The Government's Use of 'M' and Merged Surplus Accounts

T-AFMD-90-26: Published: Aug 2, 1990. Publicly Released: Aug 2, 1990.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO discussed the government's use of M and merged surplus accounts and provided perspectives on legislation to strengthen control and oversight of those accounts. GAO noted that: (1) at the end of fiscal year (FY) 1989, M accounts for executive agencies totalled over $28 billion, and the military services accounted two-thirds of that amount; (2) M account balances for the military services grew from $2.7 billion in FY 1980 to $18.5 billion in FY 1989; (3) in FY 1989, there were 1,362 individual payments of $500,000 or more, totalling $8.1 billion, from accounts; (3) the Agency for International Development (AID) was the second largest user, making 367 payments valued at almost $1.3 billion; and (4) there were 36 restorations over $500,000 in FY 1989, amounting to $320 million, and while the military services accounted for over two-thirds of this amount, AID accounted for less than $1 million. GAO believes that: (1) the proposed legislation needs better financial information on the status of appropriations; and (2) there is a need for leadership to improve reporting and control over appropriations.

Jul 18, 2018

Jul 17, 2018

Jul 16, 2018

Jun 28, 2018

May 31, 2018

May 24, 2018

May 10, 2018

Apr 17, 2018

Apr 5, 2018

Looking for more? Browse all our products here