Internal Controls and Compliance with Laws and Regulations for the DOD Agency-Wide Financial Statements for FY 2000
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 first in a series of reports related to the DoD Agency-Wide financial statements for FY 2000. The DoD Agency-Wide financial statements for FY 2000 were compiled from the financial statements of the DoD reporting entities: the Army, Navy, and Air Force General Funds; the Army, Navy, and Air Force Working Capital Funds; the Military Retirement Fund; the U.S. Army Corps of Engineers, Civil Works Program; and financial data for the Other Defense Organizations-General Funds and Working Capital Funds. In FY 2000, the DoD Components reported total assets of $616.7 billion, total liabilities of $1.0 trillion, total net costs of operations of $347.5 billion, and total budgetary resources of $656.1 billion.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 28, 2001
- Accession Number
- ADA387577
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense