United States Army Annual Financial Statement - Office of the Under ...

More documents

Recommendations

Info

ERNEST J. GREGORY I am confi dent the Army will continue to leverage technology to further its transformation efforts. I am even more confi dent in the ability of our people to succeed in an ever-evolving fi nancial management environment. Message from the Principal Deputy Assistant Secretary of the Army (Financial Management and Comptroller) — vi
Fiscal Year (FY) 2004 was an unusually challenging year for the Army fi nancial management community. With major operations in Iraq, Afghanistan and elsewhere, appropriations for the Army totaled $149.8 billion, including an exceptional $53.4 billion in supplemental funding. The FY 2004 Army Annual Financial Statement signifi es another year of continued improvement in the management and reporting of our fi scal resources. Transformation for the operational Army hinges on relevance and readiness. The Army’s fi nancial management community has a parallel to this, its own transformation focusing on the provision of relevant, reliable information. At the core of our transformation is the application of federal accounting standards, the full implementation of which will deliver an unqualifi ed audit opinion and ensure compliance with the Chief Financial Offi cers (CFO) Act. Federal accounting standards also will provide fi nancial managers unprecedented insight into the costs of goods and services and will enable better analysis of funding execution. By following these standards, Army leadership will have the information necessary to make properly informed decisions when assessing operational requirements or supporting the individual Soldier. All organizational levels within the Army are reviewing their automated systems and processing procedures to ensure that fi nancial information is timely, accurate and relevant. Where necessary, procedures will be altered. In addition, the Army is validating fi nancial systems and nonfi nancial feeder systems for audit and internal control purposes, among them the Integrated Facilities System, Property Book Unit Supply Enhanced (PBUSE) and procedural controls for environmental liabilities. All legacy systems that do not support CFO compliance initiatives eventually will be replaced. In FY 2004 work continued on the key fi nancial management initiatives of the CFO Strategic Plan (the blueprint for CFO compliance), on the Accounting for Internal Use software, on identifying government-furnished equipment to contractors, and on the pursuit of Army Business Initiatives Council recommendations. New programs implemented during the year include the Defense Travel System and PBUSE. These initiatives will help the Army achieve full compliance with the CFO Act and should make possible achievement of an unqualifi ed audit opinion for the Army’s General Fund and Working Capital Fund fi nancial statements. The conclusion of FY 2004 also marks the conclusion of my government career. It has been an honor to serve with the Soldiers, civilians and contractors who are the key elements of the defense of our great nation. I am particularly proud to have been associated with the Army’s fi nancial management community. I have seen signifi cant change in the way the Army manages its fi scal resources, with manual processes giving way to automated systems and technological advancements revolutionizing the conduct of fi nancial management operations. I am confi dent the Army will continue to leverage technology to further its transformation efforts. I am even more confi dent in the ability of our people to succeed in an ever-evolving fi nancial management environment. I salute each and every member of the fi nancial management community. I salute our Soldiers. Ernest J. Gregory Principal Deputy Assistant Secretary of the Army (Financial Management and Comptroller) vii
Page 1 and 2: Fiscal Year 2004 United States Army
Page 3 and 4: 04 Message from the Secretary of th
Page 5 and 6: For three years the United States A
Page 7: At the close of another fi scal yea
Page 11 and 12: Throughout its history, the Army Co
Page 13 and 14: What Operation Enduring Freedom and
Page 15 and 16: Members of the Missouri National Gu
Page 17 and 18: Army Systems Controls and Legal Com
Page 19 and 20: We do not have the luxury to wait.
Page 21 and 22: We report below, on the progress ma
Page 23 and 24: In addition to supporting overseas
Page 25 and 26: General Fund Performance Results—
Page 27 and 28: activities (the PMA); the 2001 QDR;
Page 29 and 30: quantifi able but include deploymen
Page 31 and 32: conversions; will upgrade 5 Black H
Page 33 and 34: facilities; within those funds, sus
Page 35 and 36: information fl ow. Additionally, we
Page 37 and 38: Statement of Net Cost This statemen
Page 39 and 40: supplies existed between what was s
Page 41 and 42: procedures require surveillance pla
Page 43 and 44: eliable information will require th
Page 45 and 46: that will provide the type of infor
Page 47 and 48: General Fund Principal Financial St
Page 49 and 50: Department of Defense- Department o
Page 53 and 54: BUDGETARY FINANCING ACCOUNTS NON- B
Page 57 and 58: 1.C. Appropriations and Funds The A
Page 59 and 60:
the civilian employee pensions and
Page 61 and 62:
and support for contingencies. Ther
Page 63 and 64:
is recognized as a liability when a
Page 65 and 66:
1.Z. Development Fund for Iraq On J
Page 67 and 68:
The Fund Balance is reconciled to t
Page 69 and 70:
Note 3.B. Disclosures Related to Su
Page 71 and 72:
Non-Federal Accounts Receivable (fr
Page 73 and 74:
Note Reference See Note Disclosure
Page 75 and 76:
Note 8.H. Guaranteed Loans Outstand
Page 77 and 78:
Note 8.K. Subsidy Rate for Loan Gua
Page 79 and 80:
2) War Reserve Material includes fu
Page 81 and 82:
asset movement from troops to ammun
Page 83 and 84:
source data was not available. The
Page 85 and 86:
Quarter. Cancelled Appropriations w
Page 87 and 88:
Note Reference See Note Disclosure
Page 89 and 90:
Active Ranges At this time, the Arm
Page 91 and 92:
costs). Additionally, Class 0 proje
Page 93 and 94:
The balance reported for the Deposi
Page 95 and 96:
Estimate of the Possible Liability
Page 97 and 98:
Note 19.A General Disclosures Relat
Page 99 and 100:
The Army’s operating expenses wer
Page 101 and 102:
Other adjustments increased $794,56
Page 103 and 104:
alternative methodology to calculat
Page 105 and 106:
statement presentation purposes on
Page 107 and 108:
Land and Building lease periods var
Page 109 and 110:
Component Level Combined Total Elim
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Component Level 2004 Combined 2003
Page 119 and 120:
Component Level 2004 Combined 2003
Page 121 and 122:
Army National Guard Component Level
Page 123 and 124:
SOURCEOFCOLLECTIONS Component Level
Page 125 and 126:
Stewardship Land For Fiscal Year En
Page 127 and 128:
Investments in Research and Develop
Page 129 and 130:
2. Advanced Component Development a
Page 131 and 132:
Army facilities are predominantly C
Page 133 and 134:
Procurement Military Personnel Mili
Page 135 and 136:
Procurement Military Personnel Mili
Page 137 and 138:
RequiredSupplemental Information -
Page 139 and 140:
Page 141 and 142:
annual fi nancial statements—much
Page 143 and 144:
Report on Internal Control and Comp
Page 145 and 146:
General Property, Plant, and Equipm
Page 147 and 148:
Audit Disclosures We did not perfor
Page 149 and 150:
The primary mission of AWCF activit
Page 151 and 152:
The AMC controls AWCF activities th
Page 153 and 154:
Working Capital Fund Performance Re
Page 155 and 156:
Supply Management, Army Program Sco
Page 157 and 158:
Logistics Modernization Program (LM
Page 159 and 160:
and that are recovered as overhead
Page 161 and 162:
LMP seeks to re-engineer existing l
Page 163 and 164:
Ordnance Program Scope Customer Rev
Page 165 and 166:
Customer Revenue Rate. The Ordnance
Page 167 and 168:
in the world. Warfi ghting is about
Page 169 and 170:
Statement of Net Cost This statemen
Page 171 and 172:
Advancing the President’s Managem
Page 173 and 174:
Army Working Capital Fund Principal
Page 175 and 176:
Department of Defense- Army Working
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
the initial cost of products and se
Page 183 and 184:
fully implement the policies and pr
Page 185 and 186:
For the AWCF activities, all PP&E u
Page 187 and 188:
In-Transits represents the net valu
Page 189 and 190:
amounts recorded by the Treasury bu
Page 191 and 192:
Non-Federal Other Assets - Other As
Page 193 and 194:
2. Restrictions of Inventory Use, S
Page 195 and 196:
2. Other Information: Leasehold Imp
Page 197 and 198:
Other Liabilities Not Covered by Bu
Page 199 and 200:
Note 15.A. Other Liabilities As of
Page 201 and 202:
Other Liabilities: (Amounts in Thou
Page 203 and 204:
Note Reference For additional line
Page 205 and 206:
Note 19.D. Imputed Expenses As of S
Page 207 and 208:
Prior Period Adjustments The Depart
Page 209 and 210:
All business activity increased dur
Page 211 and 212:
the AWCF were reported as material
Page 213 and 214:
[This Page Left Intentionally Blank
Page 215 and 216:
Ordnance Component Level Combined T
Page 217 and 218:
D.Ordnance Combined Total Eliminati
Page 219 and 220:
Ordnance Component Level Combined T
Page 221 and 222:
Ordnance Component Level 2004 Combi
Page 223 and 224:
Information Service Ordnance Compon
Page 225 and 226:
Budget Authority: Appropriations re
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
as the principal fi nancial stateme
Page 233 and 234:
Page 235 and 236:
The Federal Financial Management Im
Page 237 and 238:
The Civil Works’ mission is const
Page 239 and 240:
Civil Works Programs The Civil Work
Page 241 and 242:
2,000-square-mile Los Angeles Count
Page 243 and 244:
emoval. Jacksonville District and M
Page 245 and 246:
mission accomplishment and in turn
Page 247 and 248:
an environmental program objective
Page 249 and 250:
Performance Result 1: The performan
Page 251 and 252:
Performance Indicator: This is meas
Page 253 and 254:
Corps. It has also begun to identif
Page 255 and 256:
Statement of Changes in Net Positio
Page 257 and 258:
Future Effects of Existing Conditio
Page 259 and 260:
fi eld HR staffs are informed about
Page 261 and 262:
equirements for a public key-based
Page 263 and 264:
Civil Works Fund Principal Financia
Page 265 and 266:
Department of Defense- Department o
Page 267 and 268:
Page 269 and 270:
Page 271 and 272:
Revolving Funds 96X4902 Revolving F
Page 273 and 274:
comprehensive fi nancial management
Page 275 and 276:
1.L. Loans Receivable Not applicabl
Page 277 and 278:
1.S. Contingencies and Other Liabil
Page 279 and 280:
Long-Term Receivable for hydraulic
Page 281 and 282:
Note 3.B. Disclosures Related to Su
Page 283 and 284:
Receivables with National Aeronauti
Page 285 and 286:
Note 8. A. Direct Loan and/or Loan
Page 287 and 288:
Work-in-Process balances include co
Page 289 and 290:
Note 10. General PP&E, Net As of Se
Page 291 and 292:
Note 10.A. Assets Under Capital Lea
Page 293 and 294:
Note 12. Accounts Payable As of Sep
Page 295 and 296:
Note 15.A. Other Liabilities As of
Page 297 and 298:
Note 15.B. Capital Lease Liability
Page 299 and 300:
queries to identify trading partner
Page 301 and 302:
Note 20. Disclosures Related to the
Page 303 and 304:
Fund, is due to property recorded w
Page 305 and 306:
Unobligated Balance: Net transfers
Page 307 and 308:
Other: The change is mostly attribu
Page 309 and 310:
Borrowing Authority Revolving Funds
Page 311 and 312:
[This Page Left Intentionally Blank
Page 313 and 314:
Combined Total Eliminations 2004 Co
Page 315 and 316:
Page 317 and 318:
2004 Consolidated 2003 Consolidated
Page 319 and 320:
Revolving Funds Contributed Funds G
Page 321 and 322:
Page 323 and 324:
Heritage Assets For Fiscal Year End
Page 325 and 326:
(a) (b) Property Type/Major Class 1
Page 327 and 328:
Page 329 and 330:
Required Supplemental Information -
Page 331 and 332:
Required Supplemental Information -
Page 333 and 334:
These material weaknesses also affe
Page 335 and 336:
Page 338:
WORKING DRAFT 10-07-04 United State
show all

United States Army Annual Financial Statement - Office of the Under ...

Create successful ePaper yourself

Delete template?

Save as template?