Financial Management:

Analysis of Operating Cash Balance of the Defense Logistics Agency's Stock Fund

AFMD-90-75: Published: Jul 5, 1990. Publicly Released: Aug 6, 1990.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO provided information on: (1) whether the Defense Stock Fund, managed by the Defense Logistics Agency (DLA), could operate at less than the currently required 11-day operating cash balance; (2) how refunds made to stock fund customers affected the 11-day balance; and (3) how stock fund customers used the refunds.

GAO found that: (1) the Defense Stock Fund has operated with less than an 11-day operating cash balance; (2) during fiscal years (FY) 1988 and 1989, stock fund monthly operating balances ranged from 1.6 to 17 days of cash; (3) the Department of Defense's (DOD) yearend operating cash balances have been less than the 11-day requirement; (4) operating cash balances for FY 1988 and 1989 showed that the average monthly fluctuation was 4.4 days; (5) DLA has made substantial refunds from the stock fund to its customers, about $5.6 billion since 1985; and (6) the largest refunds were given to DOD stock fund customers in FY 1986 and 1987, and the military services were also recipients of refunds during those years.

Nov 16, 2020

Nov 10, 2020

Nov 9, 2020

Nov 6, 2020

Oct 13, 2020

Sep 30, 2020

Sep 9, 2020

Looking for more? Browse all our products here