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Budget and Spending: Budget Estimates for Fiscal Year 1986

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Report Type Reports and Testimonies
Report Date March 4, 1985
Report No. 126388
Subject
Summary:

Testimony was given concerning a $1 million budget request for the operation of the Railroad Accounting Principles Board for fiscal year (FY) 1986. To date, six board members have been appointed who will establish the accounting principles to be used by Interstate Commerce Commission regulated rail carriers. The Board has held a preliminary meeting and has begun soliciting views of interested parties on what issues need to be addressed. The FY 1986 budget request represents the amount authorized by the amended Staggers Rail Act for the annual operation of the Board. The budget estimated will be allocated as follows: (1) $784,000 for personnel costs; (2) $85,000 for travel costs; (3) $56,000 for contractual services, computer services, and reimbursement to other government agencies for services; and (4) $75,000 for building space and administrative costs.

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