Army working capital fund : actions needed to improve budgeting for carryover at Army ordnance activities : report to the Subcommittee on Readiness and Management Support, Committee on Armed Services, U.S. Senate.
From fiscal years 2004 through 2008, new orders received by the eight Army ordnance activities increased from $788 million to $1.5 billion. To the extent that the ordnance activities do not complete work at year end, the ordered and funded work is carried over into the next fiscal year. While past c...
| Corporate Authors: | , |
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| Format: | Government Document eBook |
| Language: | English |
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[Washington, D.C.] :
U.S. Govt. Accountability Office,
[2009]
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| Subjects: | |
| Online Access: | https://purl.fdlp.gov/GPO/LPS114613 |
| Summary: | From fiscal years 2004 through 2008, new orders received by the eight Army ordnance activities increased from $788 million to $1.5 billion. To the extent that the ordnance activities do not complete work at year end, the ordered and funded work is carried over into the next fiscal year. While past congressional defense committees recognized the need for carryover, the committees have on occasion raised concerns that carryover may be more than needed. GAO was asked to determine (1) whether the reported actual total carryover increased or decreased from fiscal years 2004 through 2008 and, if the carryover increased, the actions the Army is taking to reduce it; (2) the primary reasons for carryover at the eight ordnance activities; and (3) whether carryover amounts exceeded ceilings for fiscal years 2006, 2007, and 2008, and whether the methodology used to calculate the ceiling for the ordnance activities was reasonable. GAO analyzed reported carryover and related data at the eight activities. GAO is making three recommendations to the Department of Defense (DOD) that are aimed at (1) improving the budgeting for carryover and (2) updating the DOD Financial Management Regulation that contains guidance on carryover. DOD concurred with all three recommendations and has taken or plans to take action to implement them. |
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| Item Description: | Title from title screen (viewed on June 11, 2009). "June 2009." "GAO-09-415." Electronic resource. |
| Physical Description: | ii, 26 pages : digital, PDF file. |
| Format: | System requirements: Adobe Acrobat Reader. Mode of access: World Wide Web from GAO web site. Address as of 6/11/09: http://www.gao.gov/new.items/d09415.pdf ; current access available via PURL. |
| Bibliography: | Includes bibliographical references. |