Reliability of the FY 1995 Financial Statements for the Defense Logistics Agency General Fund
Abstract
The audit was performed in support of the Inspector General, DoD, audit of the FY 1996 DoD-wide financial statements required by the Federal Financial Management Act of 1994 (Public Law 103-356). The FY 1996 DoD-wide financial statements will include the FY 1996 financial statements for the Defense Logistics Agency (DLA) General Fund. For FY 1995, the Department of Treasury (Treasury) required DoD to prepare and submit preclosing adjusted trial balances and supporting notes at the Treasury appropriation and fund group level. The consolidated DoD preclosing adjusted trial balances and supporting notes for FY 1995 included the preclosing adjusted trial balances and supporting notes for the DLA General Fund (hereinafter referred to as the FY 1995 financial statements for the DLA General Fund). The DLA, as a combat support agency, is tasked to provide worldwide logistics support to DoD. In FY 1995, DLA received about $1,904.3 million from eight General Fund appropriations. The Defense Finance and Accounting Service (DFAS)-Columbus Center prepared the FY 1995 financial statements for those appropriations. We reviewed the FY 1995 financial statements for three of the eight DLA General Fund appropriations, representing about 95 percent of the DLA General Fund appropriations in FY 1995. Specifically, we reviewed the FY 1995 financial statements for DLA General Fund appropriations 97*0100.51 (Operation and Maintenance), 97*0300.51 (Procurement), and 97*0400.51 (Research, Development, Test, and Evaluation). As of September 30,1995, the FY 1995 financial statements for the three DLA General Fund appropriations reported a consolidated balance of about $6,874.2 million for assets, liabilities, equity, revenue, and expenses.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 15, 1997
- Accession Number
- ADA369655
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense