Initiatives to Improve Free Asset Management

Abstract

The Department of Defense generates funds by selling equipment which is not required to be replaced in the Department's inventory. Receipts from such sales are called "free assets." A past GAO report identified weaknesses in reporting and managing free assets. This follow up report describes the steps taken by the Department to strengthen control over free asset funds. The report also recommends that the Department improve its free asset estimates and its internal coordination in formulating free asset procedures.

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Document Details

Document Type
Technical Report
Publication Date
Feb 28, 1977
Accession Number
AD1157306

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  • Robert F. Keller

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  • Ground and Sea Platforms

DTIC Thesaurus Topics

  • Accounting
  • Accuracy
  • Air Force
  • Business Administration
  • Combat Vehicles
  • Commodities
  • Comptrollers
  • Congress
  • Contracts
  • Deficiencies
  • Department Of Defense
  • Financial Management
  • Foreign Military Sales
  • Inventory
  • Logistics
  • Management Personnel
  • Naval Vessels
  • Navy
  • Procurement
  • Standards
  • United States

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  • Economics
  • Logistics and Supply Chain Management.