GENERAL FUND OF THE TREASURY

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP72-00310R000100090002-6
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: December 12, 2016
• Document Release Date: June 17, 2002
• Sequence Number: 2
• Publication Date: December 15, 1970
• Content Type: MFR

Approved For Releao 2002/08/01 : CIA-RDP72-00310R000W090002-6
OGC 70-2086
MEMORANDUM FOR THE RECORD
SUBJECT: General Fund of the Treasury
REFERENCE: General Accounting Office Policy and Procedures
Manual for Guidance of Federal Agencies
I. Title 7 of the referent publication states that an appropriation
is an act of the Congress authorizing an administrative agency to incur
obligations and to make expenditures out of the general fund of the
Treasury. As a term, however, "general fund of the Treasury" is
not defined, Today I met with GAO attorney, Mr. John W. Moore,
seeking an authoritative definition, description or explanation of the
term. Moore is Assistant General Counsel (Appropriations and
Miscellaneous Receipts). I was referred to him by Mr. Henry Barclay,
Associate General Counsel, GAO.
2. According to Moore, "general fund of the Treasury" has
not been specifically defined. As a concept, it refers to that portion
of the Treasury where all general revenues are deposited and out of
which funds may be withdrawn only by an appropriation made by the
Congress. Moore recalls that an Office Memorandum was prepared
in the early 50's in an effort to explain the concept. He will attempt
to locate a copy for our use.
3. Touching on the matter of appropriation controls, appar-
ently the procedures had been changed drastically since passage of
the Budget and Accounting Procedures Act of 1950. For example,
accountable warrants are no longer issued, and the requirement that
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GAO countersign certain appropriation documents has been waived
in many instances. By way of assisting us in understanding the
present system, Moore is to provide us with a copy of the joint
Treasury-GAO regulation entitled, "Procedures for Making Appro-
priated Funds Available for Disbursement".
4. Moores offices are at Room 7083, GAO Building, Code 129
Extension 3153.
STATINTL
Assistant -General Counsel
OGC:D:bg
Distribution:
,...O"rig Sub' ect - APPROPRIATIONS
1 -55igner
1 - Chrono
Approved For Release 2002/08/01 : CIA-RDP72-00310R000100090002-6