Department of the Treasury

Office of Inspector General

Congressional Budget

Justification and Annual 

Performance Plan and Report

FY 2024
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Table of Contents

Section I – Budget Request........................................................................................................... 3

A – Mission Statement................................................................................................................ 3

B – Summary of the Request ...................................................................................................... 3

1.1– Appropriations Detail Table ............................................................................................... 4

1.2 – Budget Adjustments Table................................................................................................. 4

C – Budget Increases and Decreases Description....................................................................... 5

1.3 – Object Classification (Schedule O) Obligations................................................................ 5

D – Appropriations Language and Explanation of Changes ...................................................... 6

E – Legislative Proposals............................................................................................................ 6

Section II – Annual Performance Plan and Report................................................................... 7

A – Strategic Alignment ............................................................................................................. 7

B – Major challenges and risks for Treasury.............................................................................. 7

C – Budget and Performance by Budget Activity .................................................................... 12

2.1.1 – Audit Resources and Measures..................................................................................... 12

Audit Budget and Performance................................................................................................. 12

2.1.2 – Investigations Resources and Measures........................................................................ 13

Investigations Budget and Performance ................................................................................... 13

Section III – Additional Information ........................................................................................ 15

A – Summary of Capital Investments....................................................................................... 15
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Section I – Budget Request

A – Mission Statement

To promote the integrity, efficiency, and effectiveness in programs and operations within the 

Department of the Treasury and OIG’s jurisdictional boundaries. 

B – Summary of the Request

The FY 2024 request for $49,180,000 for the OIG will be used to support ongoing audit, 

investigative, and mission support activities and pandemic relief programs. The request 

maintains current 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); Government Charge Card 

Abuse Prevention Act of 2012; Federal Deposit Insurance Act; Small Business Jobs Act of 2010; 

Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the 

Gulf Coast States Act of 2012 (RESTORE); the Coronavirus Aid, Relief, and Economic Security 

Act (CARES Act); 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 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 support programs, 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.

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

operations of Gulf Coast Ecosystem Restoration Council (Council) established under RESTORE. 

The highest risk programs and operations identified as the Council’s management and performance 

challenge 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.
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Office of Inspector General’s FY 2024 Budget Request

In accordance with the requirements of Section 6(f)(1) of the Inspector General Act of 1978, as 

amended, the Treasury Inspector General submits the following information relating to the 

OIG’s requested budget for FY 2024:

• The aggregate budget request for the operations of the OIG is $49,180,000 in direct 

appropriations.

• The portion of this amount needed for OIG training is $667,000; and

• The portion of this amount estimated in support of the Council of Inspectors General on 

Integrity and Efficiency (CIGIE) is $24,415.

The amount requested for training satisfies all OIG training needs for FY 2024.

1.1 – Appropriations Detail Table

Dollars in Thousands

FY 2022 FY 2023 FY 2024 FY 2023 to FY 2024

Appropriated Resources Operating Plan Operating Plan Request % Change

New Appropriated Resources FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

Audit 144 31,095 159 35,853 159 36,103 0.0% 0.7%

Investigations 46 11,180 51 13,025 51 13,077 0.0% 0.4%

Subtotal New Appropriated Resources

 

190 $42,275 210 $48,878 210 $49,180 0.0% 0.6%

Other Resources

Reimbursables - Annual 0 12,000 0 12,000 0 12,000 NA 0.0%

Resources from Other Accounts 0 10,959 0 10,122 0 10,122 NA 0.0%

Subtotal Other Resources 0 $22,959 0 $22,122 0 $22,122 0.0% 0.0%

Total Budgetary Resources 190 $65,234 210 $71,000 210 $71,302 0.0% 0.4%

Resources from Other Accounts include Pandemic Funding 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 ARP Emergency Rental Assistance program.

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

4. $35 million for oversight of the Coronavirus Relief Fund.

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

1.2 – Budget Adjustments Table

Dollars in Thousands

FTE Amount

FY 2023 Operating Plan 210 $48,878 

Changes to Base: 

2024 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 

Other Adjustments

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 
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C – Budget Increases and Decreases Description

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. 

1.3 – Object Classification (Schedule O) Obligations

Dollars in Thousands

FY 2022 FY 2023 FY 2024

Object Classification

Actual

Obligations

Estimated

Obligations

Estimated

Obligations

11.1 - Full-time permanent

 

26,000 

 

31,000 31,000

11.5 - Other personnel compensation

 

2,000 

 

2,000 

 

2,000 

11.9 - Personnel Compensation (Total)

 

28,000 

 

33,000 

 

33,000 

12.0 - Personnel benefits

 

11,000 

 

12,000 12,000

Total Personnel and Compensation Benefits

 

39,000 

 

45,000 

 

45,000 

21.0 - Travel and transportation of persons

 

1,000 

 

1,000 

 

1,000 

23.1 - Rental payments to GSA

 

- 

 

3,000 

 

3,000 

25.2 - Other services from non-Federal sources

 

3,000 

 

6,000 5,000

25.3 - Other goods and services from Federal sources

 

6,000 

 

5,000 4,000

25.7 - Operation and Maintenance of Equipment

 

1,000 

 

1,000 1,000

31.0 - Equipment

 

1,000 

 

1,000 

 

1,000 

Total Non-Personnel $12,000 $17,000 $15,000 

Total Obligations $51,000 $62,000 $60,000 

Full-time Equivalents (FTE) 190 210 210

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).
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D – Appropriations Language and Explanation of Changes

Appropriations Language Explanation of Changes

DEPARTMENT OF THE TREASURY

OFFICE OF INSPECTOR GENERAL

Federal Funds

SALARIES AND EXPENSES

For necessary expenses of the Office of Inspector General 

in carrying out the provisions of the Inspector General Act 

of 1978, [$48,878,000]$49,180,000, including hire of 

passenger motor vehicles; of which not to exceed $100,000 

shall be available for unforeseen emergencies of a 

confidential nature, to be allocated and expended under the 

direction of the Inspector General of the Treasury; of which 

up to $2,800,000 to remain available until September 30, 

[2024] 2025, shall be for audits and investigations 

conducted pursuant to section 1608 of the Resources and 

Ecosystems Sustainability, Tourist Opportunities, and 

Revived Economies of the Gulf Coast States Act of 2012 

(33 U.S.C. 1321 note); and of which not to exceed $1,000 

shall be available for official reception and representation 

expenses. (Department of the Treasury Appropriations Act, 

2023.)

E – Legislative Proposals

The OIG has no legislative proposals.
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Section II – Annual Performance Plan and Report

A – Strategic Alignment

This year, through the audit and investigative functions the OIG is working to align budget 

activities and performance measures to the 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. 

The FY 2024 requested resources will enable the OIG to perform audits and investigations of 

Treasury programs and operations under its jurisdiction, except for those of the Internal Revenue 

Service (IRS), the Troubled Asset Relief Program (TARP), the Special Inspector General for 

Pandemic Recovery (SIGPR), and to keep the Secretary of the Treasury and Congress fully 

informed of problems, deficiencies, and the need for corrective action. By statute, the OIG also 

performs oversight of the Gulf Coast Ecosystem Restoration Council, an independent Federal 

entity.

B – Major challenges and risks for Treasury

New Initiatives

While Treasury continues transitioning key senior leadership positions and implementing new 

initiatives and programs such as a comprehensive action plan to address the catastrophic impacts 

of climate change, other critical matters such as the budget and debt ceiling stopgaps continue to 

be more challenging than usual. The impact of these challenges and the uncertainties requires

the Department to continue to focus its resources on programs that are in the highest need to 

citizens and/or where there is a unique federal role. It is essential that new initiatives, programs, 

and reforms be managed and communicated effectively for achieving performance and 

accountability. The OIG will assess the Department’s ability to meet new mandates and manage 

challenges and risks to its programs and operations.

Cyber Threats

Treasury has maintained steady progress in addressing the continual and on-going challenges 

that the Federal Government and private sector face, including the threat of ransomware and 

challenge in recruiting and retaining cybersecurity personnel. Cyber threats are a persistent 

concern as Treasury’s information systems are critical to the core functions of Government and 

the Nation’s financial infrastructure. Attempted cyber-attacks against Federal agencies, 

including Treasury, and financial institutions continue to increase in frequency and severity, in 

addition to continuously evolving. There are risks that Treasury’s systems and resources already 

in use, including critical infrastructure, contain components from sources that have yet to be 

designated as threats. 

The Department will need to monitor developments in this area closely and plan for the 

possibility that its current supply chain may no longer be available in the near future. 

In addition to its own networks and systems, the Department must be cognizant of, and mitigate, 

the risks posed by attacks made against other agencies and Treasury contractors and 

subcontractors. Furthermore, effective public-private coordination is needed to address the cyber 

threat against the Nation’s critical infrastructure. In this regard, Treasury is looked upon to 
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provide effective leadership to financial institutions, in particular, and the financial sector, in 

general, to strengthen awareness and preparedness against cyber threats. 

As an ongoing challenge, Treasury will need to balance cybersecurity demands while 

modernizing and maintaining information technology (IT) systems. This is critical, especially 

since the COVID-19 pandemic shifted the Federal workforce to primarily telework status, which 

increases the opportunities for cyber-attacks. With telework, long-standing cyber threats pose 

increased risks to networks and information systems as more opportunities are available for bad 

actors to stage cyber-attacks. As the tools used to perpetrate cyber-attacks become easier to use 

and more widespread, less technological knowledge and fewer resources are needed to launch 

successful attacks of increasing sophistication. To this end, Treasury must ensure that cyber 

security is fully integrated in its IT investment decisions. OIG conducts audits of Treasury’s 

information systems and operations. As part of these audits, OIG conducts penetration tests of 

selected Treasury bureaus and offices to determine whether sufficient protections exist to prevent 

and detect unauthorized access to Treasury networks and systems. 

Anti-Money Laundering/Terrorist Financing and Bank Secrecy Act Enforcement 

Identifying, disrupting, and dismantling the financial networks that support rogue regimes, 

terrorist organizations, transnational criminal organizations, and other threats to the national 

security of the United States and our allies continues to be challenging as the Office of Terrorism 

and Financial Intelligence’s (TFI) role to counter these financial networks and threats has grown 

because its economic authorities are key tools to carry out U.S. policy. TFI’s counter-terrorism 

designations disrupt the financial networks that support terrorist organizations. Disrupting 

terrorist financing depends on a whole-of-government approach and requires collaboration and 

coordination within Treasury and with other federal agencies. Effective collaboration and 

coordination are key to successfully identifying and disrupting terrorists’ financial networks and 

meeting TFI’s mission. 

Data security and information sharing are challenges for the Financial Crimes Enforcement 

Network (FinCEN), which has experienced unauthorized disclosures of Bank Secrecy Act 

information. The challenge for FinCEN is to ensure the Bank Secrecy Act data remain secure to

maintain the confidence of the financial sector while meeting the access needs of law 

enforcement, regulatory, and intelligence partners. Another challenge for FinCEN is to develop 

and implement a new secure database for small businesses to report their beneficial ownership 

information.

Given the criticality of Treasury’s mission and its role to carry out U.S. policy, the OIG 

continues to consider anti-money laundering and combating terrorist financing programs and 

operations as inherently high-risk. Through OIG’s ongoing audits and reviews, the OIG monitors 

this high-risk area closely. 

Information Technology Acquisition and Project Management

Government-wide implementation of the Federal Information Technology Acquisition Reform 

Act (FITARA) continues to be an ongoing challenge. FITARA expanded the involvement of 

Chief Information Officers of Federal agencies in IT decision making, including annual and 

multi-year planning, programming, budgeting, execution, reporting, management, governance, 

and oversight functions. Among FITARA specific requirements, the areas that Treasury needs 
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most improvement were enhanced transparency and risk management and improved 

cybersecurity. Since February 2015, the Government Accountability Office has included the 

management of IT acquisitions and operations on its high-risk list as cost overruns and schedule 

delays impact mission related outcomes Government-wide. The OIG monitors the Department’s 

progress to fully implement FITARA requirements and management of IT projects.

Non-IT related acquisitions also require attention to ensure timely delivery and minimize cost 

overruns for achieving cost savings. In this regard, the OIG plans audit oversight of the Bureau 

of Engraving and Printing’s large construction project of a new facility to ensure continuity of 

operations of the bureau. 

COVID-19 PANDEMIC RELIEF

The COVID-19 pandemic affected the health and economic stability of communities

nationwide. Congress passed a series of legislation to address the COVID-19 health crisis and 

the economic fallout affecting individuals, businesses, and other industry sectors. Treasury has 

been instrumental in implementing and supporting other Federal agencies in implementation of 

economic relief provisions of the CARES Act, the Consolidated Appropriations Act, 2021, and 

the American Rescue Plan. The rapid delivery of funds within short timeframes may create 

opportunities for illicit activity by anyone attempting to misuse or abuse funds that were intended 

for COVID-19 relief. Considering the challenges and risks associated with ensuring economic 

relief is deployed and used for intended purposes, Treasury must continue to address reporting 

and data quality issues and intensify efforts to reduce improper payments. Reliable and 

transparent data is critical to the Department’s ongoing implementation of Government-wide 

reforms for making data accessible and useful for decision-making as authorized by the 

Foundations for Evidence-Based Policymaking Act of 2018 (Evidence Act). The OIG will 

monitor the Department’s progress in this area. The OIG also continues to identify and analyze 

the risks of improper payments and reviews the controls and safeguards put in place by Treasury 

to prevent and recover such payments as set forth in the Payment Integrity Information Act of 

2019 (PIIA).

Along with administering and delivering economic relief, Treasury must manage the 

unprecedented oversight required by the aforementioned legislation. In addition, Treasury must 

carry the administrative and monitoring responsibilities in its new role resolving Single Audit 

findings and potentially serving as cognizant agency for a significant number of entities. In the 

context of these overarching challenges, OIG recognizes the breadth and scope of Treasury’s 

responsibilities as it impacts programs, operations, and activities regardless of jurisdictional 

oversight boundaries. That said, there was reported strain associated with working remotely 

while managing normal responsibilities and additional work due to the COVID-19 pandemic.

Going forward, Treasury may continue to experience difficulties in balancing its new 

responsibilities and workloads while managing several ongoing challenges as described 

throughout this document.

Major challenges and risks for the Gulf Coast Ecosystem Restoration Council (Council)

Federal Statutory and Regulatory Compliance

The Council must ensure that activities and projects funded by the Resources and Ecosystems 

Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 

2012 (RESTORE Act) meet all environmental laws and regulations at the Federal and State level 
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and must also ensure its compliance with applicable laws and regulations as a Federal entity. 

The Council is required to follow Federal statutory and regulatory compliance requirements 

related to the DATA Act, PIIA, and the Evidence Act. The Council still faces challenges in 

meeting these Federal statutory and regulatory compliance stemming from the need for a reliable 

grants management system among other things. With the uncertainty of costs and resources to 

make desired modifications to its grants management system, the Council’s ability to comply 

with new as well as existing Federal requirements may be in question. In addition, after 

transitioning through a loss of key leaders, the Council again faces challenges related to the 

departures of key personnel. The OIG will continue to focus audits on the Council’s continued 

implementation and compliance with key Federal mandates.

Grant and Interagency Agreement Compliance Monitoring

Given the increase in grants and interagency agreements, the OIG continues to emphasize the 

necessity to monitor projects and award recipients of RESTORE Act funds. This challenge is 

further impacted by the Council’s transition to a new grants management system during 

FY 2020, and a FY 2023 vacancy in the Director of Grants/IAA and Compliance position. The 

OIG audits will focus on the Council’s monitoring controls in place to ensure projects and 

recipients comply with grant and agency agreements and funds are used as intended. 

In the Investigations operational area, OIG has established eight priorities for FY 2023:

Threats Against Treasury Employees and Facilities

Our highest priority is investigating threats against Treasury employees and facilities. These 

efforts are critical in ensuring safety for the Department and require prompt attention and 

coordination with Federal, State, and local authorities.

Criminal and Serious Treasury Employee Misconduct

OIG investigates complaints involving alleged criminal and other serious misconduct by 

Treasury employees. OIG also investigates allegations of the general crimes enumerated in Title 

18 of the U.S. Code, other Federal crimes, alleged violations of the Ethics in Government Act, 

and allegations of serious misconduct prohibited by the Standards of Ethical Conduct for 

Employees of the Executive Branch. Several Treasury bureaus and offices have additional rules 

and regulations relating to ethical standards for their own employees, and we investigate 

complaints of alleged violations of these rules and regulations.

Cyber Threats Against Treasury Systems and Cyber Enabled Financial Crimes Fraud

OIG conducts investigations into the illicit removal of Treasury-protected information from 

Treasury systems, and cyber-enabled criminal activity impacting Treasury programs and 

operations, such as Business Email Compromise, Personal Email Compromise, and other 

schemes.

Identifying and Investigating Fraud Related to Pandemic Related Acts, including the 

Coronavirus Aid, Relief, and Economic Security (CARES) Act, Consolidated 

Appropriations Act, 2021, and the American Rescue Plan Act of 2021

OIG conducts inquiries and investigations of waste, fraud, and abuse related to Title V of the 

CARES Act, which established the Coronavirus Relief Fund for State, Local, and Tribal 

governments, U.S territories, and the District of Columbia. OIG also conducts investigations 
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related to the Emergency Rental Assistance Program, Homeowner Assistance Fund, Coronavirus 

State and Local Recovery Funds, State Small Business Credit Initiative (SSBCI), Air Carrier 

Payroll Support Programs, Coronavirus Economic Relief for Transportation Services, 

Emergency Capital Investment Fund, and the Community Development Financial Institutions 

Fund Emergency Support.

Fraud Involving Treasury Contracts, Grants, Guarantees, and Federal Funds

OIG conducts investigations into allegations of fraud and other crimes involving Treasury 

contracts, grants, loan guarantees, and Federal funds. Such allegations often involve contractors, 

entities, and individuals who provide or seek to provide goods or services to the Department. 

OIG receives complaints alleging criminal or other misconduct from employees, contractors, 

members of the public, and Congress. OIG also investigates criminal activity associated with 

improper payments made due to false claims to the Treasury in relation to grant programs, such 

as the American Recovery and Reinvestment Act of 2009 and pandemic programs.

Treasury Financial Programs and Operations Crime

OIG conducts and supervises criminal investigations related to Treasury financial programs and 

operations, including the issuance of licenses, payments and benefits, and oversight of U.S. 

financial institutions. OIG investigates criminal activity associated with improper payments 

made due to false claims to the Treasury and stolen, altered, counterfeit, and fraudulently 

obtained and/or redirected Treasury payments. OIG also investigates financial institution 

employee obstruction of the examination process and bank fraud, wire fraud, embezzlement, and 

other crimes affecting the oversight of Office of the Comptroller of the Currency (OCC) 

regulated financial institutions as well as the Bank Secrecy Act/Anti-Money Laundering program 

overseen by OCC and the Financial Crimes Enforcement Network (FinCEN). 

Investigating Fraud Related to Criminals Impersonating Treasury Agents and Employees

OIG conducts investigations into criminal activity associated with individuals who attempt to 

scam citizens by fraudulently purporting to be Treasury agents or employees. These matters have 

become more prevalent and require prompt coordination with Federal, State, and local authorities 

to protect the targets of the scams.

Investigating Fraud Related to Persons Representing Themselves as “Sovereign Citizens” 

Submitting Fictitious Financial Instruments to Treasury, Financial Institutions, Private 

Companies, and Citizens

OIG conducts investigations into criminal activity associated with individuals who attempt to 

scam the Treasury, financial institutions, private companies, and citizens by submitting fictitious 

financial instruments purporting to be issued by or drawn on the Treasury, or other counterfeit 

documents, to perpetrate a variety of fraud schemes.
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C – Budget and Performance by Budget Activity

2.1.1 – Audit Resources and Measures

Dollars in Thousands

FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

 Resource Level Actual Actual Actual Actual Actual Operating 

_Plan Request

Appropriated Resources $24,413 $25,699 $30,524 $30,524 $31,095 $35,853 $36,103 

Reimbursable $6,116 $6,236 $9,000 8,261 $22,122 $22,122 $22,122 

Budget Activity Total $30,529 $31,935 $39,524 $38,785 $53,217 $57,975 $58,225 

Full-time Equivalents (FTE) 115 119 128 136 144 159 159

Performance Measure FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2024

Actual Actual Actual Actual Actual Target Target Target

Number of Completed Audit 

Products 91 79 85 80 74 82 82

Percent of Statutory Audits 

Completed by the Required 

Date

100 100 100 100 100 100 100

Audit Budget and Performance

($36,103,000 from direct appropriations, and $22,122,000 from reimbursable resources):

The Office of Audit (OA) conducts audits intended to ensure the accountability of resources, 

protect information, and provide recommendations for improving the integrity, economy, 

efficiency, effectiveness, of programs and operations within the Department and within OIG’s 

jurisdictional boundaries, which include those of the Council. The requested funding for 

FY 2024 is necessary to perform mandated work (including audits/assessments of financial 

statements, information systems security program and practices, cyber security information 

sharing, improper payments and recoveries, charge card programs, and material loss reviews of 

failed insured depository institutions regulated by the OCC, and to maintain an appropriate level 

of oversight of programs and operations consistent with the OIG’s responsibilities under the 

Inspector General Act of 1978, amended. In FY 2024, OIG will also continue to provide 

oversight of Treasury’s Government-wide role and responsibilities under the CARES Act, FY

2021 Consolidated Appropriations Act, and ARP. Reimbursable funding agreements support 

financial statement audits of Treasury and oversight of the State Small Business Credit Initiative 

and the Small Business Lending Fund. Reimbursable funding agreements also support Treasury 

financial audits for which Treasury OIG is the lead office in selecting and overseeing contractor 

selection.

Description of Performance

In FY2022, OA issued 76 products, exceeding the performance goal of 74. OA plans to complete 

82 audit products in FY 2023, and 82 in FY 2024. Audit products include audit reports, 

evaluation reports, desk reviews, the Inspector General’s Semi-Annual Reports to Congress, and 

the Inspector General’s annual memoranda to the Secretary of the Treasury and the designated 

Chairperson of the Gulf Coast Ecosystem Restoration Council, on the most significant 
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management and performance challenges facing the Department and Gulf Coast Ecosystem 

Restoration Council, respectively. 

Audit products can also include responses to specific information requests by the Congress. By 

completing independent and timely assessments of programs and operations across its 

jurisdiction, the OA supports the OIG’s mission of promoting integrity, efficiency, effectiveness 

of those programs and operations. The recommendations for improvement in programs and 

operations noted through OIG’s assessments directly support both the Treasury Department and 

the Gulf Coast Ecosystem Restoration Council in achieving their strategic goals and meeting 

their respective missions. 

2.1.2 – Investigations Resources and Measures

Dollars in Thousands

FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

 Resource Level Actual Actual Actual Actual Actual Operating 

Plan Request

Appropriated Resources $11,512 $11,344 $10,520 $10,520 $11,180 $13,025 $13,077

Reimbursable $0 $0 $0 $0 $0 $0 $0

Budget Activity Total $11,512 $11,344 $10,520 $10,520 $11,180 $13,025 $13,077

Full-time Equivalents (FTE) 42 39 39 44 44 51 51

Performance Measure FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

Actual Actual Actual Actual Actual Target Target

Percentage of All Cases Closed 

During the Fiscal Year That 

Were Referred for 

Criminal/Civil/Administrative 

Action

98 80 91 100 100 80 80

Investigations Budget and Performance 

($13,077,000 from direct appropriations): 

The Office of Investigations (OI) prevents, detects, and investigates complaints of fraud, waste, 

and abuse impacting Treasury programs and operations. This includes the detection and 

prevention or deterrence of employee misconduct and fraud or related financial crimes within or 

directed against Treasury. OI refers its cases to the Department of Justice, state or local 

prosecutors for criminal prosecution or civil litigation, or to agency officials for corrective 

administrative action. 

• With almost $3 billion in U.S. Treasury related contracts, there is an increased risk of 

contract fraud across all U.S. Treasury bureaus and programs. OI initiated a program of 

providing integrity briefs to contract personnel notifying them of the responsibilities to report 

fraud, waste, and abuse within U.S. Treasury contracts and programs. OI works with the 

U.S. Department of Justice to prosecute False Claims Acts in federal court to recover funds 

through civil penalties. Additionally, OI conducts criminal investigations to prosecute 

contractors engaging in fraudulent activity, such as, kickbacks, product substitution, bid 

manipulation, and many other types of contract fraud. OI continues to work allegations 

directly impacting the American Reinvestment and Recovery Act and the Gulf Coast 

Restoration Trust Fund, and the Pandemic Programs within Treasury OIG’s jurisdiction. 
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OI directs investigative efforts toward those that subvert bank examination processes, and/or 

perpetrate fraud impacting the Bank Secrecy Act oversight responsibilities of Treasury bureaus, 

subsequently defrauding the nation’s financial infrastructure, and eroding the public’s trust.

In addition to the grant programs listed above, the OI has seen a noted increase in fraud 

impacting other significant Treasury programs and operations, including leaks of Treasury 

information, as well as fraud impacting the Treasury payment processing service operated by the 

Bureau of Fiscal Service. OI remains committed to investigating benefit, improper payment and 

other monetary fraud associated with the programs and operations of the Treasury Department. 

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. 

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.

Description of Performance

The Investigative Performance Measure is a percentage of all cases closed by OI during the 

fiscal year referred to Department Bureaus for administrative action or for criminal or civil 

prosecution by Federal or local prosecutors. The goal for OI is that at least 80 percent of closed 

cases meet the aforementioned criteria. Meeting or exceeding this goal demonstrates that OI is 

responsive to allegations and complaints referred to the office and when these referrals require 

investigation, the cases are timely, thoroughly and accurately reported to assist the Department in 

maintaining the integrity of its programs and operations, subsequently ferreting out fraud, waste, 

and abuse. The office is working to meet or exceed this measure in both FY 2023 and FY 2024.

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

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

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

also referred 13 investigations that substantiated administrative violations against a Treasury 

employee to the appropriate regulated bureau for action. In addition, the OI 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.

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.
OIG-15

Section III – Additional Information

A – Summary of Capital Investments

The OIG has no capital investments. Capital investments that support the OIG are included in 

the Departmental Offices plan.

A summary of capital investment resources, including major information technology and nontechnology investments can be found at: https://www.treasury.gov/about/budgetperformance/Pages/summary-of-capital-investments.aspx