ABSTRACT

Federal Real Property Asset Management: Additional Direction in Government-Wide Guidance Could Enhance Natural Disaster Resilience, Report to Congressional Requesters   [open pdf - 2MB]

From the Highlights: "The federal government spends billions of dollars each year to manage real property assets, such as buildings, levees, and roads. The rising frequency and severity of natural disasters expose these assets to damage and the government to fiscal liabilities. In 2020, the United States experienced 22 separate billion-dollar natural disasters. As the owner of real property assets, federal agencies can enhance the natural disaster resilience of real property through asset management. This can include actions to prepare for disasters. GAO [Government Accountability Office] was asked to determine how agencies prevent or reduce damage to real property caused by natural disasters. This report addresses (1) how selected agencies have incorporated natural disaster resilience into their assets and (2) the extent to which government-wide guidance directs agencies to incorporate natural disaster resilience into asset management. To conduct this work, GAO reviewed key characteristics and principles for asset management and natural disaster resilience from GAO's prior work; reviewed agency documents; interviewed officials from four selected agencies that owned a large number of assets (U.S. Army Corps of Engineers, General Services Administration, National Park Service, and FWS [U.S. Fish and Wildlife Service]); and reviewed OMB [Office of Management and Budget] guidance. GAO recommends that OMB direct agencies to incorporate assessments of natural disaster risk information, such as from vulnerability assessments, into asset management investment decisions. OMB had no comments on this recommendation."

Report Number:
GAO-21-596
Publisher:
Date:
2021-09-14
Copyright:
Public Domain
Retrieved From:
U. S. Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations