Air Force Merged Account Obligations

Abstract : This audit was made to validate the remaining unliquidated obligations in those Air Force "M" account appropriations containing the largest "M" account balances. Also, we evaluated the validity of outstanding obligations, including support for funds that had been deobligated and reobligated. (Deobligation is the release of unspent funds from a contract, and reobligation is incurring of a new obligation or binding agreement of funds expected to be spent for a valid need.) The three appropriations included in the audit were 3010 (Aircraft Procurement), 3020 (Missile Procurement), and 3600 (Research, Development, Test, and Evaluation).