Defense Budget: Improved Reviews Needed to Ensure Better Management of Obligated Funds

Abstract

As of September 30, 2001, the Navy's operating appropriations had $2.1 billion in unliquidated-or unpaid-funds that were obligated during fiscal years 1997-99. Unliquidated obligations that are no longer needed to pay for goods and services tie up funds that could be used for other permissible purposes. In addition, inaccurate obligation data result in misstatement of budgetary information. Because of the large dollar value, we examined the Navy's management of unliquidated obligations. Specifically, we reviewed a statistically representative sample of the Navy's $1.4 billion in unliquidated operating obligations valued at $50,000 or more for fiscal years 1997-99 to determine whether these obligations were (1) properly accounted for and (2) reviewed in accordance with DOD regulations.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 2003
Accession Number
AD1178778

Entities

People

  • Gary L. Billen
  • Gregory Kutz
  • Linda Garrison
  • Lori Adams
  • R. K. Wild
  • Rhonda P. Rose
  • Sharon Pickup
  • Steve L. Pruitt

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accountability
  • Accounting
  • Accuracy
  • Air Force
  • Budgets
  • Business Administration
  • Congress
  • Contracts
  • Databases
  • Department Of Defense
  • Disbursements
  • Electronic Mail
  • Federal Budgets
  • Financial Management
  • Governments
  • Military Budgets
  • Money
  • Robotics
  • United States
  • Websites

Fields of Study

  • Environmental science

Readers

  • Defense Financial Management and Audit.
  • Government Contracting/Procurement.