Carryover Balances in Selected Programs
T-NSIAD-96-207: Published: Jul 18, 1996. Publicly Released: Jul 18, 1996.
- Full Report:
GAO discussed the extent of carryover budget balances for the National Aeronautics and Space Administration's (NASA) Mission to Planet Earth program and other NASA programs. GAO noted that: (1) certain NASA program appropriations are available for obligation over a 2-year period; (2) carryover balances in these program areas totalled $3.6 billion by the end of fiscal year (FY) 1995; (3) NASA estimated that $654 million in total budget authority from these programs would be carried over from FY 1996; (4) NASA expects $631 million in program funding to be carried over in FY 1998; (5) large carryover balances are due in part to NASA banking its budget authority to cover costs incurred in later years; (6) NASA and its chief financial officer have recommended actions to reduce carryover balances that exceed certain thresholds; and (7) carryover balances should be examined over time to better determine the thresholds for individual programs.