Foreign Assistance: USAID Should Analyze Data on the Timeliness of Expenditures, Report to Congressional Committees [open pdf - 5MB]
From the Highlights: "Congress provides foreign assistance funding through various appropriation accounts for international development projects. USAID [U.S. Agency for International Development] is the primary U.S. agency responsible for implementing these projects and may have up to 11 fiscal years to expend its appropriations from certain accounts. USAID requires program managers to follow its forward funding policy, with some exceptions, and annually monitor ULOs [unliquidated obligations] to identify excess funds that may be eligible for deobligation and used for other purposes. A Senate report provides for GAO [Government Accountability Office] to consult with the appropriations committee on a review of USAID's expenditure rates. This report examines (1) USAID data on ULOs for funds appropriated in fiscal years 2009-2019, (2) the extent to which expenditures in selected accounts met our definitions of timely or delayed under USAID policy, (3) the extent to which USAID monitors ULOs and the timeliness of expenditures, and (4) factors that USAID cites as contributing to expenditure delays and excess ULOs and steps taken to manage them."
Government Accountability Office: http://www.gao.gov/