Auditing and Financial Management:

[Comments on GPO's Use of Balances in Revolving Fund for Operating Expenses]

B-260606: Published: Jul 25, 1997. Publicly Released: Jul 25, 1997.

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The Government Printing Office (GPO) requested an opinion concerning the use of balances credited to GPO's revolving fund. GAO held that: (1) GPO could use so-called "fiduciary" funds in its revolving fund to meet its daily operating costs to the extent it has earned those funds and has not already obligated them for another purpose; (2) advances from government customers that represent orders placed but not yet filled have been earned and are thus available to support GPO operations; and (3) advances from government customers that are in anticipation of orders to be placed in the future are not earned and are not available to GPO.

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