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DoD Can Improve Its Accounting for Residual Value From the Sale of U.S. Facilities in Europe
INSPECTOR GENERAL DEPT OF DEFENSE ARLINGTON VA
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The overall objective was to determine whether DoD personnel properly accounted for residual value transactions for facilities returned to host nations. Specifically, we determined whether DoD personnel properly submitted residual value claims for returned facilities, obtained monetary or nonmonetary consideration, and properly accounted for the use of residual value amounts. Testing the residual value settlement process involved evaluating a nonstatistical sample of 12 Army and Air Force facility closures at different stages of the residual value settlement process over the last 10 years. See Appendix A for our scope and methodology and prior coverage of the residual value settlements from facility closures. See Appendix B for details on the residual value process.
APPROVED FOR PUBLIC RELEASE