Summary of a Report


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Summary of a Report


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Financial Management Regulation


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Legislative Branch Revolving Funds


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Legislative branch revolving funds support the '¿¿business-type activities'¿¿ of the House, Senate, and legislative branch agencies. The legislative branch currently has 26 revolving funds, including 7 funds for the House of Rep., 9 for the Senate, 5 for the Architect of the Capitol, 4 for the Library of Congress, and one for the Gov'¿¿t. Printing Office (GPO). As of the close of FY 2008, the funds range in size from $10,000 for the Senate Computer Center Fund to $216.5 million for the GPO revolving fund. In contrast, the legislative branch appropriation for FY 2010 was $4.65 billion. This report traces the establishment, use, and development of these funds. Also, the current status of funds is provided, using standard federal gov'¿¿t. budget object classifications. Illus.




Loss of Budgetary Control


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