Army Working Capital Fund, Army industrial operations could improve budgeting and management of carryover : report to the Subcommittee on Readiness and Management Support, Committee on Armed Services, U.S. Senate.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office, author.

Contributor:

United States. Congress. Senate. Committee on Armed Services. Subcommittee on Readiness and Management Support, sponsoring body.

Language:

English

Subjects (All):

United States. Army--Ordnance and ordnance stores--Finance--Management.

United States.

United States. Army--Equipment--Maintenance and repair--Finance--Management.

United States. Army--Rules and practice--Evaluation.

United States. Army.

Working capital--United States.

Working capital.

Physical Description:

1 online resource (ii, 39 pages) : illustrations

Other Title:

Army industrial operations could improve budgeting and management of carryover

Army industrial operations carryover

Place of Publication:

[Washington, D.C.] : United States Government Accountability Office, 2016.

Summary:

Industrial Operations' activities support combat readiness by providing depot maintenance and ordnance services to keep Army units operating worldwide. To the extent that these activities do not complete work ordered and funded by fiscal year-end, the work and related funding will be carried over into the next fiscal year. DOD established a formula based on new orders from customers for determining the allowable carryover as defined by DOD's Financial Management Regulation. GAO was asked to review issues related to carryover. GAO's objectives were to determine (1) the extent to which Industrial Operations' actual carryover differed from allowable amounts and reasons for differences; (2) the extent to which Industrial Operations' budgeted carryover differed from actual carryover, reasons for differences, and actions Army is taking to improve related budgeting; and (3) the key drivers for orders with large carryover balances and the extent to which the Army is taking actions to reduce carryover. GAO reviewed carryover guidance, analyzed carryover and related data, and interviewed Army officials. GAO recommends that DOD improve the budgeting and management for carryover by establishing procedures for correctly calculating the allowable carryover, improving budget estimates on carryover, and addressing in its draft regulation scope of work and parts issues that affect carryover.

Notes:

"GAO-16-543."

Includes bibliographical references.

"June 2016"--Cover.

Online resource; title from PDF cover page (GAO, viewed June 24, 2016).

OCLC:

952183598