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AFMD-81-53 1 (1981-08-14)

handle is hein.gao/gaobabcho0001 and id is 1 raw text is: BY THE COMPTROLLER GENERAL Report To The Congress OF THE UNITED STATES The Air Force Has Incurred Numerous Overobligations In Its Industrial Fund The Air Force has incurred numerous overob- ligations in its industrial fund in rec~nt years, ranging up to $210 million, and has not re- ported the deficiencies to the President and the Congress as required by law. Further, the Air Force illegally adjusted balances on its ,yearend accounting reports. Because of these ,adjustments, existing overobligations were not disclosed. The Air Force practice of obligating its indus- trial fund in excess of available budgetary re- sources, based on anticipated customer orders, !circumvents the appropriation and apportion- ,ment process and is not in accordance with the intent of the Congress or OMB guidelines. The Air Force should limit its industrial fund 'obligations to available resources and report rall violations of the Anti-Deficiency Act to the President and the Congress. 116124 AFMD-81-53 AUGUST 14, 1981 II , I I I I II 0 4f F17'r= o/1 6, 1J&J2q 94*