As noted, for six of the agencies listed above, the materials transmitted revise the allocations and plans for these agencies that were submitted on November 6, 1998. In monitoring Federal agency progress towards Y2K compliance, OMB has directed agencies to estimate the total FY 1999 resources necessary for Y2K compliance and related expenses. Further, OMB and the agencies have worked together to determine whether resource requirements associated with Y2K can be accommodated within appropriated levels, or whether contingent emergency funds should be allocated. For the agencies listed above, the allocation of contingent emergency funds required at this time is displayed on the enclosed table. In addition, all of the agencies listed above have been directed to provide detailed justification materials for these requirements to the committees specified in Public Law 105-277, as well as to the relevant appropriations subcommittees, concurrent with the transmittal of this allocation and plan.
Conversion is discussed.
OMB will continue to monitor agency requirements and will address additional funding needs as they emerge. Y2K compliance is predicated on agency accountability. These performance measures have proved useful in ensuring agency accountability without diverting vital resources from Y2K compliance activities to reporting requirements. Y2K Quarterly Report to the House and Senate Appropriations Committees, which includes an assessment of these performance measures and the Government's overall progress. In assessing agency progress towards compliance, OMB has focused on the four measures described above.