Accession Number : ADA292034

Title :   Lease Refinancing: Observations on GSA's Proposed Master Leasing and Army's Lease Programs.

Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC ACCOUNTING AND FINANCIAL MANAGEMENT D IV

PDF Url : ADA292034

Report Date : NOV 1989

Pagination or Media Count : 21

Abstract : In your letters of March 6, and 16, 1989, you asked us to evaluate the Master Installment Purchasing System (MIPS) program proposed by the General Services Administration (GSA) and the lease refinancing pro- gram which the Army currently has underway. You asked us to focus on determining whether separating lease financing from equipment pro- curement, as called for in the MIPS and Army programs, could signifi- cantly reduce costs to the government. This interim repoft discusses (1) current federal government equipment lease requirements, proce- dures, and practices, (2) GSA's proposed MIPS program to reduce future equipment lease costs, and (3) Army's ongoing lease refinancing pro- gram to reduce current equipment lease costs. This report also discusses the financial structure, scope, and overall objectives of the MIPS and Army programs. As agreed with your office, in a separate repoft, at a later date, we will discuss whether it is feasible to implement MIPS or Army-type lease refinancing concepts on a Department of Defense-wide basis and estimate the range of potential cost savings that could result.

Descriptors :   *FINANCIAL MANAGEMENT, *ARMY BUDGETS, *LEASING, GOVERNMENT PROCUREMENT, COST ESTIMATES, SAVINGS, ARMY PROCUREMENT, ARMY EQUIIPMENT.

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE