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B-260606 1 (1997-07-25)

handle is hein.gao/gaobablrf0001 and id is 1 raw text is: G AO United States General Accounting Office Washington, D.C. 20548 Office of the General Counsel B-260606 July 25, 1997 The Honorable Michael F. DiMario Public Printer U.S. Government Printing Office Dear Mr. DiMario: You have requested our opinion concerning the use of balances credited to the Government Printing Office's (GPO's) revolving fund established under 44 U.S.C. § 309. Specifically, you ask whether you may use balances in the fund that you refer to as fiduciary funds to meet the normal operating expenses of GPO. The fiduciary funds consist of balances for such items as advances from customers, accrued salaries and leave, and estimated incentives and lump-sum leave payments for expected early retirements. In the past, GPO has experienced significant cash shortages in its revolving fund due to increasing costs, which it was unable to pass on to its customers. These shortages threatened GPO's ability to fund its daily operating costs. You advise that auditors informed you that money that GPO has traditionally restricted as fiduciary funds can be used to cover the costs of daily operations. You are concerned that using fiduciary funds to pay for operating expenses may conflict with the holding in a 1992 Comptroller General decision, 71 Comp. Gen. 224 (1992). In that decision the Comptroller General concluded that the National Technical Information Service (NTIS) could not use funds advanced by customers except to cover expenses directly related to services performed or to be performed for those customers. GPO finances most of its operations out of its revolving fund. The fund is available, without fiscal year limitation, for-- the operation and maintenance of the Government Printing Office (except for those programs of the Superintendent of Documents which are funded by specific appropriations) ... 1238626

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