Accession Number:

ADA374932

Title:

Financial Statements of the Defense Reutilization and Marketing Service for FY 1993.

Descriptive Note:

Corporate Author:

INSPECTOR GENERAL DEPT OF DEFENSE ARLINGTON VA

Personal Author(s):

Report Date:

1994-06-30

Pagination or Media Count:

62.0

Abstract:

This audit was required by the Chief Financial Officers Act of 1990 Public Law 101-576. The Defense Realization and Marketing Service DRMS is primarily responsible for disposing of excess, scrap, and hazardous DoD property. During FY 1993, DRMS reported in its financial statements 271.6 million in revenues and 396.5 million in expenses for the disposal of that type of property. DoD established the Defense Business Operations Fund in FY 1992 as a revolving fund to provide a financial structure for business components, such as DRMS, to operate and to encourage increased cost visibility and monetary savings through better business practices. Prior to its inclusion in the Defense Business Operations Fund, DRMS was not required to prepare auditable financial statements.

Subject Categories:

  • Administration and Management
  • Economics and Cost Analysis
  • Defense Systems

Distribution Statement:

APPROVED FOR PUBLIC RELEASE