GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
In fiscal year 2019, our work yielded a record $214.7 billion in financial benefits, a return of about $338 for every dollar invested in us. We also identified 1,418 other benefits that led to better services for the American people and other improvements across government.
The federal government spends billions of dollars to operate and maintain its real property assets, which include buildings, roads, and bridges. Agencies are responsible for managing these assets efficiently and cost-effectively.
We identified 6 key characteristics of effective asset management.
Since fiscal year 1995, the John F. Kennedy Center for the Performing Arts (Center) has been responsible and received federal funding for implementing capital improvement projects and operations and maintenance activities.