Financial Management: Ending Balance Adjustments to General Ledger Data for the Army General Fund.

摘要

The Chief Financial Officers Act of 1990, Public Law 101-576, November 15, 1990, as amended by the Federal Financial Management Act of 1994, Public Law 103-356, October 13, 1994, requires the annual preparation and audit of financial statements. The Army did not publish stand-alone financial statements for FY 2001 due to the loss of financial management personnel sustained during the September 11 terrorist attack. Therefore, we did not audit Army financial information for FY 2001 financial statements. However, Army financial statement information was included in the DoD FY 2001 Agency-Wide Financial Statements. Defense Finance and Accounting Service Indianapolis (Sustaining Forces), hereafter referred to as DFAS IN-SF, provides finance and accounting support to the Army. Support includes maintaining departmental accounting records and compiling financial statements from general ledger trial balances and financial data on the status of appropriations submitted by DoD field accounting entities and other sources. The compilation process is complicated because the financial data submitted to DFAS IN-SF are not generated by integrated, transaction-driven, general ledger accounting systems. For 10 years, DFAS IN-SF has used a complex interim process to combine financial information from diverse accounting and budgetary subsystems to compile the Army General Fund financial statements. DFAS IN-SF made year-end adjustments to force general ledger trial balances to match status-of-appropriations data.