Statement of Accountability Reconciliation Procedures for Defense Finance and Accounting Service Columbus Center, Disbursing Station 6551

The Federal Financial Management Act requires DoD and other Government agencies to prepare consolidated financial statements for FY 1996 and each succeeding year. Beginning in FY 1996, the Defense Finance and Accounting Service DFAS Indianapolis Center became responsible for preparing the financial statements for the Department 97 general fund appropriations. The Department 97 Other Defense Organizations includes the financial information for 44 Defense organizations and funds that receive Department 97 general hind appropriations. During FY 1997, the Other Defense Organizations were appropriated 39 billion, and their financial statements showed total assets of approximately 47 billion, of which approximately 31 billion is the Fund Balance With Treasury Account. The DFAS Columbus Center, Disbursing Directorate, Disbursing Station Symbol Number 6551 Disbursing Station 6551 disburses Department 97 general funds and working capital funds. The Defense Logistics Agency is the largest customer of Disbursing Station 6551. During FY 1997, Disbursing Station 6551 reported net disbursements of 5.3 billion mainly on behalf of the Defense Logistics Agency, the Defense Commissary Agency, the DFAS, and the Defense Contract Audit Agency. The overall objective was to assess internal controls and compliance with laws and regulations. An additional objective was to evaluate the financial information submitted to the Department of the Treasury by DoD disbursing offices and actions taken by the Defense Finance and Accounting Service Centers to reconcile differences between the Department of the Treasury Government On-Line Accounting Link System and the DoD accounting records. This report covers financial information reported by Disbursing Station 6551 and the differences reported by the Department of the Treasury. The remaining objectives will be addressed in subsequent reports.