Academic journal article The Government Accountants Journal

Bottom Line On-Line

Academic journal article The Government Accountants Journal

Bottom Line On-Line

Article excerpt

Federal Agencies Racing the Clock in Preparing Mission Critical Systems for Y2K The Office of Management and Budget's most recent quarterly report on the federal government's efforts to repair mission critical systems before January 1, 2000 indicates thatthe Y2K price tag has grown to $5.4 billion.

Issued on August 15, the report also shifted the U.S. Department of State from Category 2, Evidence of Progress, to Category 1, Insufficient Progress. In addition, the report stated that: Agencies now identify 7,343 mission critical systems, which is slightly more than the 7,336 identified in the May report. Of the 7,343 mission critical systems, 50 percent(3,692) are now 2000 compliant, compared to 40 percent in the previous report. This includes systems repaired, replaced and those that were already compliant

Of the 7,343 mission critical systems, 40 percent (2,910) are still being repaired; nine percent (650) are still being replaced; and one percent (91 ) will be retired.

Agencies now estimate they will spend $5.4 billion fixing the problem from fiscal year 1996 through fiscal year 2000, an increase from $5 billion in the previous report.

This is consistent with the President's budget, which anticipated that requirements would emerge over the course of the year and included an allocation to provide flexible funding to address emerging needs. …

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