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 <subject>Accounting errors</subject>
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 <subject>Data integrity</subject>
 <subject>Defense economic analysis</subject>
 <subject>Financial management</subject>
 <subject>Financial records</subject>
 <subject>Funds management</subject>
 <subject>Naval warfare</subject>
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<titleInfo>
 <title>Navy Working Capital Fund: Management Action Needed to Improve Reliability of the Naval Air Warfare Center&apos;s Reported Carryover Amounts</title>
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<abstract>According to the Department of Defense&apos;s (DOD) fiscal year 2007
budget estimates, working capital fund activity groups (depot	 
maintenance, ordnance, and research and development) will have	 
about $6 billion of funded work that will be carried over from	 
fiscal year 2007 into fiscal year 2008. The congressional defense
committees recognize that these groups need some carryover to	 
ensure a smooth work flow from one fiscal year to the next.	 
However, the committees have previously raised concern that the  
amount of carryover may be more than is needed. GAO was asked to 
determine if (1) the Naval Air Warfare Center&apos;s (NAWC) reported  
actual carryover was reliable for fiscal years 2003 through 2006 
and (2) NAWC was utilizing the required triannual review process 
to improve the reliability of its carryover information and	 
underlying financial data.</abstract>
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 <topic>Accounting procedures</topic>
 <topic>Data integrity</topic>
 <topic>Defense economic analysis</topic>
 <topic>Financial management</topic>
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 <topic>Funds management</topic>
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 <topic>Reporting requirements</topic>
 <topic>Capital accounts</topic>
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