Defense Stock Fund Financial Statements (Materiel Managed Under the Standard Automated Material Management System) For FY 1991.

Abstract

The Chief Financial Officers Act of 1990 requires an annual audit of the financial statements of the Defense Stock Fund. The Defense Stock Fund is a revolving fund established for procuring, storing and selling consumable type supply items to DoD Components and other Government a agencies. For FY 1991, the Defense Stock Fund reported, after audit adjustments, revenues of 17.80 billion and a net loss of $2.05 billion. Financial inventory accounts managed under the Standard Automated Material Management System represented $7.74 billion (75 percent) of the $10.34 billion inventory and 51 percent of the assets ($15.24 billion) reported on the Defense Stock Fund FY 1991 Financial Statements.

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Document Details

Document Type
Technical Report
Publication Date
Aug 26, 1992
Accession Number
ADA377510

Entities

Organizations

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

Tags

Communities of Interest

  • Biomedical
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Air Force
  • Commerce
  • Construction
  • Contracts
  • Control Systems
  • Department Of Defense
  • Electronics
  • Governments
  • Humanitarian Assistance
  • Inventory
  • Inventory Control
  • Logistics
  • Money
  • Procurement
  • United States

Fields of Study

  • Business

Readers

  • Defense Financial Management and Audit.
  • Logistics and Supply Chain Management.