Financial Management: Independent Examination of the Rights to U.S. Army Corps of Engineers Buildings and Other Structures

Abstract

We performed an examination to establish beginning balances for the audit of the Principal U.S. Army Corps of Engineers (USACE), Civil Works, Financial Statements for the Fiscal Years Ending September 30, 2004 and 2003. USACE reports General Property, Plant, and Equipment (PP&E) as an asset line item on the Civil Works Balance Sheet. The net book value represents the difference between the historical acquisition (book) cost and the associated accumulated depreciation of the assets. For FY 2003, the net book value of PP&E was $30.9 billion. Buildings and other structures comprised $18.3 billion of the total PP&E. For FY 2004, the net book value of PP&E was $28.4 billion. Buildings and other structures comprised $16.1 billion of the total PP&E. As of September 30, 2003, USACE had about 40,000 structures located at about 1,273 field sites in the continental United States, Alaska, and Hawaii.

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Document Details

Document Type
Technical Report
Publication Date
Mar 25, 2005
Accession Number
ADA432555

Entities

People

  • Barbara A. Sauls
  • Cheri D. Givan
  • Dennis L. Conway
  • Eric Thacker
  • George C. Deblois
  • Michael Perkins
  • Paul J. Granetto
  • Sean J. Keaney
  • Woodrow W. Mack
  • Yalonda N. Blizzard

Organizations

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

Tags

Communities of Interest

  • Cyber
  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Army
  • Army Corps Of Engineers
  • Business Administration
  • Department Of Defense
  • Engineers
  • Financial Management
  • Governments
  • Local Governments
  • Management Personnel
  • Money
  • Navy
  • Personnel Management
  • South Dakota
  • Standards
  • United States

Readers

  • Defense Financial Management and Audit.
  • Wetland-Land-Environmental Management.