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Cash Management Policy and Procedures Need Improvement

FGMSD-78-20 Published: Mar 17, 1978. Publicly Released: Mar 17, 1978.
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Highlights

A recent review showed that the Department of Defense's (DOD) cash-on-hand balances exceeded requirements by about $50 million. If this money had been returned to the Treasury, Government interest costs could have been reduced by about $3.2 million annually.

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Topics

Auditing and Financial Management
AccountingBank managementCash managementFinancial managementForeign currencyLending institutionsLoan interest ratesMilitary budgetsMilitary forcesShips