Compiling and Reporting FY 1999 Department of the Navy Working Capital Fund Intragovernmental Transactions

Abstract

We conducted this audit in support of our annual audit of the DoD Agency-wide financial statements for FY 1999, as required by the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994. This report is the third report in a series on the Department of the Navy (Navy) Working Capital Fund financial statements. During FY 1999, the Navy Working Capital Fund reported $23.4 billion in assets, $5.5 billion in liabilities, $ 17.9 billion in net position, and $21.8 billion in intragovernmental transactions. Intragovernmental transactions are transactions that occur within and among DoD Components and agencies, and the Federal Government. Intragovernmental transactions should be identified or eliminated, as appropriate, when an entity prepares consolidated financial statements.

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Document Details

Document Type
Technical Report
Publication Date
Jun 09, 2000
Accession Number
ADA378800

Entities

Organizations

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

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Accuracy
  • Air Force
  • Commerce
  • Department Of Defense
  • Finance
  • Financial Management
  • Governments
  • Information Exchange
  • International Relations
  • Money
  • National Governments
  • National Security
  • Navy
  • Reliability
  • Standards
  • United States Government

Readers

  • Defense Financial Management and Audit.