Unliquidated Obligations for Air Force-Funded Projects Administered by The Naval Facilities Engineering Command
Abstract
We performed this audit in response to the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, which requires DoD and other Government agencies to prepare consolidated financial statements. The Air Force Audit Agency requested us to assist in its review of the Statement of Budgetary Resources for the Air Force General Fund by reviewing unliquidated obligations for Air Force-funded military construction projects administered by the Naval Facilities Engineering Command. Unliquidated obligations include undelivered orders and accrued expenditures unpaid and are reported on the Statement of Budgetary Resources as is "Obligated Balance, Net - End of Period." The Naval Facilities Engineering Command manages design and construction for the Navy, and administers certain design and construction projects for the Army and the Air Force. During FYs 1998 through 2000, the Naval Facilities Engineering Command received $3.5 billion for design and construction projects. Of the $3.5 billion, $327 million was received from the Air Force. The Standard Accounting and Reporting System - Field Level was the official accounting system to account for funds administered by the Naval Facilities Engineering Command. This report discusses the Defense Finance and Accounting Service (DFAS) Norfolk and the Naval Facilities Engineering Command accounting and review of unliquidated obligation balances for Air Force-funded military construction projects administered by the Naval Facilities Engineering Command and supports the Air Force Audit Agency's disclaimer of opinion on the FY 2000 Air Force General Fund Financial Statements.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 26, 2001
- Accession Number
- ADA392855
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense