Laserfiche WebLink
<br /> <br />FINANCIAL REVIEW <br /> <br />The Service as a governmental agency has established account classifications to <br />meet the accounting and reporting requirements of the Congress, the General <br />Accounting Ofiice (which has approved the accounting system), the Treasury <br />Department, the Office of Management and Budget, and Departmental and Service <br />management. <br /> <br />As a producer and distributor of electric power, the Service's accounts are also <br /> <br /> <br />established to meet the accounting and reporting requirements of the Federal <br /> <br />Power Commission. The latter includes requirements for annual financial state- I <br /> <br /> <br />ments for each power project. <br /> <br />All Service costs are classified on an activity basis in accordance with the <br /> <br /> <br />appropriation structure. Each of these major activities is further subdivided into <br /> <br /> <br />classes of work by which estimates and schedules are prepared, funds obtained, and <br /> <br /> <br />resul ts recorded. <br /> <br />The primary breakdown consists of four major activities: <br /> <br />1. Investigations <br />2. Construction <br />3. Operation and maintenance <br />4, General administrative expenses <br /> <br /> <br />30 <br />