Navy Working Capital Fund: Management Action Needed to Improve Reliability of the Naval Air Warfare Center's Reported Carryover Amounts

Abstract

According to the Department of Defenses (DOD) fiscal year 2007 budget estimates, working capital fund activity groups (depot maintenance, ordnance, and research and development) will have about $6 billion of funded work that will be carried over from fiscal year 2007 into fiscal year 2008. The congressional defense committees recognize that these groups need some carryover to ensure a smooth work flow from one fiscal year to the next. However, the committees have previously raised concern that the amount of carryover may be more than is needed. GAO was asked to determine if (1) the Naval Air Warfare Centers (NAWC) reported actual carryover was reliable for fiscal years 2003 through 2006 and (2) NAWC was utilizing the required triannual review process to improve the reliability of its carryover information and underlying financial data.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 2007
Accession Number
AD1115646

Entities

People

  • Chris Rice
  • Francine Delvecchio
  • Greg Pugnetti
  • Hal Santarelli
  • Keith Mcdaniel
  • Mary Jo Lacasse
  • Mccoy Williams
  • Richard Cambosos
  • Steve Donahue
  • William M. Solis

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Aerial Warfare
  • Aircrafts
  • Business Administration
  • Congress
  • Contracts
  • Department Of Defense
  • Financial Management
  • Governments
  • Management Personnel
  • Money
  • Naval Warfare
  • Navy
  • Test And Evaluation
  • Test Facilities
  • United States
  • United States Government

Readers

  • Defense Financial Management and Audit.
  • Government Contracting/Procurement.
  • Logistics and Supply Chain Management.