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Federal real property : Government's fiscal exposure from repair and maintenance backlogs is unclear : report to the Committee on Oversight and Government Reform, House of Representatives.

Author: United States. Government Accountability Office.; United States. Congress. House. Committee on Oversight and Government Reform.
Publisher: [Washington, D.C.] : U.S. Govt. Accountability Office, [2008]
Edition/Format:   eBook : Document : National government publication : English
Summary:
In 2003, GAO designated federal real property as a high-risk area. In 2007, GAO reported that real-property-holding agencies and the administration had made progress toward managing their real property, but underlying problems, such as backlogs in repair and maintenance, still existed and six agencies reported having over $1 billion in repair and maintenance backlogs. Owning real property creates a fiscal exposure  Read more...
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Details

Genre/Form: Rules
Rules and practice
Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: United States. Government Accountability Office.; United States. Congress. House. Committee on Oversight and Government Reform.
OCLC Number: 275579748
Notes: Title from title screen (viewed Nov. 20, 2008).
"October 2008."
"GAO-09-10."
Description: ii, 31 pages : digital, PDF file
Details: System requirements: Adobe Acrobat Reader.; Mode of access: World Wide Web from GAO web site. Address as of 11/20/08: http://www.gao.gov/new.items/d0910.pdf; current access available via PURL.
Other Titles: Government's fiscal exposure from repair and maintenance backlogs is unclear

Abstract:

In 2003, GAO designated federal real property as a high-risk area. In 2007, GAO reported that real-property-holding agencies and the administration had made progress toward managing their real property, but underlying problems, such as backlogs in repair and maintenance, still existed and six agencies reported having over $1 billion in repair and maintenance backlogs. Owning real property creates a fiscal exposure for the government from the expectation that agencies will incur future maintenance and operations costs. GAO was asked to (1) describe how six agencies estimate their repair and maintenance backlogs, (2) determine how these agencies manage their backlogs and the expected future changes in these backlogs, and (3) identify how backlogs have affected operations at some sites. To provide a realistic estimate of the government's fiscal exposure from backlogs, GAO recommends that the Office of Management and Budget (OMB), in consultation with the Federal Accounting Standards Advisory Board, explore the potential for adding a uniform reporting requirement to the Federal Real Property Profile to capture the government's fiscal exposure related to real property repair and maintenance.

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