Lapsed Accounts

Army, Navy, and Air Force 'M' and Merged Surplus Authority Account Balances Gao ID: NSIAD-90-170 May 22, 1990

Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) use of M accounts and merged surplus authority balances.

GAO found that: (1) agencies maintained M accounts by appropriation to transfer unliquidated obligated balances; (2) agencies maintained merged surplus authority accounts to withdraw unobligated and deobligated balances; (3) Army, Navy, and Air Force M account and merged surplus authority totalled about $18 billion and $25 billion, respectively, at the end of fiscal year 1989; and (4) Congress limited the services' ability to restore funds.

The Justia Government Accountability Office site republishes public reports retrieved from the U.S. GAO These reports should not be considered official, and do not necessarily reflect the views of Justia.