5.1.5: USAspending.gov
Ensure that the financial information provided to the public is correct. Other Information:
This site is designed to provide the citizen insight into how the Government spends taxpayer dollars. The data in this site
is largely from two sources: the Federal Procurement Data System (FPDS), which contains information about Federal contracts;
and the Federal Assistance Award Data System (FAADS), which contains information about Federal Financial Assistance such as
grants, loans, insurance, and direct subsidies like Social Security. USASpending.gov furthers Open Government initiatives
by ensuring that the financial information provided to the public is correct. The DOT has a Grants Information System (GIS)
that provides the recipient’s name, address, zip code, and identifying information to verify that data is correct. The DOT
will also perform a gap analysis shortly so the systems can be better integrated. Integrating the systems ensures that the
DOT will provide consistent and accurate reporting both internally and externally at reduced cost. Within a year, the DOT
plans to begin a modernization and integration effort to deploy a single, integrated Departmental acquisition platform through
the Department to link all procurement functionality with the Department’s Financial Management Business Transformation effort.
Indicator(s):
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