DoD Can Improve Its Accounting for Residual Value From the Sale of U.S. Facilities in Europe

Abstract

The overall objective was to determine whether DoD personnel properly accounted for residual value transactions for facilities returned to host nations. Specifically, we determined whether DoD personnel properly submitted residual value claims for returned facilities, obtained monetary or nonmonetary consideration, and properly accounted for the use of residual value amounts. Testing the residual value settlement process involved evaluating a nonstatistical sample of 12 Army and Air Force facility closures at different stages of the residual value settlement process over the last 10 years. (See Appendix A for our scope and methodology and prior coverage of the residual value settlements from facility closures. See Appendix B for details on the residual value process.)

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Document Details

Document Type
Technical Report
Publication Date
May 04, 2012
Accession Number
ADA561647

Entities

Organizations

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

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Air Force
  • Air Force Facilities
  • Air Force Personnel
  • Capital Investments
  • Congress
  • Department Of Defense
  • Environmental Restoration And Remediation
  • Finance
  • Governments
  • Law
  • Military Facilities
  • Military Personnel
  • Money
  • Nato
  • United States
  • United States European Command

Readers

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