Financial Management: Existence of U.S. Army Corps of Engineers Buildings and Other Structures

Abstract

We performed an examination attestation 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. 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. The net book value represents the difference between the historical acquisition (book) cost and the associated accumulated depreciation of the assets. 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
Feb 15, 2005
Accession Number
ADA432556

Entities

People

  • Calvin O. King
  • Crmelo G. Ventimiglia
  • Leon D. Bryant
  • Paul J. Granetto
  • Ryan W. Pusey
  • Scott C. Kntor
  • Trisha L. Kasseler
  • William H. Zeh

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
  • Acquisition
  • Army
  • Army Corps Of Engineers
  • Department Of Defense
  • Engineers
  • Financial Management
  • Governments
  • Information Systems
  • Inventory
  • Management Information Systems
  • Management Personnel
  • Navy
  • Personnel Management
  • Real Estate
  • Resource Management
  • United States

Readers

  • Defense Financial Management and Audit.
  • Facility/Structural Engineering.