Accession Number : ADA588832


Title :   The U.S. Air Force Academy Lacked Effective Controls Over Heritage Assets and Guest House Inventories, and Inappropriately Solicited and Accepted Monetary Gifts


Corporate Author : OFFICE OF THE INSPECTOR GENERAL (DEPARTMENT OF DEFENSE) ALEXANDRIA VA


Full Text : https://apps.dtic.mil/dtic/tr/fulltext/u2/a588832.pdf


Report Date : 23 Sep 2013


Pagination or Media Count : 83


Abstract : Our objective was to determine whether the United States Air Force Academy (USAFA), its nonappropriated fund instrumentalities (NAFIs), and its supporting nonprofit organizations were properly accepting, recording, reporting, and disbursing donations, gifts, and nonappropriated funds (NAFs). We could not review USAFA and its NAFIs controls over disbursing nonmonetary gifts because nonmonetary gifts are not disbursed. In addition, USAFA does not receive or disburse NAFs, thus we were unable to determine whether USAFA properly accepts, records, reports, or disburses NAFs. Furthermore, NAFIs are primarily established to earn revenues of NAFs by performing services. We did not review and report on whether NAFIs properly accepted earned revenues of NAFs. We were also unable to determine whether NAFIs properly disbursed gift funds because NAFIs do not record and track monetary gifts separately from NAFs. Additionally, since nonprofits are private organizations, we did not test and report on whether they properly accepted, recorded, and disbursed monetary and nonmonetary gifts. Lastly, NAFs do not apply to nonprofit organizations because NAFs are earned and administered only through the auspices of a NAFI. Therefore, we could not test controls over these funds at nonprofit organizations.


Descriptors :   *MONEY , MANAGEMENT PLANNING AND CONTROL , ORGANIZATIONS , UNITED STATES AIR FORCE ACADEMY


Subject Categories : Economics and Cost Analysis


Distribution Statement : APPROVED FOR PUBLIC RELEASE