Performance and Accountability Report (PAR) pilot will be held at the National Academy of Public Administration (NAPA) on April 14, 2008 from 10 a.m. to 12 p.m. The PAR pilot allows agencies to explore different formats to enhance the presentation of financial and performance information and make this information more meaningful and transparent to the public. As an alternative to the traditional PAR, agencies that participated in the pilot had to prepare and submit to OMB three component documents. The component documents included an Agency Financial Report (AFR), an Annual Performance Report (APR), and a Highlights document that presents performance and financial information in a summary fashion. The purpose of the forum is to obtain feedback from individual users and stakeholders regarding the results of the pilot. Those interested in participating should respond to the questions listed below by e-mail to either Regina Kearney at rkearney@omb.eop.gov, or Pat Harris at pharris@omb.eop.gov by close of business March 28, 2008. Do the PAR pilot component documents (Annual Financial Report, Annual Performance Report, and Highlights): [cir] Provide an enhanced presentation of the financial and performance information in a more transparent way (i.e., information is presented in a manner that is user friendly and easy enough for a novice reader to understand)? [cir] Report financial and performance information more meaningfully (i.e., financial and performance data is reliable, relevant, and include measurable results linked to strategic goals)? [cir] Tailor financial and performance information to meet stakeholder needs? [cir] Report performance and financial results candidly and clearly articulate remedies to performance or financial shortfalls? Are the PAR pilot component documents easily accessible via the web and are they easy to use? Did the development of the PAR pilot component documents: [cir] Improve internal and external communications? [cir] Increase/decrease the burden on preparers? What are individuals' recommendations for improving performance and financial reporting?
Discount Rates for Cost-Effectiveness Analysis of Federal Programs
The Office of Management and Budget revised Circular A-94 in 1992. The revised Circular specified certain discount rates to be updated annually when the interest rate and inflation assumptions used to prepare the budget of the United States government were changed. These discount rates are found in Appendix C of the revised Circular. The updated discount rates are shown below. The discount rates in Appendix C are to be used for cost-effectiveness analysis, including lease-purchase analysis, as specified in the revised Circular. They do not apply to regulatory analysis.
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