DATA Act Webinar

Start time: 2:00PM
End time: 3:50PM
CPE: 2

  • FREE to AGA Members
  • $25.00 for Non-Members

Register here.

Topic: DATA Act

FOS: Accounting - Auditing - Governmental (AUDG)

As required by law, over ninety federal agencies are reporting their spending activity on a quarterly basis across 1,600+ accounts to the U.S. Treasury for open publishing as a harmonized data set. This past December, the information accessible through USAspending.gov reflected the first complete fiscal year (FY2018) of DATA Act reporting.

The U.S. Treasury’s DATA Act Information Model Schema (DAIMS) centrally defines the consistent data structure of 400 interconnected data elements representing a common definition of federal account and spending (contract and grant) activity. The DAIMS, which is now adopted government-wide into agency accounting systems now serves as the authoritative federal 'operational data set' (e.g., mission agnostic support data representing resources, decisions, transactions, and outputs of administrative functions).

Looking forward beyond the DATA Act's reporting compliance, end users like federal management, the public and Congress, as well as watchdogs and journalists must incorporate this open data into their own workflow and envision how this resource can enable a truly 'browsable government'.

Recognizing this, the U.S. Treasury's Data Lab has built a number of intuitive visualization tools demonstrating how this structured data enables difficult financial concepts, such as the relation between Budget Function (purpose of spending) and Object Class (spending mechanism), to become understandable to the public.

Furthermore, as a resource for government-wide spending information USAspending.gov represents a true open data resource complete with bulk data downloads and automated APIs for technically advanced users to access openly formatted and freely reusable information.

For example, USAspending.gov will enable end-users to more efficiently complete previously complex financial analysis, including:

  • Identify the particular agency accounts funded by a Congressional appropriation, select the contract and grant awards paid out of those accounts, and map the geographic impact of those awards to a locality;
  • Identify agency expenditure accounts funding a federal grantmaking program and assess the impact of future appropriations decisions on that program;
  • Identify unobligated balances across agency accounts and reconcile this with approved spending allocations and supplemental budget requests;
  • Make more informed budgeting decisions by comparing the annual budget request to current Fiscal Year government-wide account balances and spending activity;
  • Tag spending to particular programmatic missions, track these resources over time, and pair with additional data sets to assess programmatic performance;
  • More efficiently monitor the impact of federal spending activity on a geographic region.

 

Speaker


Michelle Sager, Director
Government Accountability Office (GAO)

Moderator

  • Christian Hoehner, Senior Director of Policy
    Data Coalition

Learning objectives:

This webinar will explore the following questions:

  • The status of the Treasury's implementation efforts, including any planned updates to the data structure and the public website display;
  • Examples of application oriented projects being built out in the Treasury's Data Lab;
  • A discussion of internal management use cases for budget, procurement and grant making planning, and risk management;
  • A discussion of outstanding agency reporting issues to include data quality and completeness hurdles;
  • Examples of external user types and website traffic and bulk download utilization rates;
  • A preview of upcoming Inspector General audit methodology;
  • And forecast of the long term value proposition for expansion and linkage of the DATA Act Information Model Schema (DAIMS) into other areas of federal financial management and reporting.

Contact: AGA Trenton Chapter
Email: agatrentoninfo@agatrenton.com

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