Principal and Combining Financial Statements of the Defense Business Operations Fund - FY 1992.
Abstract
The Chief Financial Officers Act of 1990 requires an annual audit of funds such as the Defense Business Operations Fund (DBOF). The DBOF was established as a revolving fund in FY 1992 and consists of various DoD components. The FY 1992, the DBOF incorporated the revolving funds previously called the stock and industrial funds. Th addition, the Defense Finance and Accounting Service, the Defense Commissary Agency, and three Defense Logistics Agency functions were added to the DBOF. Functional and cost management responsibilities rest with the Military Departments and Defense agencies. The Comptroller of the Department of Defense is responsible for the management of DBOF cash. Responsibility for the overall management of the DBOF is unclear. According to the accompanying financial statements, the total revenue for the DBOF for FY 1992 was $118.8 billion, total expenses were $118.7 billion, and total assets were $118.1 billion. PartIV, Appendix A, shows the reporting entities that comprise the DBOF.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 30, 1993
- Accession Number
- ADA376230
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense