Office of Inspector General

Resources from Other Accounts include Pandemic Funds and FY 2022 Full-time Equivalents reflect actuals.

Appropriated resources were provided by the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act of 2021. 

1. $6.5 million for oversight, monitoring, and recoupment of the Emergency Rental Assistance program.

2. $3 million for oversight of the Emergency Rental Assistance program.

3. $2.6 million for oversight of the Homeowner Assistance Fund. 

4. $35 million for oversight of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (Funding received in FY 2020) 

5. Offsetting Collections includes $1 million for SSBCI Reimbursable Authority (Supporting the Small Business Jobs Act of 2010).

Summary

The FY 2024 request for $49,180,000 for the Office of Inspector General (OIG) will be used to 

support ongoing critical audit, investigative, and mission-support activities and pandemic relief 

programs. The request maintains currents services, supporting the increased FY 2023 funding 

OIG received to support unfunded Coronavirus State and Local Recovery Funds (SLFRF) 

oversight and data analytics and information technology support staff. The request also funds 

activities to meet the requirements of the Inspector General Act of 1978, as amended, and other 

statutes including, but not limited to: the Cybersecurity Act of 2015; Dodd-Frank Wall Street 

Reform and Consumer Protection Act (Dodd-Frank); Federal Information Security 

Modernization Act of 2014 (FISMA); Federal Information Technology Acquisition Reform Act; 

Government Management Reform Act; Payment Integrity Information Act of 2019 (PIIA); 

Federal Deposit Insurance Act; Small Business Jobs Act of 2010; the Government Charge Card 

Abuse Protection Act of 2012; Resources and Ecosystems Sustainability, Tourist Opportunities, 

and Revived Economies of the Gulf Coast States Act of 2012 (RESTORE Act); the Coronavirus 

Aid, Relief, and Economic Security Act (CARES); the Consolidated Appropriations Act, 2021; 

and the American Rescue Plan Act (ARP). Specific mandates include (1) audits of the 

Department’s financial statements, (2) audits and/or evaluations of the Department’s information 

systems security program and practices as required by FISMA, (3) assessments of the 

Department’s cyber security information sharing, (4) audits of improper payments and recoveries 

under PIIA, (5) risk assessments and audits of charge card programs, (6) audits of air carrier 

pandemic payroll, and (7) material loss reviews of failed insured depositary institutions regulated 

by the Office of the Comptroller of the Currency (OCC). The OIG will also conduct audits of 

the Department’s highest risk programs and operations and respond to stakeholder requests for 

specific work, including: (1) new initiatives; (2) cyber threats; (3) Bank Secrecy Act, anti-money 

laundering, and anti-terrorist financing enforcement; (4) information technology acquisition and 

project management; and (5) certain Treasury Pandemic Relief programs. 

Dollars in Thousands

Budget Activity $ Change % Change

Audit $31,095 $35,853 $36,103 $250 1%

Investigations $11,180 $13,025 $13,077 $52 0%

Subtotal, OIG $42,275 $48,878 $49,180 $302 1%

Offsetting Collections - Reimbursable $12,000 $12,000 $12,000 $0 0%

Resources from Other Accounts $10,959 $10,122 $10,122 $0 0%

Program Total Operating Level $22,959 $22,122 $22,122 $0 0%

Total Budgetary Resources $65,234 $71,000 $71,302 $302 0%

Direct FTE 190 210 210 0 0%

Total Full-time Equivalents (FTE) 190 210 210 0 0%

FY 2023 to FY 2024 FY 2023 

Operating Plan

FY 2022 

Operating Plan

FY 2024 

Request
Within its jurisdictional boundaries, the OIG also conducts audit of the highest risk programs and 

operations of the Gulf Coast Ecosystem Restoration Council (Council) established under the 

RESTORE Act. The highest risk programs and operations identified as the Council’s 

management and performance challenges include: (1) Federal Statutory and Regulatory 

Compliance, and (2) Grant and Interagency Agreement Compliance Monitoring. 

The OIG will continue its investigative work to prevent, detect, and investigate complaints of 

fraud, waste, and abuse impacting Treasury programs and operations. This includes the 

detection and prevention or deterrence of employee misconduct and fraud. 

This year, the OIG is working to align budget activities and performance measures to the new 

objectives in the Treasury FY 2022 – 2026 Strategic Plan. This work will include benchmarking 

performance and may result in changes to performance measures in the FY 2024 Budget. 

FY 2024 Budget Highlights

Dollars in Thousands

Office of Inspector General FTE Amount

FY 2023 Enacted 210 $48,878 

Changes to Base:

Maintaining Current Levels (MCLs): 0 $2,091

Pay Annualization (2023 4.6% average pay raise) 0 $414 

Pay Raise (2024 5.2% average pay raise) 0 $1,419 

Non-Pay 0 $258 

Adjustments to Meet Current Operating Levels 0 ($1,789)

Subtotal Changes to Base 0 $302 

FY 2024 Current Services 210 $49,180 

FY 2024 President's Budget Request 210 $49,180 

FY 2024 Budget Adjustments 

Maintaining Current Levels (MCLs).........................................+$2,091,000 / +0 FTE

Pay Annualization (4.6%) +$414,000 / +0 FTE 

Funds are requested for annualization of the January 2023 4.6% average pay raise.

Pay Raise (5.2% in 2024) +$1,419,000 / +0 FTE 

Funds are requested for a 5.2% average pay raise in January 2024. 

Non-Pay +$258,000 / +0 FTE 

Funds are requested for non-labor expenses such as travel, contracts, rent, supplies, 

and equipment. 

Other Adjustments .....................................................................................-$1,789,000 / -0 FTE

Adjustments to Meet Current Operating Levels -$1,789,000 / -0 FTE

This reduction to current operating levels includes GSA rent reduction and reduction in 

contractual services. The rent reduction savings will be realized due to the closure of the 

Treasury Boston Office and the reduction of the Washington DC Office space and the associated 

overhead cost in contractual services. 
Legislative Proposals 

OIG has no legislative proposals. 

Performance Highlights

 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

Budget Activity Performance Measure Actual Actual Actual Actual Target Target

Audit Number of Completed Audit Products 79 85 80 76 82 82

Audit Percent of Statutory Audits Completed 

by the Required Date 100 100 100 100 100 100

Investigations

Percentage of All Cases Closed During 

the Fiscal Year That Were Referred for 

Criminal/Civil Prosecution or Treasury 

Administrative Action

80 91 100 100 80 80

Description of Performance Department

The Office of Audit (OA) completed 76 audit products in FY 2022 and expects to complete 82 in 

FY 2023. In FY 2022, OA met its mandated audit requirements. 

In keeping with the OIG’s strategy to maintain a highly skilled and motivated workforce, the 

OIG plans and executes a meaningful body of work designed to help ensure the integrity, 

efficiency, and effectiveness of programs and operations across OIG’s jurisdiction while looking 

for opportunities to improve them. 

In FY 2022, OI exceeded the 80 percent target for Investigative Performance Measure by 

referring 100 percent of investigations for criminal/civil/administrative action. OI opened 130 

new investigations (48 percent increase from FY 2021) and closed 51 investigations. The OIG 

also referred 13 investigations that substantiated administrative violations against a Treasury 

employee to the appropriate regulated bureau for action. In addition, the OIG referred 67 

investigations for criminal prosecution and 9 investigations for civil prosecution. In FY 2022, OI

charged and/or indicted 24 subjects. Ongoing investigations resulted in 3 subjects sentenced 

which resulted in fines, seizures, restitution, penalties, and settlements of more than $10.9 

million.

The Pandemic Response Accountability Committee (PRAC) established a Fraud Task Force to 

serve as a resource for the Inspectors General (IG) community by merging investigative 

resources into those areas where the need is the greatest, currently pandemic loan fraud. Agents 

from Offices of Inspectors General (OIG) across the Government are detailed to work on Task 

Force cases. These agents have partnered with prosecutors at the Department of Justice’s Fraud 

Section and at United States Attorneys’ Offices across the country. 

 

Department of the Treasury (Treasury) OIG has eight agents who are assigned to the PRAC 

Fraud Task Force on a part-time basis. The agents are assigned Paycheck Protection Program 

cases while continuing to work their existing Treasury OIG caseload. This initiative allows 

Treasury OIG to make a broader contribution to the IG community by assisting with 

investigations that might otherwise remain unstaffed. 
OI continues to support frequent congressional inquiries, sensitive investigative requests from 

the Council of the Inspectors General on Integrity and Efficiency, and annual peer reviews of 

other Offices of Inspector General, thus ensuring a high level of professionalism within the 

Inspector General community.