Federal Buildings Fund: Improved Transparency and Long-term Plan Needed to Clarify Capital Funding Priorities
August 3, 2012
What GAO Found
The Federal Buildings Fund’s (FBF) balance has increased from $56 million in fiscal year 2007 to $2.2 billion in fiscal year 2012 primarily due to the growing difference between the resources provided to the FBF and the General Services Administration’s (GSA) use of these funds as determined through the budgeting and appropriations process. In the last 2 years, Congress has provided fewer resources than requested by the executive branch and generated by the FBF. Office of Management and Budget (OMB) staff and GSA officials stated that if GSA were able to spend all of the funds collected by the FBF each year, these funds would generally be sufficient to fund GSA’s needs. However, GSA, through the annual President’s Budget Request, has sought less obligational authority than the balance available in the fund. While the FBF’s balance has increased, various factors have limited the fund’s income.