Financial Management: Army Stock Fund Pricing and Refund Practices
AFMD-90-68
Published: May 09, 1990. Publicly Released: Jun 11, 1990.
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Highlights
Pursuant to a congressional request, GAO reviewed the Army's stock fund balance, focusing on: (1) whether the Army could operate with less than an 11-day cash balance; (2) how refunds made to stock fund customers affected the 11-day cash balance; and (3) how stock fund customers used the refunds.
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Topics
Budgetary reservesCash managementFederal agency accounting systemsFinancial recordsFunds managementInternal controlsInventory control systemsMilitary appropriationsMilitary inventoriesRevolving funds