Financial Statements of the Defense Reutilization and Marketing Service for FY 1993.

Abstract

This audit was required by the Chief Financial Officers Act of 1990 (Public Law 101-576). The Defense Realization and Marketing Service (DRMS) is primarily responsible for disposing of excess, scrap, and hazardous DoD property. During FY 1993, DRMS reported in its financial statements $271.6 million in revenues and $396.5 million in expenses for the disposal of that type of property. DoD established the Defense Business Operations Fund in FY 1992 as a revolving fund to provide a financial structure for business components, such as DRMS, to operate and to encourage increased cost visibility and monetary savings through better business practices. Prior to its inclusion in the Defense Business Operations Fund, DRMS was not required to prepare auditable financial statements.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Jun 30, 1994
Accession Number
ADA374932

Entities

Organizations

  • Office of the Inspector General, U.S. Department of Defense

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Acquisition
  • Air Force
  • Air Force Facilities
  • Business Administration
  • Commerce
  • Contract Administration
  • Contracts
  • Control Systems
  • Department Of Defense
  • Financial Management
  • Governments
  • Hazardous Materials
  • Law
  • Management Personnel
  • National Security
  • Navy
  • Resource Management

Fields of Study

  • Business

Readers

  • Defense Financial Management and Audit.
  • Environmental Engineering.