Cash ManagementBenefits and Limitations of the Small Purchases Credit Card Program Gao ID: AFMD-90-89BR September 11, 1990
Pursuant to a congressional request, GAO provided information on the federal government's small purchases credit card program.
GAO found that: (1) seven participating agencies were generally satisfied with the small purchases credit card program, since it enabled them to reduce the paperwork needed to make purchases and expedite the procurement process; (2) agencies were generally dissatisfied with the administrative fee they paid for using the small purchases credit card; (3) the administrative fee will decline substantially as more agencies participate in the program and total government purchases with the card exceed $50 million; (4) the agencies' reported savings to the Department of Treasury could be inaccurate; and (5) four of the seven reviewed agencies had various weaknesses in their implementation of the internal controls over the small purchases credit card programs.Recommendations
Our recommendations from this work are listed below with a Contact for more information. Status will change from "In process" to "Open," "Closed - implemented," or "Closed - not implemented" based on our follow up work.Director: Jeffrey C. Steinhoff Team: General Accounting Office: Accounting and Financial Management Division Phone: (202) 275-9454