Management Fund Account in the United States

Management Fund Account in the Federal Budget Process

Meaning of Management Fund Account in the congressional and executive budget processes (GAO source): An account established by the Department of the Treasury (Treasury) that is authorized by law to credit collections from two or more appropriations to finance activity not involving a continuing cycle of business-type operations. Such accounts do not generally own a significant amount of assets, such as supplies, equipment, or loans, nor do they have a specified amount of capital provided—a corpus. The Navy Management Fund is an example of such an account.

More Details

Consolidated Working Fund Accounts are a subset of management funds. These are special working funds established under the authority of Section 601 of the Economy Act (31 U.S.C. §§ 1535, 1536) to receive advance payments from other agencies or accounts. Consolidated working fund accounts are not used to finance the work directly but only to reimburse the appropriation or fund account that will finance the work to be performed. Amounts in consolidated working fund accounts are available for the same periods as those of the accounts advancing the funds. Consolidated working fund accounts are shown as separate accounts on the books of Treasury but are not separately identified in the President’s budget. Transactions of these accounts are included in the presentation of the appropriation or fund account actually performing the service or providing the materials.

Information

This term belongs to the Intragovernmental Fund Accounts concept.

Guide to Federal Fund Accounts (Budget Process)

• Federal Fund Accounts
• General Fund Accounts
• General Fund Receipt Account
• General Fund Expenditure Account
• Intragovernmental Fund Accounts
• Intragovernmental Revolving Fund Account
• Management Fund Account
• Public Enterprise Revolving Fund Account
• Special Fund Receipt Account
• Special Fund Expenditure Account

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Management Fund Account)
• Public Debt

Further Reading

• Legislatures and the budget process: the myth of fiscal control

  (J Wehner, 2010)

• Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
• Fiscal institutions and fiscal performance

  (JM Poterba, J von Hagen, 2008)