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Brought to you by the Council of the Inspectors General on Integrity and Efficiency
Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
Export-Import Bank
Management Advisory: Risk Assessment of EXIM’s Government Purchase Card and Travel Card Programs
FHFA’s Analysis of Credit Score Models Was Consistent with Applicable Requirements but the Agency Could Improve Its Process and Enhance the Level of Detail in Its Decision Record
DER Provided Effective Oversight of the Enterprises’ Nonbank Seller/Servicers Risk Management But Needs to Develop Policies and Procedures for Two Supervisory Activities
DBR Conducted Effective Oversight of the FHLBanks’ Management of Third-Party Provider Risks But Did Not Fully Document Sampling in Examination Workpapers
The PRAC along with 10 of our member Offices of Inspectors General conducted this second phase of our review in order to provide insights on the experiences of the two cities, two rural counties, and two Tribal reservations that, during the first part of our review, received a combined $2.65 billion in pandemic relief funding across 89 pandemic programs and subprograms. We found that the six communities shared similar experiences even though their populations, demographics, locations, and contexts were unique. Specifically, we identified four themes which provide valuable insights to policymakers, program officials, and the American public regarding the federal government’s COVID-19 response and how to prepare for the next major emergency. These themes focus on Program Administration and Guidance, Knowing Your Community, Pre-Existing Challenges, and Sustaining Lives and Recovering from the Pandemic.
The Postal Service relies almost entirely on the revenue generated from postage to fulfill its public mission and cover the costs of delivering mail. As mail volumes decline and operational costs increase, USPS has sought to cover its costs by generating more revenue through increases in the price of postage. Record levels of inflation and additional pricing authorities have recently led to notable increases in the price of Market Dominant mail, including the highest revenue generating class of mail, First-Class Mail. Specifically, First-Class Mail has seen more frequent price increases and a higher percentage of price increases since August 2021.
The U.S. Postal Service is redesigning its processing network with the goal of creating a best-in-class mail and package processing network as part of its 10-year strategic Delivering for America plan. The Postal Service plans to create a modernized network based around Regional Processing and Distribution Centers (RP&DC), local processing centers, and sorting and delivery centers. The Richmond Processing and Distribution Center became the first RP&DC, in July 2023, consolidating operations from nearby facilities. According to the Postal Service, the effectiveness of these new facilities is critical to the success of its strategic initiatives.
