Defense Stock Fund Financial Statements (Materiel Managed Under the Standard Automated Material Management System) For FY 1991

摘要

The Chief Financial Officers Act of 1990 requires an annual audit of the financial statements of the Defense Stock Fund. The Defense Stock Fund is a revolving fund established for procuring, storing and selling consumable type supply items to DoD Components and other Government a agencies. For FY 1991, the Defense Stock Fund reported, after audit adjustments, revenues of 17.80 billion and a net loss of $2.05 billion. Financial inventory accounts managed under the Standard Automated Material Management System represented $7.74 billion (75 percent) of the $10.34 billion inventory and 51 percent of the assets ($15.24 billion) reported on the Defense Stock Fund FY 1991 Financial Statements.