Accuracy of the Government-Owned Contractor-Occupied Real Property in the Military Departments' Real Property Databases
Abstract
This audit was performed to support the requirements of the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994. Accurate reporting of real property on the Military Departments' real property databases is essential to DoD and the Federal Government receiving favorable audit opinions on their financial statements. For FY 1999, contractors reported $7.7 billion of Government-owned contractor-occupied real property. We reviewed 289 properties at a reported value of $170 million. Contractors occupying Government-owned facilities have the responsibility to maintain detailed records for the real property and annually report the real property through submission of the DD Form 1662, "DoD Property in the Custody of Contractors," to the Defense Contract Management Agency. In addition, the Military Departments must include Government- owned contractor-occupied real property in their real property databases because they retain the title to the property. Our objective was to determine whether the Military Departments' real property databases accurately accounted for the existence, completeness, and valuation of real property in the possession of contractors. In addition, we assessed compliance with laws and regulations and the management control program.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 22, 2000
- Accession Number
- ADA385331
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense