Monday, August 27, 2007

GSA issues stricter rules on year-end spending requests

Agencies seeking to spend their appropriations money before Oct. 1 must adhere to stricter policies from the General Services Administration, which wants to avoid year-end spending slip-ups.

To fend off a torrent of spending requests to use soon-to-expire appropriated funds, GSA issued a memo June 13, which agency managers refer to as the cutoff memo. The document asks agencies to give GSA a reasonable amount of time before Sept. 30 to award inter-agency contracts.

GSA’s memo illustrates a situation that every agency faces as the end of fiscal 2007 approaches.

Read rest of the story: FCW.com News - GSA issues stricter rules on year-end spending requests

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