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![handle is hein.gao/gaobacxpy0001 and id is 1 raw text is:
DOCUBENT RESUME
04562 - [B0185073]
(Potential Overobligations in Army Procurement Apj.:opriations].
Septester 26, 1977 3 pp.
Report to Maj. Gen. J. K. Stoner, Jr., Commender, Department of
the Army: Army Electronics Command, Fort Monmouthe NJ; by Allen
R. Voss, Regional Manager, field Operations Div.; Regional
Office (Philadelphia).
Issue Area: Accounting and Financial Reporting (2800).
Contact: Field Operations Div.: Regional Office (Philadelphia).
Budget Function: Miscellaneous: Financial Manageent and
Infcrmation Systems (1002).
Organiza.Aon Concerned: Department of the Army; Deper:tent of
the Army: Army Armament Materiel Readiness Ccmmaid, Rock
Island, IL.
Authority: Anti--Deficiency Act.
Several matters were noid in a review of financial
records and reports at the U.S. Army Electronics Command (ECOO)
that affect the accuracy and reliability of these financial
records. Findings/Conclusions: One of the defic.encies noted
was a loss of control cver the recording of customer orders. In
April 1976, recorded values tor zt least 58 custcmer orders were
$7.4 million less than related obligations in five
appropriations. ECOM initiated a review to determiue if
additional reimbursements could be obtained. By December 1976, a
partially completed review had been made of an initial group of
nine cases, and turther wozk was suspended, primarily because of
personnel constraints and workload. Work had nct been resuimed by
June 1977. It was also reported in April 1976 that ECOM's
February 29, 1976, report on customer crder financial status
contained numerous negative balances totaling $15.7 million for
unfilled orders or accounts receivable. As of Lecember 31, 1976,
it was found that 17 appropriations had negative balances
totaling $11.1 million. ECOM had not acted cn this prcblem as of
June 1977. Recommendations: ECOM should assign a sufficiently
high priority toj these items so that they can be resolved in the
near future and appropriate action taken to prevent their
recurrence. (DB)](ViewImageLocal?handle=hein.gao/gaobacxpy0001&div=1&collection=&method=preview&ext=.png&size=3)