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Federal real property : Government's fiscal exposure from repair and maintenance backlogs is unclear : report to the Committee on Oversight and Government Reform, House of Representatives.
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- Book
- Government document
- Author/Creator:
- United States. Government Accountability Office
- Language:
- English
- Subjects (All):
- Administrative agencies--United States--Rules and practice.
- Administrative agencies.
- Government property--United States--Maintenance and repair.
- Government property.
- Real property--Maintenance and repair--Evaluation.
- Real property.
- Government property--Maintenance and repair.
- United States.
- Genre:
- Rules.
- Physical Description:
- ii, 31 pages : digital, PDF file
- Other Title:
- Government's fiscal exposure from repair and maintenance backlogs is unclear
- Place of Publication:
- [Washington, D.C.] : U.S. Govt. Accountability Office, [2008]
- Summary:
- In 2003, GAO designated federal real property as a high-risk area. In 2007, GAO reported that real-property-holding agencies and the administration had made progress toward managing their real property, but underlying problems, such as backlogs in repair and maintenance, still existed and six agencies reported having over $1 billion in repair and maintenance backlogs. Owning real property creates a fiscal exposure for the government from the expectation that agencies will incur future maintenance and operations costs. GAO was asked to (1) describe how six agencies estimate their repair and maintenance backlogs, (2) determine how these agencies manage their backlogs and the expected future changes in these backlogs, and (3) identify how backlogs have affected operations at some sites. To provide a realistic estimate of the government's fiscal exposure from backlogs, GAO recommends that the Office of Management and Budget (OMB), in consultation with the Federal Accounting Standards Advisory Board, explore the potential for adding a uniform reporting requirement to the Federal Real Property Profile to capture the government's fiscal exposure related to real property repair and maintenance.
- Notes:
- Title from title screen (viewed Nov. 20, 2008).
- "October 2008."
- Includes bibliographical references.
- "GAO-09-10."
- OCLC:
- 275579748
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