Consolidated Financial Report on the National Guard and Reserve Equipment Appropriation for the Army Reserve

摘要

The audit was performed in compliance with the Chief Financial Officers Act of 1990 (Public Law 101-576) and the Federal Financial Management Act of 1994 (Public Law 103-356). Public Law 103-356 requires DoD and other Government agencies to prepare consolidated financial statements for FY 1996 and each succeeding year. In a memorandum dated June 6, 1995, the DoD Deputy Chief Financial Officer advised DoD Components of the requirement to prepare and submit financial statements in accordance with the Federal Financial Management Act of 1994. In 1981, Congress established the National Guard and Reserve Equipment Appropriation to provide the equipment needed to maintain the readiness of the National Guard and Reserve units. This appropriation is known within Army as the Dedicated Procurement Program. The Office of the Under Secretary of Defense (Comptroller) allocates the National Guard and Reserve Equipment Appropriation to the National Guard and Reserve components. In FY 1995, the National Guard and the Reserve received $773.4 million. Objectives. The audit objective was to evaluate the financial information reported for the FY 1995 Army Reserve trial balance for the National Guard and Reserve Equipment Appropriation. We also determined the effect of any noncompliant actions on the FY 1996 financial statements. In addition, we assessed the internal controls and compliance with laws and regulations.