Skip to main content

Department of the Treasury  agency seal

Agency Plans and Reports

Mission

Maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic growth and stability at home and abroad, strengthen national security by combating threats and protecting the integrity of the financial system, and manage the U.S. Government’s finances and resources effectively.

Overview

Treasury's mission highlights its role as the steward of U.S. economic and financial systems, and as an influential participant in the world economy.

The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. The Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise standards of living, and to the extent possible, predict and prevent economic and financial crises. The Treasury Department also performs a critical and far-reaching role in enhancing national security by implementing economic sanctions against foreign threats to the U.S., identifying and targeting the financial support networks of national security threats, and improving the safeguards of our financial systems.

To access additional agency performance documents visit the agency’s website.



Gears of Government Awards Hall of Winners

The Gears of Government Awards recognize individuals and teams across the Federal workforce whose dedication supports exceptional delivery of key outcomes for the American people, specifically around mission results, customer service, and accountable stewardship.

Department of the Treasury award winners are listed below.


See All Agency Winners ❯


Avatar

Department of the Treasury

  • Linda Bailey
  • Stephanie Thomas
  • Kelly Holtzclaw
  • Lydia Washington
  • Tracy Garrett

Department of the Treasury

Distributed approximately 70,000 currency readers to blind or visually-impaired individuals and promoted smartphone currency identifier apps to assist with daily cash transactions. The team’s efforts resulted in approximately 85,000 downloads.

Agency Award

Avatar

Department of the Treasury

  • Ed Choy
  • Valentino DeVito

Department of the Treasury

Developed a bank note security sensor to detect counterfeit bank notes for cash processing operations. The technology flawlessly processed over six million U.S. currency notes and allowed for the elimination of another tool, saving an estimated $4 million per year.

Agency Award

Avatar

Department of the Treasury

  • Todd Egaas
  • Michael Beebe
  • Mark Cottrell
  • Kirsten Witter
  • Edward Killen

Department of the Treasury

Saved $3 million from being sent to fraudulent actors who had stolen individuals' identity.

Agency Award

Avatar

Department of the Treasury

  • Adam Fett
  • Erika King
  • Robert Owens
  • Alex Senger

Department of the Treasury

Launched the Enhanced Budget Monitoring & Forecasting tool with faster, more accurate budget forecasting functionality. The tool provides real-time budget execution visibility and reduces reporting requirements on staff.

Agency Award

Avatar

Department of the Treasury

  • Cathy Higgenbotham
  • Lenora Stiles
  • Steven Brand

Department of the Treasury

Reduced undue, redundant, and conflicting acquisition policies by approximately 55% during the “Acquisition Policy Diet” effort, thereby streamlining acquisitions and lowering risk.

Agency Award

Avatar

Department of the Treasury

  • Renata Maziarz
  • Justin Marisco
  • Mica Meintel-Wade
  • Linnea Powell

Department of the Treasury

Launched datalab.usaspending.gov to provide American taxpayers with more transparency into $4 trillion of annual Federal spending. The team used open source code to give stakeholders access to federal data assets that show how the government is delivering results and value.

Agency Award

Avatar

Department of the Treasury

Foreign Payments Practice Team

Click here to view the team and more information.

X

Department of the Treasury,
Foreign Payments Practice Team

Agency Award

  • Trevon Singh
  • Allen Todd
  • Awo Mansah Archamgong-Gray
  • Alexander Ferrer
  • Mei Qian Cen
  • Karen Johnson
  • Nicholas Marino
  • Matthew Novak
  • Cathryn Charlene Phelps
  • Zaida Imar Roman Gonzalez
  • Robert Simmons
  • Tisun Wing
  • Cherrie Mayberry-Jones

Ensured that all valid, registered Financial Intermediaries met their Foreign Account Tax Compliance Act (FATCA) Reporting obligations and updated FATCA registration system to provide new functions, capabilities, and process improvements. The team’s work allows for more cost effective analysis of data.

Avatar

Department of the Treasury

  • Janet Scalese
  • Gracie Joy

Department of the Treasury

Enhanced the approval process for alcohol bottle labeling to ensure timely and accurate information for consumers and an efficient process for suppliers.

Agency Award

placeholder-agency-graphic

Thomas Smith

Department of the Treasury


Thomas Smith

Spearheaded creation of Certified Professional Employer Organization process at IRS for third-party payers; certification provides assurance to employers that third party payment entities would pay employment taxes and not expose job creators, inadvertently or otherwise, to tax liability.

Agency Award

placeholder-agency-graphic

Truc-Chi Huynh Tran

Department of the Treasury


Truc-Chi Huynh Tran

Led the development of a new, highly-innovative security feature for future banknotes. This has enabled the United States Currency Program to scale back other projects, saving $2 million to date.

Agency Award

Avatar

Department of the Treasury

Field Assistance Scheduling Team

Click here to view the team and more information.

X

Department of the Treasury,
Field Assistance Scheduling Team

Agency Award

  • Donny Vester
  • Sandra Edmondson
  • Garret Madsen
  • Brooke Pruitt
  • Cheryl Hemphill
  • Charles Swayzer
  • Troy Staccardo
  • Rochelle Thurman

Deployed the Field Assistance Scheduling Team (FAST) tool to help taxpayer assistance centers save almost 70,000 phone assister hours for use elsewhere by more efficiently handling taxpayer issues during peak demand periods.