This report responds to your request that we review financial and operational management issues relating to the Navy ordnance business area which was included in the Defense Business Operations Fund (DBOF). On December 11, 1996, the Under Secretary of Defense (Comptroller) reorganized DBOF and created four working capital funds: Army, Navy, Air Force, and Defense-wide. The Navy ordnance business area is now part of the Navy Working Capital Fund. The four working capital funds will continue to operate under the revolving fund concept and charge customers the full costs of providing goods and services to them. Since the Navy ordnance business area still operates under the revolving fund concept, our findings and recommendations are applicable under the working capital fund structure.
Navy Ordnance: Analysis of Business Area Price Increases and Financial Losses
1997
52 pages
Report
No indication
English
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