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089356 1 (1971-03-08)

handle is hein.gao/gaobacvie0001 and id is 1 raw text is: UNITED STAES GENERAL ACCOUNTING OFFICE REGIONAL OFFICE 7014 FEDERAL BUILD NG 1961 STOUT STREET DENVER, COLORADO 80202 Mr. James M. Ingles MAR 8 1971 Regional Director, Region 7 U. S. Bureau of Reclamation Building 20, Denver Federal Center Denver, Colorado 80225 Dear Mr. Ingles The General Accounting Office has made a review of the operation of the Missouri River Basin Integrated Projects as conducted by the Bureau of Reclamation and the Corps of Engineers. Our review included an examination of administrative practices and procedures, an evaluation of internal controls, and such tests of the tinancial transactions as we considered necessary. The overall results of our review relating to the consolidated overation and financial position of the integrated projects will be covered in a separate report to toe Congress. At Region 7 of the Bureau of Reclamation we generally found tae administrative procedures and con- trols to be adequate. However, we noted the following matters which were discussed with you and members of your staff curing our exit con- ference. te would appreciate your comments especially as they relate to any proposed or accomplished corrective action. CLASSIFICATION OF REHABILITATION AND BETTERMFNT COSTS AS DEFERRED MAINTENANCE Rehabilitation and betterment work on the North Platte Project costing $6,558,915 originally recorded as ilrigation plant in service was reclassified as deferrea maintenance and transferred to account 220, Other Charges Funded, on June 30, 1966. Th2s action was taken after review of internal audit reports wich questioned capitalization of practically entire amounts as irrigation plant in service. Regional justification stated that because much of the work performed was de- ferred maintenance, replacement accounting (w'nch would involve retire- ment procedures) was not concemplated. It iurther stated that the journal voucher should contain a statement that if it is later determined that any portion of the work is considered as addition to plant, wite no corresponding retirement, tae cost will be capitalized as irtigation plant and transferred to account 102.1.

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