Special Defense Acquisition Fund Financial Statements for FY 1992.

Abstract

The Chief Financial Officers Act of 1990 requires an annual audit of the Special Defense Acquisition Fund (the Fund). The Fund, established in 1981 by the Arms Export Control Act, procures Defense articles and services in anticipation of selling or transferring them to foreign customers. The Fund manager is the Defense Security Assistance Agency (DSAA); therefore, DSAA is responsible for the financial statements. The Fund is operated as a revolving fund and was capitalized with revenues from U.S. Government sales and contractors export sales. The initial FY 1982 capitalization of the Fund was incrementally increased until FY 1987, and has reached the congressionally mandated limit of $1.07 billion. In FY 1992, the Fund reported revenues of $142.0 million, and showed a net profit of $1.86 million after writing off $8.1 million in unsalable inventory.

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Document Details

Document Type
Technical Report
Publication Date
Jun 21, 1993
Accession Number
ADA376512

Entities

Organizations

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

Tags

Communities of Interest

  • Weapons Technologies

DTIC Thesaurus Topics

  • Congress
  • Control Systems
  • Databases
  • Department Of Defense
  • Department Of State
  • Financial Management
  • Foreign Military Sales
  • Government (Foreign)
  • Government Procurement
  • International Organizations
  • Law
  • Logistics
  • Military Education
  • Money
  • National Security
  • Procurement
  • United States

Readers

  • Defense Financial Management and Audit.
  • Government Contracting/Procurement.