General Services Administration: Actions Taken to Correct Rent Expense Estimation Weaknesses
GGD-99-123
Published: Aug 19, 1999. Publicly Released: Aug 19, 1999.
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Highlights
Pursuant to a congressional request, GAO reviewed the General Services Administration's (GSA) Galaxy program for estimating the rental expenses of the Federal Buildings Fund, focusing on whether the: (1) new Galaxy program included the elements needed for tracking actual rental expenditures and forecasting future rental-of-space funding requirements; and (2) additional actions the Public Building Service (PBS) was taking to improve its budget process addressed the causes of its underestimation of the rental-of-space account.
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Topics
Cost analysisFederal agency accounting systemsFederal office buildingsFuture budget projectionsManagement information systemsRental ratesExpenditure of fundsNotice of awardFederal spendingReal property