United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2003-01-30 monographic deposited born digital 26 p. GA 1.13:GAO-03-275 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-275 P0b002ee18037d11a f:d03275 DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-03-275 machine generated eng fdlp REPORT GAOREPORTS-GAO-03-275 GAO-03-275 Budget obligations Defense budgets Financial management Funds management Appropriated funds Obligated budget balances Accounting errors Other Written Product A05980

As of September 30, 2001, the Navy's operating appropriations had $2.1 billion in unliquidated--or unpaid--funds that were obligated during fiscal years 1997-99. Unliquidated obligations that are no longer needed to pay for goods and services tie up funds that could be used for other permissible purposes. In addition, inaccurate obligation data result in misstatement of budgetary information. Because of the large dollar value, we examined the Navy's management of unliquidated obligations. Specifically, we reviewed a statistically representative sample of the Navy's $1.4 billion in unliquidated operating obligations valued at $50,000 or more for fiscal years 1997-99 to determine whether these obligations were (1) properly accounted for and (2) reviewed in accordance with DOD regulations. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-275/html/GAOREPORTS-GAO-03-275.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-275/pdf/GAOREPORTS-GAO-03-275.pdf GAO-03-275 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-275 Other Written Product GAO-03-275; Defense Budget: Improved Reviews Needed to Ensure Better Management of Obligated Funds; Budget obligations Defense budgets Financial management Funds management Appropriated funds Obligated budget balances Accounting errors Title 31 Section 1501 Title 31 Section 1552 Title 31 Chapter 15 31 U.S.C. 1501 31 U.S.C. 1552 31 U.S.C. Chapter 15 Volume 96 Page 814 96 Stat. 814 Public Law 97-255