Financial Management: DOD's Efforts to Improve Operations of the Defense
Business Operations Fund (Testimony, 03/24/94, GAO/T-AIMD/NSIAD-94-146).

This testimony presents GAO's views on the Defense Department's (DOD)
operation and management of the Defense Business Operations Fund.  The
fund, which started up in 1989, will have estimated revenues of about
$77 billion in fiscal year 1995, making it equivalent to some of the
world's largest corporations.  The fund operates on a break-even basis
and provides the military services with goods and services, such as the
overhaul of ships, tanks, and aircraft, as well as more than five
million types of vital inventory, such as aircraft landing gear.  GAO
discusses DOD's (1) progress in improving fund operations, (2)
development of the fiscal year 1995 prices the fund will charge its
customers, and (3) management of the fund's capital asset program.

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

 REPORTNUM:  T-AIMD/NSIAD-94-146
     TITLE:  Financial Management: DOD's Efforts to Improve Operations 
             of the Defense Business Operations Fund
      DATE:  03/24/94
   SUBJECT:  Industrial funds
             Defense cost control
             Defense budgets
             Federal agency accounting systems
             Funds management
             Accounting procedures
             Revolving funds
             Internal controls
             Financial records
             Financial management
IDENTIFIER:  Defense Business Operations Fund
             Defense Business Operations Fund Improvement Plan
             CIM
             DOD Defense Management Review
             DOD Asset Capitalization Program
             DOD Corporate Information Management Initiative
             
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