DOD Education Benefits Trust Fund Financial Statements for FY 1992.

Abstract

The Chief Financial Officers Act requires an annual audit of funds such as the DoD Education Benefits Trust Fund. The DoD Education Benefits Trust Fund (the Fund) was established in 1985 by the Veterans Assistance Act of 1984, Public Law 98-525. In FY 1992, the Fund paid 144,000 particiants $170.5 million. As of September 30,1992, the Fund's investment assets were 675.2 million. In FY 1992 the Fund received revenue from two sources: contributions from the Services ($41.3 million) and interest earned 011 Department of the Treasury securities ($57.0 million). This Fund does not have an overall Fund manager. The Assistant Secretary of Defense (Force Management and Personnel) is designated as the policy point of contact. The Chief Financial Officer, Department of Defense, listed the Deputy Assistant Secretary (Resources and Requirements) as the signature authority for management representation letters.

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Document Details

Document Type
Technical Report
Publication Date
Jun 30, 1993
Accession Number
ADA376229

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

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