Deposit Reconciliations at Defense Finance and Accounting Service Columbus Center Disbursing Stations
Abstract
This audit is one in a series of audits on the Fund Balance With Treasury account (an asset account) performed in response to the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994. The report discusses reconciliations that DoD disbursing stations should conduct to accurately report deposit transactions affecting the Fund Balance With Treasury account. Subsequent reports will discuss reconciliations that DoD disbursing stations should conduct to accurately report interagency transfers and checks issued. Reconciling the Fund Balance With Treasury account is a DoD implementation strategy for auditable financial statements. We reviewed four disbursing stations that provided data for the Fund Balance With Treasury account on the FY 1998 DoD Agency Wide financial statements. All four disbursing stations were located at the Defense Finance and Accounting Service Columbus Center, Columbus, Ohio. During FY 1998, the four disbursing stations reported net disbursements to the U.S. Treasury totaling $19.7 billion, mainly on behalf of the Defense Commissary Agency, the Defense logistics Agency, and DoD contracts. The U.S. Treasury records the disbursement data and maintains the Fund Balance With Treasury accounts for DoD appropriations. The FY 1998 DoD Agency Wide financial statements reported 167.5 billion in the Fund Balance With Treasury asset account.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 09, 1999
- Accession Number
- ADA366275
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense