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OCFO News Release: [11/16/2004]
Contact Name: Jane Norris / Peggy Abrahamson
Phone Number: 202-693-4676 / 202-693-5052
Labor Department Achieves Highest Green Rating Under
President’s Management Agenda for Financial Performance
Labor “Green” Across-the-Board for Progress on
PMA Scorecard
WASHINGTON—The U.S. Department of Labor (DOL) recently
achieved the highest rating for Financial Performance under the President's
Management Agenda (PMA). The Labor Department is one of only four Cabinet-level
departments and two federal agencies to achieve a score of “green” for Financial
Performance. The latest scorecard issued by the Office of Management and
Budget (OMB) reflects progress for the quarter ending Sept. 30, 2004.
“Once again, the Department of Labor has achieved results under the President's
Management Agenda by emphasizing the importance of clear and accurate
financial information as a basis for the Department's operating, budget
and policy decisions,” said Secretary of Labor Elaine L. Chao. “The PMA
sets high standards for performance, and the Department of Labor is continuing
to meet that challenge and serve the American people.”
President George W. Bush sent his PMA, a strategy for improving the management
and performance of the federal government, to the Congress in the summer
of 2001. Improving financial performance activities is one of the five
critical areas for achieving results on the PMA.
The key reasons that DOL moved to “green” status for financial performance
are improvements in providing accurate, timely and reliable financial
information to managers and decision makers across the department. DOL's
efforts to integrate financial and program performance information increase
the accountability of the department's programs by delivering results
effectively and efficiently.
OMB tracks the progress of 26 departments and major agencies for five
government-wide initiatives aimed at improving results to citizens, including
Strategic Management of Human Capital; Competitive Sourcing; Improved
Financial Performance; Expanded Electronic Government; and Budget and
Performance Integration.
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