General Services Administration: Overestimation of Federal Buildings Fund Rental Revenue Projections
T-GGD-98-69
Published: Mar 05, 1998. Publicly Released: Mar 05, 1998.
Skip to Highlights
Highlights
Pursuant to a congressional request, GAO discussed the General Services Administration's (GSA) overestimation of its rental revenue projects for the Federal Buildings Fund (FBF) in fiscal years (FY) 1996, 1997, and 1998, and the actions it is taking to improve its future revenue projections.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Public Buildings Service | The Commissioner, Public Buildings Service, should establish an acceptable margin of error for its rental estimates, as well as a process for exploring and resolving causes of variances outside the margin adopted. |
Closed – Implemented
GSA has informed GAO in writing that it has implemented a 2-percent margin of error and developed a process for exploring and resolving variances from the 2 percent.
|
Full Report
Office of Public Affairs
Topics
Cost analysisFacility maintenanceFederal office buildingsMaintenance costsProjectionsRental ratesRepair costsRevenue estimateFederal buildingsPublic buildings