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Wednesday, July 29, 2020 | History

3 edition of Potential for excess funds in DOD found in the catalog.

Potential for excess funds in DOD

United States. General Accounting Office

Potential for excess funds in DOD

report

by United States. General Accounting Office

  • 211 Want to read
  • 38 Currently reading

Published by U.S. General Accounting Office in Washington, D.C .
Written in English

    Subjects:
  • United States. Dept. of Defense -- Appropriations and expenditures.

  • Edition Notes

    Statementby the Comptroller General of the United States.
    Classifications
    LC ClassificationsUA23.3 .U6 1985a
    The Physical Object
    Pagination1 v. (various pagings) :
    ID Numbers
    Open LibraryOL2665367M
    LC Control Number85602915

    (b) DoD Instruction , “Operation of the Defense Acquisition System,” (c) DoD Instruction , “DoD Directives Program,” Octo (d) Section , Public Law , “Making appropriations for the Department of Defense for . Nuclear modernization will receive at least $ billion more this year than last year’s $ billion if the president’s Defense Department budget request is approved. Modernization funding.

    Budget issues: potential for excess funds in DOD-March update: report to congressional requestors / By United States. General Accounting Office. Abstract "B"--P.[1].Cover title."GAO/NSIAD""March "Mode of access: Internet Topics: United States. Dept. of Defense. .   See pp. to of the GAO Red Book for a good discussion on contingent liabilities. When a contracting officer records an obligation to cover the amount of a contingent liability, he/she has not created an obligation for that amount--he/she has just .

    Bibliogov. Paperback. Book Condition: New. This item is printed on demand. Paperback. 28 pages. Dimensions: in. x in. x nt to a congressional request, GAO reviewed the Department of Defenses (DOD) fiscal year (FY) budget request for automatic data processing (ADP) resources. GAO found that: (1) DOD.   Secretary of a military department or the Secretary of Defense, without regard to the duration of 1 Exceptions include DOD authorities under sections , , , and of Title 10 of the United States Code (U.S.C.) which are not part of the normal PPBE process. See Department of Defense, Directive , Military.


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Potential for excess funds in DOD by United States. General Accounting Office Download PDF EPUB FB2

Pursuant to a congressional request, GAO reviewed the Secretary of Defense's offer to reapply $4 billion from fiscal years (FY) and appropriations to the defense budget to determine whether there were: (1) excess funds in the Department of Defense's (DOD) budget; (2) reprogramming actions and lapsing balances; and (3) possible alternatives to the current inflation compensation.

Potential For Excess Funds in DOD During the ’s DOD requested budget authority based on inflated estimates of inflation and has been unable to use appro- priated funds at the rates estimated when the funds were requested.

Get this from a library. Potential for excess funds in DOD: report. [United States. General Accounting Office.]. Get this from a library. Potential for excess funds in DOD: report.

[United States. General Accounting Office.] -- Pursuant to a congressional request, GAO reviewed the Secretary of Defense's offer to reapply $4 billion from fiscal years (FY) and appropriations to the defense. Testimony was given discussing the Department of Defense's (DOD) efforts to budget for inflation.

Unexpectedly high rates of inflation in the 's created major problems in executing defense procurement programs. During the early 's, inflation fell more rapidly than expected, creating excess funds in the defense budget. asking that we update our report, Potential For Excess Funds in DOD (GAO/NSIAD, Sept.

3, ). In particular, you requested (1) updated estimates of any inflation dividend--which we define as the appropriation of funds for inflation in defense program costs which exceed the. DoD Financial Management Regulation Volume 1, Definitions DEFINITIONS 1.

Purpose The purpose of this listing is to provide definitions for terms used in the Regulation, which are unique to the Federal Government or the Department of Defense.

This list does not define terms when the normal dictionary defini-tions are applicable. Basic Concepts. The Rainbow Series of Department of Defense standards is outdated, out of print, and provided here for historical purposes ONLY.

The following is only a partial list--a more complete collection is available from the Federation of American Scientists: DoD STD 'Orange Book', DoD Trusted Computer System Evaluation Criteria (Decem ) CSC-STD 'Green Book', DoD. For active or expired awards that have potential deobligations of excess or residual funds, the M/OAA Obligating Official may act on a request from the COR/AOR or other Obligation Manager for modification of the budget and request for deobligation of funds determined to be in excess of needs (per Section V, subsections A and B.2).

However, DoD revolving funds (except for some business areas within the Defense Business Operations Fund) are subject to apportionment by the OMB. Apportionment by the OMB precludes obligation or expenditure of funds in excess of the apportioned balance during a fiscal period. Figure is an overview of the operation of revolving funds.

DoD O&M funds are usually restricted to a specific use for a specific period of time and require separate management from other SCO funds. Some examples are: O&M funds for specific non-SA functions or billets, e.g., Humanitarian Assistance projects, Defense Cooperation in Armaments Programs, Traditional Combatant.

Paragraph is changed as follows: Excess, and Remaining, and Dormant Funds. When identifying excess funds, the ACO shall consider the type of contract/order, clauses within the contract/order, and the reason for the excess funds (e.g., if indirect rates have.

(a) General. (1) Military Departments and Defense Agencies will declare DoD property excess and use the DoD in-transit control system (ICS) as required by DoD Instruction and DLM (2) Generating activities are encouraged to retain physical custody until disposition instructions are provided to reduce processing costs; e.g., packaging, crating, handling, and transportation.

Excess defense articles provided to partner nation at a reduced price (based on the condition of the equipment) or as a grant. Partner nations pay for packing, crating, handling, and transportation (PCH&T), as well as refurbishment if applicable – EDA is “as is, where is”. What authority do I have to modify the contract and de-obligate the excess funds.

My Thoughts: I have only two options for modifying the contract to de-obligate the excess funds. The first option is a bi-lateral modification (supplemental agreement) under the authority of ©. Obligate funds only for the purposes for which they were appropriated.

31 U.S.C. § (a). Obligate funds only to satisfy the. bona fide needs of the current fiscal year. 31 U.S.C. § (a); DOD FMR, Vol. 3, Ch. 8, para. Obligate funds only if there is a genuine intent to allow the contractor to start. Pub. –, title VIII, §Nov. 26,Stat.which established on the books of the Treasury a fund entitled the “Defense Business Operations Fund” to be operated as a working capital fund under the provisions of this section and to include certain existing organizations including the Defense Finance and Accounting.

DEPARTMENT OF DEFENSE. Defense Contract Management Agency. source to replace canceled funds. The National Defense Authorization Act for (Public Lawsection of Ti Reduce excess and/or unliquidated obligated (ULO) funds throughout the life of the. In the years from FY to FYthe Department of Defense (DoD) is asking for funding that exceeds the current budget caps by a total of approximately $ billion in order to meet defense.

Department of Defense reimbursement of costs but do not authorize earning or retaining any excess funds above costs. SWB was originally the Directorate of Contracting Mission Team, As of OctoDOI had $ million5 of potentially expired funds on its books as unfilled customer orders.

These funds were potentially expired. • Identifying excess funds early allows adjustment of funds via reprogramming or in POM submission, thus better aligning funding profiles with the ability to obligate funds. • Making funds available to the program offices in a timely manner.

• Providing sufficient personnel with the appropriate expertise to program offices and. Policy & Oversight; and Working Capital Funds (WCF).

Figure 1 (on next page) indicates how DW organizations and activities align to these categories. Per the Senate Report accompanying the DoD Appropriations Bill for INTRODUCTION The National Defense Strategy (NDS) provides a clear roadmap for the Department of Defense (DoD) to focus on.Department of Defense, is in the best position to determine their requirements potential for a more dynamic strategy that could provide better financial results and the use of appropriate metrics to manage this strategy and Invests excess funds from the contributions in U.S.

Treasury non-marketable market-based securities.