Defense Business Operations Fund

AIMD-94-7R: Published: Oct 12, 1993. Publicly Released: Oct 12, 1993.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO provided information on the Department of Defense's (DOD) departmentwide review of the implementation and operation of the Defense Business Operations Fund. GAO found that: (1) in 1993, DOD established a review team to review the Fund's organization, education and training, budget, accounting policy, centralized system development, financial management systems, cash management, and financial reporting; (2) the DOD decision to exclude certain activities from the Fund is compromising the Fund's underlying funding principles and may decrease DOD incentives to reduce costs; (3) DOD needs to reinforce the Fund's original concept of identifying total operational and overhead costs so that it can take appropriate cost reduction actions, adopt a sound cash management policy, and ensure that it has accurate cash forecasts and financial reports and the full support of DOD; (4) DOD may not be able to meet task completion dates for the Fund's Improvement Plan because of a lack of leadership and inaccurate information; and (5) DOD needs to appoint a high-level director to oversee the management of the Fund and ensure that the Fund is effectively and efficiently implemented.

Mar 14, 2018

Mar 13, 2018

Mar 8, 2018

Mar 7, 2018

Feb 28, 2018

Feb 27, 2018

Feb 23, 2018

Feb 16, 2018

Jan 30, 2018

Looking for more? Browse all our products here