Energy Management: Use of Uncosted Balances to Meet Budget Needs (Fact
Sheet, 06/06/94, GAO/RCED-94-232FS).

This fact sheet provides information on uncosted obligations held by the
Energy Department's (DOE) management and operating contractors. Uncosted
obligations are budget authority that DOE has obligated to its
contractors for goods and services that have not yet been provided and
for which costs have therefore not yet been incurred. At the end of
fiscal year 1993, uncosted obligations totaled about $9 billion for
DOE-funded programs. DOE's management and operating contractors held
about $5.7 billion of these uncosted obligations. This report discusses
the uncosted balances reported by contractors at nine DOE facilities.
GAO identified uncosted balances related to ongoing programs that could
be used to offset fiscal year 1995 budget needs. GAO focused on the
funds in two areas--environmental restoration and waste management and
defense programs. These program areas had the largest uncosted
balances--$1.8 and $2 billion, respectively--at the end of fiscal year
1993.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  RCED-94-232FS
     TITLE:  Energy Management: Use of Uncosted Balances to Meet Budget 
             Needs
      DATE:  06/06/94
   SUBJECT:  Budget obligations
             Contractor payments
             Obligated budget balances
             Financial management
             Cost analysis
             Forward funding
             Internal controls
             Contract administration
             Budget authority
             Mission budgeting

             
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