Audit Report: CR-B-99-01

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October 1, 1998

Department's Working Capital Fund

The Department established the Working Capital Fund (Fund) in January 1996 as a financial management tool for charging the costs of common services provided at Headquarters to Departmental program offices. The objectives in establishing the Fund were to increase efficiency of the Department's operations, improve management of administrative services through the use of flexible and business-like finance methods, and provide an accurate full cost budget for programs and activities.