FY 1997 DOD Superfund Financial Transactions.
Abstract
Annual audits of Superfund financial transactions are required by the Superfund Amendments and Reauthorization Act of 1986. The Environmental Protection Agency manages the Superfund, which is a trust fund that Congress established to respond to hazardous waste emergencies and fund the cleanup of hazardous waste. The Superfund is used to clean up hazardous waste when the responsible party either cannot be identified or will not perform the cleanup work and when a State will not assume responsibility. The U.S. Army Corps of Engineers (the Corps) manages the design and construction of cleanup sites paid for by the Environmental Protection Agency with money from the Superfund. The Environmental Protection Agency issues program authority to the Corps through interagency agreements. During FY 1997, for Superfund projects, the Corps recorded obligations totaling about $324.4 million, and also recorded disbursements totaling about $269.2 million against FY 1997 and prior-year obligations. During FY 1997, the Corps implemented a new accounting system, the Corps of Engineers Financial Management System. Therefore, we limited our review to three sites: the Omaha, Nebraska; Kansas City, Missouri; and Mobile, Alabama, Districts of the Corps, and to the Superfund financial transactions recorded in the new accounting system. The overall audit objective was to determine whether the Corps properly administered its portion of the Superfund. Specific objectives were to determine whether the Corps supported and accurately recorded obligation and disbursement transactions charged to Superfund projects during FY 1997, and to assess the Corps management control program as it relates to Superfund transactions.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 16, 1998
- Accession Number
- ADA367871
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense