Revolving Funds: Additional Pricing and Performance Information for FAA and Treasury Funds Could Enhance Agency Decisions on Shared Services

Moving to shared services, where services that multiple agencies need are consolidated within a smaller number of agencies, can save the federal government billions of dollars as well as reduce duplicative efforts, decrease systems upgrades, and free up resources for mission-critical activities. Shared services may be financed through intragovernmental revolving funds. The Government Accountability Office (GAO) was asked to evaluate the management of select revolving funds. This report assesses (1) how two agencies manage select funds that finance shared services; and (2) how these agencies manage unexpended balances in select funds. GAO selected two funds for this review—the Federal Aviation Administration (FAA) Administrative Services Franchise Fund (ASFF) and the Department of the Treasury Treasury Franchise Fund (TFF)—based on their roles as federal shared service providers and use of unexpended balances. Using GAO’s work on management of revolving funds and unexpended balances as criteria, GAO analyzed agency documentation on managing the funds and budget and financial data, and interviewed FAA and Treasury officials as well as select customer agencies of the funds. To help support efforts to expand shared services and improve the management of the funds, GAO is making three recommendations to Treasury and FAA to enhance the availability of pricing and performance information, as well as documentation of operating reserve policies of the selected funds. Treasury and FAA concurred with all of GAO’s recommendations.


  • English

Media Info

  • Media Type: Digital/other
  • Features: Appendices; Figures; References; Tables;
  • Pagination: 48p

Subject/Index Terms

Filing Info

  • Accession Number: 01599189
  • Record Type: Publication
  • Report/Paper Numbers: GAO-16-477
  • Files: TRIS
  • Created Date: May 10 2016 1:25PM