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GGD-84-23 1 (1983-10-13)

handle is hein.gao/gaobabehr0001 and id is 1 raw text is: REPORT BY THE Comptroller General OF THE UNITED STATES OPM's Revolving Fund Policy Should Be Clarified And Management Controls Strengthened The Office of Personnel Management operates a revolving fund through which it finances background investigations, training, and other reimbursable programs. OPM's policy states, as a general rule, that its authority to spend money on reimbursable work will be limited to the amount of income generated. But OPM officials have different interpre- tations of the period of time over which each revolving fund activity should recover its costs, Individual revolving fund activities accumulated surpluses and deficits over several years. During fiscal year 1981, OPM wasfaced with the possibility of ceasing its revolving fund activities because it did not have enough funds to pay the costs of its operations. GAO believes that defining the statutory concept of operating each revolving fund activity on an actual cost basis over a reasonable period of time may help prevent this situation from occurring again. Further, although OPM has improved its management controls, additional improvements would be helpful. OPM generally agreed with GAO's recommendations to improve its revolving fund management. \- IDJ STp ) C GAO/GGD-84-23 jccous,\ OCTOBER 13, 1983

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