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Financial Management: Theater Missile Defense Cooperation Account

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Report Type Reports and Testimonies
Report Date April 3, 1995
Report No. NSIAD-95-93
Subject
Summary:

In response to the National Defense Authorization Act for Fiscal Year 1994, the Defense Department (DOD) established a Theater Missile Defense Cooperation Account in the U.S. Treasury. The account was created to accept contributions from any allied foreign government or international organization for theater missile defense programs. DOD notified U.S. allies about the account, but had not received any contributions as of the end of February 1995. Thus, there were no financial transactions for GAO to assess. Beyond informing allies about the account, DOD has made no further efforts to obtain contributions. Because DOD does not anticipate any cash contributions, it has not issued regulations governing the account because it believes that they are a low priority.

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