**GAO-03-301**                      Published: Feb 28, 2003. Publicly Released: Mar 31, 2003.                  

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## Highlights

Concerned about the increasing proportion of the Pension Benefit Guaranty Corporation's (PBGC) operational and administrative budget that is outside the annual administrative expense limitation, the Ranking Minority Member of the Senate Special Committee on Aging asked GAO to review PBGC's (1) application of the limitations set forth in its appropriations in developing its budget estimates and (2) methodology for allocating and reporting its operational and administrative expenses falling under the statutory limitation.

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## Matter for Congressional Consideration

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## Topics

Auditing and Financial Management

Appropriation limitationsAppropriated fundsBudget administrationBudget allowancesReporting requirementsAdministrative expensesRevolving fundsPension planExpenditure of fundsStatutory limitation