Financial management (121 - 130 of 554 items)
Defense Budget: Need for Continued Visibility Over Use of Contingency Funds
GAO-01-829: Published: Jul 6, 2001. Publicly Released: Jul 6, 2001.
Since the end of the Persian Gulf War in February 1991, the Department of Defense (DOD) has reported over $25 billion in incremental costs for its overseas contingency operations. These operations include the enforcement of no-fly zones, humanitarian assistance, and peace enforcement operations. The majority of these costs ($22 billion) have been incurred in the Balkans (Bosnia and Kosovo) and Sou...
Tennessee Valley Authority: Debt Reduction Efforts and Potential Stranded Costs
GAO-01-327: Published: Feb 28, 2001. Publicly Released: Mar 7, 2001.
If the Tennessee Valley Authority (TVA) were to lose its legislative protections today, its high level of debt and corresponding high financing costs would be a competitive challenge. This competitive challenge would be even greater if it were at the same time attempting to recover costs of deferred assets through rates. Despite having reduced its debt and deferred assets over the past three years...
Abstracts of Reports and Testimony: Fiscal Year 2000
GAO-01-558SP: Published: Mar 1, 2001. Publicly Released: Mar 1, 2001.
The U.S. General Accounting Office (GAO) is an independent, nonpartisan agency in the legislative branch. GAO provides Congress with the best information available to help members make informed oversight, policy, and funding decisions. GAO meets Congress' information needs by (1) evaluating how government programs and policies are working, (2) auditing agency operations to determine whether federa...
Budget Issues: Incremental Funding of Capital Asset Acquisitions
GAO-01-432R: Published: Feb 26, 2001. Publicly Released: Feb 26, 2001.
This report identifies civilian nondefense agency capital projects with estimated costs of $175.6 billion, based on agency budget justifications and other data. Costs for incrementally funded and high technology civilian projects are estimated at $154.7 billion. Of this amount, $78.5 billion in budget authority has been provided through fiscal year 2000, leaving $76.2 billion of budget authority s...
Long-Term Budget Issues: Moving From Balancing the Budget to Balancing Fiscal Risk
GAO-01-385T: Published: Feb 6, 2001. Publicly Released: Feb 6, 2001.
In this statement, the Comptroller General discusses the fiscal policy challenges facing Congress and the nation. The focus of tax administration and budgeting are shifting because of current and projected budget surpluses. The Comptroller General speaks of the need for fiscal responsibility when using surplus projections to design tax and spending policies. These projections are based on a set of...
Federal Accounting and Reporting: Framework for Assessing the Reliability of Budget Execution Data Is Not Yet Fully Implemented
GAO-01-43: Published: Oct 6, 2000. Publicly Released: Oct 6, 2000.
Beginning with fiscal year (FY) 1998, federal agencies were required to prepare a Statement of Budgetary Resources (SBR) as one of their primary financial statements. GAO's review of 22 major budgetary accounts at 10 agencies, constituting approximately 77 percent of FY 1999 net outlays, showed that the federal accounting and reporting framework was properly implemented for 14 accounts constitutin...
Office of Management and Budget: Future Challenges to Management
T-GGD/AIMD-00-141: Published: Apr 7, 2000. Publicly Released: Apr 7, 2000.
Pursuant to a congressional request, GAO discussed the management challenges facing the Office of Management and Budget (OMB), focusing on the broader challenges facing the nation and the federal government now and in the future and their implications for central leadership approaches in general, and OMB in particular.GAO noted that: (1) the nation faces a wide range of challenges and opportunitie...
Defense Budget: Visibility and Accountability of O&M Fund Movements
T-NSIAD-00-98: Published: Feb 29, 2000. Publicly Released: Feb 29, 2000.
Pursuant to a congressional request, GAO discussed the Department of Defense's (DOD) fiscal year (FY) 2001 budget as it relates to readiness needs, focusing on: (1) identifying the aggregated differences between the amounts Congress initially designated for the operation and maintenance (O&M) subactivities and those DOD reported as obligated for the same subactivities; (2) identifying those O&M su...
Accrual Budgeting: Experiences of Other Nations and Implications for the United States
AIMD-00-57: Published: Feb 18, 2000. Publicly Released: Feb 18, 2000.
Pursuant to a congressional request, GAO reviewed other countries' experiences in accrual budgeting, focusing on: (1) countries' reasons for shifting to accrual budgeting; (2) the ways other countries are using accrual-based information in the budget; (3) the implications of accrual budgeting for decision-making; (4) the key implementation challenges (technical and political) associated with the u...
Congressional Oversight: Opportunities to Address Risks, Reduce Costs, and Improve Performance
T-AIMD-00-96: Published: Feb 17, 2000. Publicly Released: Feb 17, 2000.
Pursuant to a congressional request, GAO discussed the budget and oversight challenges facing the federal government, focusing on ways to: (1) address activities at risk of fraud, waste, abuse, and mismanagement; (2) improve the economy and efficiency of federal operations; (3) reassess what the federal government does; and (4) redefine the beneficiaries of federal government programs.GAO noted th...