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Long-Term Commitments Improving the Budgetary Focus on Environmental Liabilities

By General Accounting Office

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Book Id: WPLBN0000165104
Format Type: PDF eBook
File Size: 0.4 MB
Reproduction Date: 2005
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Title: Long-Term Commitments Improving the Budgetary Focus on Environmental Liabilities  
Author: General Accounting Office
Volume:
Language: English
Subject: Government publications, Accountability in government, United States. General Accounting Office
Collections: Government Library Collection, Government Accountability Integrity Reliability Office Collection
Historic
Publication Date:
Publisher: United States General Accounting Office (Gao)

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Office, G. A. (n.d.). Long-Term Commitments Improving the Budgetary Focus on Environmental Liabilities. Retrieved from http://hawaiilibrary.net/


Description
Government Accountability Integrity Reliability Office Collection

Excerpt
Excerpt: The federal government is legally required to clean up hazardous wastes that result from its operations. Agencies are currently required to report these environmental liabilities in their financial statements, but these estimates are not recognized until after a waste-producing asset is placed into service. Although agencies are supposed to consider cleanup and disposal costs associated with these assets as part of the acquisition process, they typically do not request the related budget authority until many years after the government has committed to the operation creating the waste, when cleanup is imminent.

 

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