Financial Reporting of DLA-Owned Bulk Petroleum Products

Abstract

We performed this audit in support of the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994. This is the fifth in a series of reports on the financial reporting of the inventory owned by the Defense Logistics Agency (DLA). Information on the other reports is contained in Appendix A. Bulk Petroleum Products consisting of aviation fuel, diesel fuel, lube oils, and additives were a significant part of the inventory that DLA owned at the end of FY 2000. Bulk Petroleum Products comprised approximately $2.3 billion (24 percent) of the $9.5 billion of inventories that DLA reported on its FY 2000 financial statements.

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Document Details

Document Type
Technical Report
Publication Date
May 23, 2001
Accession Number
ADA391574

Entities

Organizations

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

Tags

Communities of Interest

  • Energy and Power Technologies
  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Accuracy
  • Air Force
  • Aviation Fuels
  • Contractors
  • Contracts
  • Control Systems
  • Department Of Defense
  • Diesel Fuels
  • Financial Management
  • Fuels
  • Governments
  • International Relations
  • Inventory
  • Materials
  • Navy
  • Petroleum

Readers

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