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GAO-01-432R 1 (2001-02-26)

handle is hein.gao/gaocrptancg0001 and id is 1 raw text is: SGAO Accountability * Integrity Reliability United States General Accounting Office Washington, DC 20548 February 26, 2001 The Honorable Pete V. Domenici Chairman Committee on the Budget United States Senate Subject: Budget Issues: Incremental Funding of Capital Asset Acquisitions Dear Mr. Chairman: In your August 23, 2000, letter you asked us to (1) identify the extent to which capital projects are funded incrementally; (2) illustrate the effects of incremental funding by assessing the implications for future DOD budgets if the Navy's shipbuilding and conversion account were to change from full to incremental funding; (3) examine the consequences of the past use of incremental funding, including lease-purchases, at civilian agencies and the Department of Defense (DOD); and (4) provide ideas that might be helpful to the Congress in promoting more-effective budgeting for capital asset acquisitions. On December 21, 2000, we briefed the Committee staff on the results of our work. As agreed with your office, we later briefed the staffs of the Senate Committee on Armed Services, Senate Committee on Appropriations, and the House Committee on Appropriations. This letter summarizes our work and transmits briefing slides. To identify incrementally funded projects, we reviewed fiscal year 2001 Budget Justifications and agency documentation for 18 agencies involving approximately 700 individual projects. We identified projects that have received funding through fiscal year 2000 and are still in progress. To illustrate the effects of incremental funding on the Navy's shipbuilding and conversion account, we used the Navy's fiscal year 2002 Program Objective Memorandum to determine the full-funding baseline and developed four notional incremental funding scenarios. To examine the consequences of past incremental funding, we researched prior GAO work in this area. We conducted our review between August and December 2000 in accordance with generally accepted government auditing standards. We obtained comments from DOD, Army Corps of Engineers, NASA, Federal Bureau of Prisons, and the U.S. Coast Guard on the slides relevant to each. The agency officials concurred with the accuracy of the information contained in the slides. The Office of Management and Budget (OMB) reviewed the entire briefing and concurred with our position on full funding. GAO-01-432R Incremental Funding of Capital Assets

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