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Office of Inspector General |
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| Title: | FAA Inactive Obligations |
| Date: | January 31, 2005 |
| Type: | Audit |
| FI-2005-044 | |
| Summary: | We issued a final report on our audit of inactive obligations at the FAA. More aggressive corrective action is required to strengthen FAA’s funds management of inactive obligations. We reviewed $81 million of inactive obligations related to FAA contracts and procurements and identified that $35 million, or 43 percent, were not associated with valid liabilities and were unneeded. We recommended amending procedures to require that financial managers, program officials, and contracting specialists coordinate and complete quarterly and annual reviews; developing best practices for reviewing inactive obligations; modifying standards to require adequate reviews; and lowering the threshold to include reviews of inactive obligations below $500,000. FAA has agreed to deobligate the entire $35 million identified. |
 PDF document |