Summary of a Report--Revolving Funds: Full Disclosure Needed for Better Congressional Control

PAD-77-25(a) Published: Aug 30, 1977. Publicly Released: Aug 30, 1977.

Highlights

Because of the way some revolving funds are currently included in the Federal budget, the total amount of Government activities is understated; for example, by an estimated $28 billion in fiscal year (FY) 1978.

Full Report

Full Report (16 pages)

Office of Public Affairs

Chuck Young

Managing Director

youngc1@gao.gov

(202) 512-4800

Topics

Budget and Spending

Accounting systemsAppropriationsBid evaluationBudgetsCongressional oversightEvaluation criteriaFinancial disclosureFinancial managementRevolving fundsFederal budget