Technology Modernization Fund: Implementation of Recommendations Can Improve Fee Collection and Proposal Cost Estimates, Report to Congressional Committees   [open pdf - 1MB]

From the Highlights: "Enacted in 2017, the provisions commonly referred to as the 'Modernizing Government Technology Act' established the TMF [Technology Modernization Fund] in recognition of the challenges in modernizing federal information systems. OMB [Office of Management and Budget] and GSA [General Services Administration] administer the TMF, and a Technology Modernization Board comprised of federal IT [information technology] executives reviews agency project proposals. Pursuant to the law, OMB's 2018 TMF guidance directed agencies with approved projects to reimburse the amounts transferred from the fund and pay a fee, within 5 years of award. Fees were to be based in part on a percentage of award amounts transferred to the agency. GSA uses TMF appropriations to cover its operating expenses, and collects the fees from awarded projects to offset these expenses. The act includes a provision for GAO [Government Accountability Office] to report biannually on the TMF. This second TMF report, among other things, (1) identifies the status of the fund and approved projects, (2) determines the TMF's operating costs and fees collected to offset those costs, and (3) assesses the reliability of selected projects' cost saving estimates."

Report Number:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
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