Panama Canal Commission Estimated Revenue for Fiscal Year 1987

AFMD-86-35: Published: Apr 15, 1986. Publicly Released: Apr 15, 1986.

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GAO reviewed the estimated annual revenues for the Panama Canal Commission for fiscal year (FY) 1987.

GAO found that: (1) the Commission estimated that its FY 1987 operating revenues will amount to $444 million; (2) vessel toll and nontoll revenues are estimated to be $312 and $132 million, respectively; (3) the toll revenue estimate was based on the Commission's survey of activities and trends in the maritime industry and a vessel's tonnage forecast and toll rates for FY 1987; (4) nontoll revenues were based on the estimated costs of providing navigation services and housing; and (5) the method and assumptions the Commission used to compile the estimates provided a reasonable basis for estimating the revenue to be deposited in the Panama Canal Commission Fund for FY 1987.

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