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CED-81-140 1 (1981-09-04)

handle is hein.gao/gaobabcja0001 and id is 1 raw text is: BY THE COMPTROLLER GENERAL Report To The Congress OF THE UNITED STATES Conrail Needs To Further Improve Inventory Control And Management The Consolidated Rail Corporation (Conrail) has made progress in its attempts to improve control over materials and supplies used to maintain and rehabilitate the railroad, but more needs to be done. Since 1976 the Congress has provided $3.3 billion in Federal funds to Conrail, about $1.4 billion of which has been spent for track rehabilitation. The inventory records for ma- terials and supplies for track rehabilitation are largely inaccurate regarding what items are on hand and where they are located. The book value of inventory on September 30, 1980, was about $239 million. Although the physi- cl count of inventory on that date differed only $1 million from the amount shown in te records, there were total variances of $99 million consisting of inventory stores with shiortages of $50 million and overages of $49 rvillion. Conrail had to adjust its records by these amounts. In addition, because Conrail's rwcords are inaccurate, it cannot be sure that itis purchasing items that are actually needed. 11624II III II I CED-81-140 SEPTEMBER 4, 1981

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