About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

093559 1 (1974-01-22)

handle is hein.gao/gaobacxft0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D C 20548 0q35q DIVISION OF FINANCIAL AND GENERAL MANAGEMENT STUDIES January 22, 1974 Admiral Chester R. Bender ) Commandant, United States Coast Guard Wo( Department of Transportation Dear Admiral Bender. This is the report on our survey of Coast Guard accounting for nonexpendable personal property. We reviewed the progress being made in accounting for prop- erty and observed the methods used to value it for accounting purposes. We also examined into the manner in which loaned property was accounted for. We examined selected property and accounting records at Coast reO- Guard Headquarters and at the Coast Guard Yard at Curtis Bay, Mary and and discussed property accounting procedures with officials responsible therefor. Our examination of the property and accounting records was made as of April 30, 1973. PROPERTY ACCOUNTING PROGRESS On December 29, 1951, in approving the Coast Guard's accounting system, the Cdmptroller General noted that monetary control over non- expendable personal property was lacking and stated that the matter needed attention. In 1969 we reported to the Congress (B-115398, September 18, 1969), and to the Secretary of Transportation (B-115336, December 23, 1969) that the Coast Guard still had not established monetary accounting control over nonexpendable property--which we estimated to have cost over $850 million. During our current survey we found that, as of April 30, 1973, about $735 million of the Coast Guard's $911 million of nonexpendable personal property had been brought under accounting control. Since that date an additional $6 million has been put under control and the Coast Guard plans to have all such property controlled by January 1, 1976.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most