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089403 1 (1972-04-07)

handle is hein.gao/gaobacvjp0001 and id is 1 raw text is: APR 7 1972 Captain Wendell reHIenry, Jr. coZC mdn cn Officer I1ll1 II lll 1111lli11111111111 IIII Naval Supply Center LM089403 Newport, RIhoda Island Dear Captain NcHenry: He have completed our survey of accrued expenditure and ravenue reporting procedures at the Naval Supply Cen tar, Newport, Phode Island (NSCNT), as part of a broad survey at selected activities in the Departmecnt of Defense (DOD). The survey was directed mainly toward determining the effectiveness of corauni- cation and processing syste4s in providing accrued expenditure data as of June 30, 1971, and whether procedures were in accordance with applicable instructions and regulations. The results of our work are intended primarily for the information of the Steering Committee of the President's Coin- mission on Budgot concepts. THowever, we identified a nurber of problem areas which wera discussed in detail with the Director of the Accounting Division and his staff. Our oservations and or- rectiva actions implemented or planned are sumarized below. First available docmewntation not used as ba;is for recordine accrued ananditures Vendor invoices and GSA billings received prior to the receipt of material are not used as a basi- to record accrued expenditures. This Is contrary to DOD Instruction 7220.27 which states that accrued expenditures will be recorded based upon the first available documentation. The Director of the Accounting Division stated that Navy Stock Tund regulations have not been 0/

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