Complete, accurate, and timely financial information must be readily available, and financial implications must be considered in decisionmaking. Financial systems should be integrated and meet both agency and office data needs. New information and ideas must be shared throughout the organization. Managers at all levels must ensure that NRC gets what it pays for and that the results are what NRC needs to accomplish its mission. Ongoing projects should be evaluated to ensure results justify continued funding.
Appropriate precautions ensure that waste is avoided.
To ensure maximum utility of available resources, funds should be obligated as early as practical during the fiscal year, and excess funds should be deobligated as soon as practical after project completion. Such performance assessment should evaluate planned versus actual program results as well as the comparison of program costs with program accomplishments. Good financial management is the product of competent and motivated people. Those who are given financial management responsibility must have integrity, dedication, and be well trained and qualified. They must have authority that is commensurate with their responsibility, and they must be recognized when achieving superior performance.