Industrial Funds: The Department of Defense's Management of ACP Funds

NSIAD-90-202FS Published: Jun 28, 1990. Publicly Released: Jul 16, 1990.

Highlights

Pursuant to a congressional request, GAO provided information on aspects of the Department of Defense's (DOD) management of Asset Capitalization Program (ACP) funds, focusing on the DOD policy allowing industrial fund activities to obligate ACP funds without reserving the necessary assets to fund obligations as they became due.

Full Report

Full Report (14 pages)

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Topics

National Defense

Appropriated fundsAssetsBudget obligationsBudgetary reservesDefense budgetsDefense procurementFunds managementIndustrial fundsPast fiscal yearMilitary forces