department of defense agency financial report fiscal year 2012

Department of Defense Agency Financial Report for FY 2012
covenants restrict the Department’s use and disposal of real property (land and buildings)
located outside the United States.
The Department does not have the acquisition value for all General PP&E and uses several
cost methodologies to provide General PP&E values for financial statement reporting
purposes. The discovery and validation phases are identifying adjustments to values
resulting in current year gains/losses.
Other consists of assets awaiting disposition.
Heritage Assets and Stewardship Land
The Department’s policy is to preserve its heritage assets, which are items of historical,
cultural, educational, or artistic importance.
The mission of the Department is to provide the military forces necessary to deter war and
protect the security of the United States. In that mission, the Department, with minor
exceptions, uses most of the buildings and stewardship land in its daily activities and
includes the buildings on the Balance Sheet as multi-use heritage assets (capitalized and
depreciated).
Differences in the heritage assets and stewardship land quantities from the FY 2011 ending
to the FY 2012 beginning unit counts resulted from efforts to improve quality of reported
data.
Heritage assets within the Department consist of buildings and structures, archeological
sites, and museum collections. The Department defines these as follows:
• Buildings and Structures. Buildings and structures that are listed, or eligible for listing,
on the National Register of Historic Places, including Multi-Use Heritage Assets.
• Archeological Sites. Sites that have been identified, evaluated, and determined to be
eligible for or are listed on the National Register of Historic Places in accordance with
Section 110 National Historic Preservation Act.
• Museum Collection Items. Items which are unique for one or more of the following
reasons: historical or natural significance; cultural, educational, or artistic importance;
or significant technical or architectural characteristics.
The Department is unable to identify all quantities of heritage assets and stewardship land
added through donation or devise in FY 2012 due to limitations of the Department’s financial
and nonfinancial management processes and systems that feed the financial statements.
Categories
Measure
Quantity
As of
9/30/11
Additions Deletions
As of
9/30/12
Buildings and Structures Each 58,603 859 3,287 56,175
Archeological Sites Each 30,637 633 1,357 29,913
Museum Collection Items
(Objects, not including fine art)
Each 1,367,534 28,272 163,580 1,232,226
Museum Collection Items (Objects,
fine art)
Each 51,296 2,222 125 53,393
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Financial Information