The Operations and Financial Needs of the United States Soldiers' and Airmen's Home
HRD-77-123: Published: Aug 1, 1977. Publicly Released: Aug 1, 1977.
- Full Report:
The expenses of the United States Soldiers' and Airmen's Home have been exceeding its income, and its operations have been financed, in part, with moneys taken from the principal of its permanent fund. In October 1976, the Congress enacted legislation to provide the Home additional income.
Over the last several years, the Home has taken actions to help solve its growing financial problems. These actions did not, however, reverse the Home's financial trend. The legislation passed in 1976 can be expected to enable the Home's permanent fund to grow until about mid-1985, when the Home will again have to use moneys from the fund's principal to support part of its operations, and to extend the life of the fund until early 1999.
Matter for Congressional Consideration
Comments: Please call 202/512-6100 for additional information.
Matter: The Home's Board of Commissioners should: (1) direct that the Home's hospital be reorganized to bring it more closely in line with the health care needs of the Home's members and that the Home no longer seek accreditation as an acute care health facility; and (2) defer, at this time, requests for congressional authorization of additional revenue sources for the Home and closely monitor the Home's financial status to see whether its permanent fund balance declines again. If the fund should decline for some unexpected reason within the next few years, the Board should find out why and recommend to the Armed Services Committees the actions necessary to guarantee that the Home will remain financially healthy.