Federal User Fees: Budgetary Treatment, Status, and Emerging Management Issues
GENERAL ACCOUNTING OFFICE WASHINGTON DC ACCOUNTING AND INFORMATION MANAGEMENT DIV
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Given the scope and variety of federal activities, the federal budget is inevitably complex. This is particularly seen in the federal budgetary treatment of receipts. The 1967 Presidents Commission on Budget Concepts recommended a dual system of accounting for federal receipts. The Commission recommended that receipts from activities which were essentially governmental in nature, including regulation and general taxation, be reported as receipts, and that receipts from business type activities offset to the expenditures to which they relate. The Commission recommended this system so that budget totals could present a clear picture of the extent of governmental activity. In practice, however, the distinction was never sharp as evidenced by the fact that revenue from business-type transactions, termed offsetting collections, are not made available to agencies in the same way.
- Economics and Cost Analysis