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Defense Working Capital Funds: DOD Faces Continued Challenges in Eliminating Advance Billing

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Report Type Reports and Testimonies
Report Date July 22, 1997
Report No. T-AIMD/NSIAD-97-221
Subject
Summary:

This testimony discusses the Defense Department's (DOD) working capital funds, formerly known as the Defense Business Operations Fund, which both collect and disburse more than $65 billion annually. GAO provides (1) a brief overview of fund operations and objectives, (2) a more detailed perspective of cash management operations, and (3) its concerns with the cash situation through fiscal year 1998.

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