Reporting of Performance Measures in the DOD Agency-Wide Financial Statements

Abstract

The Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, requires DoD to prepare annual audited financial statements. This is the second in a series of reports related to the DoD Agency-wide financial statements for FY 1999. The first report includes our disclaimer of opinion on the FY 1999 financial statements and discusses the adequacy of internal controls and compliance with laws and regulations for the financial statements. The Government Performance and Results Act of 1993 established the requirement for strategic planning and performance measurement in the Federal Government. The Statement of Net Cost is intended to provide reliable and timely information on the full cost of Federal programs, activities, and outputs. The DoD Agency-wide Statement of Net Cost for FY 1999 reported total program costs of $410.3 billion and total earned revenue of $32.5 billion. The Office of Management and Budget requires that the financial statement overviews and the Statement of Net Cost be consistent with performance goals and measures. Our overall audit objective was to determine whether the DoD Agency- wide financial statements were prepared in accordance with generally accepted accounting principles. As part of the objective, we reviewed the preparation of the DoD Agency-wide and DoD Components' Statements of Net Cost and the reporting of performance measures in the "Overview" section of the DoD Agency-wide financial statements. We also reviewed the management control program as it related to the overall objective. Results. The program categories used for the DoD Agency-wide and DoD Components' Statements of Net Cost were not consistent with the DoD performance goals and measures outlined in the DoD Government Performance and Results Act strategic and annual performance plans.

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Document Details

Document Type
Technical Report
Publication Date
May 31, 2000
Accession Number
ADA378399

Entities

Organizations

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

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Air Force
  • Business Administration
  • Congress
  • Department Of Defense
  • Financial Management
  • Governments
  • Information Systems
  • Military Personnel
  • National Governments
  • National Security
  • Navy
  • Organizational Structure
  • Security
  • Test And Evaluation
  • United States
  • United States Government

Fields of Study

  • Business

Readers

  • Defense Financial Management and Audit.
  • Life Cycle Cost Analysis