Accounting for Unliquidated Obligations for the Defense Fuel Supply Center
INSPECTOR GENERAL DEPT OF DEFENSE ARLINGTON VA
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Introduction. This audit report is related to the Audit of Liabilities on the FY 1996 Consolidated Financial Statements of the Defense Business Operations Fund. This report addresses the recording of an invalid obligation at the Defense Fuel Supply Center, Alexandria, Virginia. The Defense Finance and Accounting Service DFAS Columbus Center, Columbus, Ohio, and the Defense Fuel Supply Center share responsibility for accurate accounting information and financial reporting. Verifying unliquidated obligations is necessary to identify funds reserved for possible invalid expenditures, and to ensure accurate reporting on financial reports and related footnotes. For FY 1995, the Defense Fuel Supply Center reported 3.52 billion in unliquidated obligations, or 44 percent of the 7.94 billion in unliquidated obligations reported by the Defense Logistics Agency DLA.
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