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Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781720730309
Category :
Languages : en
Pages : 34
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Book Description
Improvements Still Needed in Recouping Administrative Costs of Foreign Military Sales
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781720730309
Category :
Languages : en
Pages : 34
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Book Description
Improvements Still Needed in Recouping Administrative Costs of Foreign Military Sales
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Military assistance, American
Languages : en
Pages : 21
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Book Description
Although Congress has made it clear that the foreign military sales program is not to be subsidized, the Department of Defense (DOD) has no assurance that surcharges on sales to foreign customers are sufficient to recover the full costs of administering the program. GAO was asked to review DOD actions on previous GAO recommendations for improving the accounting and financial management of the program. Funds to reimburse DOD activities for administrative costs of the program are obtained from foreign customers through a surcharge added to the sales price of goods and services provided. DOD budgets are used in updating the surcharge rates and in reimbursing DOD activities for the costs incurred. Problems still exist in the program, and DOD is continuing to subsidize the foreign military sales program. The latest GAO study has shown that: (1) DOD is still unable to adequately estimate the full costs incurred by the military services in administering the program because the Defense Security Assistance Agency directed the military services to exclude certain valid costs from their budget submissions and because the military services, in preparing their budgets, made inaccurate and incomplete estimates of other administrative costs to the program; (2) the actual costs incurred by DOD activities in administering the sales program exceeded budgeted amounts, but the amount billed the surcharge account was to be limited to the budgeted amount; (3) DOD made improper transfers of over $5 million to the administrative surcharge account during fiscal year 1980; and (4) the accounting procedures used did not always accumulate the actual cost or workload data for administering the program. Without an adequate surcharge rate, the administrative support costs will not be recouped. A GAO examination at activities with about $96 million in fiscal year 1980 billings identified $5 million in unrecovered costs.
Author:
Publisher: DIANE Publishing
ISBN: 1428974121
Category :
Languages : en
Pages : 44
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 15
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Book Description
The Arms Export Control Act gives the President authority to sell defense articles and services to eligible foreign countries, generally at no cost to the U.S. government. While the Defense Security Cooperation Agency (DSCA) has overall responsibility for administering the FMS program, the Army, Navy, and Air Force generally execute the sales agreements-commonly referred to as sales cases. Foreign military sales are made on an individual case basis. A foreign country representative initiates a case by sending a letter of request to DOD asking for information, such as the price and availability of goods, training, technical assistance, follow-on support, or other services. Once the customer decides to proceed with the purchase, DOD prepares a Letter of Offer and Acceptance (LOA) stating the terms of the sale for the items and services being provided. After the LOA is accepted, the FMS customer is generally required to pay, in advance, amounts necessary to cover costs associated with the services or items purchased from DOD. The Department of the Treasury holds these advance payments in an FMS trust fund.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 14
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Book Description
The Air Force lacked adequate management controls over its foreign military sales (FMS) program to ensure that foreign customers' accounts were properly charged for goods and services. GAO's analysis of data maintained by the Defense Finance and Accounting Service indicates that the Air Force may not have charged foreign military sales customers for as much as $540 million worth of delivered goods and services. The Air Force recognizes that it must improve its controls over the program and develop the data needed to identify instances in which foreign customers' accounts have not been charged for goods and services received. However, according to Air Force officials, the data are going to be made available only on an ad hoc basis, meaning that they will not be routinely available to the appropriate personnel for review, including managers, with the requirement that they use the information to ensure that customers' accounts are being properly charged.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 27
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Book Description
Author: United States. Congress. House. Committee on Appropriations. Subcommittee on Department of Defense
Publisher:
ISBN:
Category :
Languages : en
Pages : 1822
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Book Description
Author: United States. Congress. House. Committee on Appropriations
Publisher:
ISBN:
Category :
Languages : en
Pages : 952
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Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 1010
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Book Description
Catalog of reports, decisions and opinions, testimonies and speeches.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 156
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Book Description
