The US Federal Housing Finance Agency announced a peer-matched budget allocation for its Office of Inspector General after concluding that the office’s original request and staffing levels were substantially above federal benchmarks. The agency did not disclose the allocation amount. Following its adoption of zero-based budgeting, the agency found that the requested inspector general budget represented 16% of its operating budget, compared with an average of about 2% across federal agencies. It also reported that inspector general employees account for 18% of its workforce, versus an average inspector general-to-agency staffing ratio of 4%. The agency said it will work with the Office of Inspector General to ensure funding is justified while supporting the office’s independence and statutory mission.
US Federal Housing Finance Agency sets peer-matched budget for inspector general after finding request nearly nine times federal average
The US Federal Housing Finance Agency has set a peer-matched budget for its Office of Inspector General after finding that its original request was nearly nine times the federal average. The request represented 16% of the agency’s operating budget, while inspector general staff account for 18% of its workforce.