Revolving Funds: Full Disclosure Needed for Better Congressional Control
PAD-77-25
Published: Aug 30, 1977. Publicly Released: Aug 30, 1977.
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Highlights
Because of the way some revolving funds are currently included in the Federal budget, the total amount of Government activities is understated--for example, by an estimated $28 billion in fiscal year 1978. The Federal budget should disclose the magnitude of Federal activity in such a way as to provide a basis for estimating the impact of Government activity on the economy as a whole.
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Accounting systemsBid evaluationBudgetsCongressional oversightEvaluation criteriaFinancial disclosureFinancial managementFunds managementRevolving fundsFederal budget