Author :
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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (946 download)
Book Synopsis Defense Inventory: Information on the Use of Spare Parts Funding Is Lacking by :
Download or read book Defense Inventory: Information on the Use of Spare Parts Funding Is Lacking written by and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the military services have been reporting that a shortage of spare parts has caused a decline in military readiness. Despite additional funding provided by the Congress to address this issue, the services are still reporting concerns about spare parts shortages. You expressed concern about whether the added funding had been used to reduce spare parts shortages and asked that we review how the Department of Defense had used the funds. In response to your request, this report addresses (1) what the Department and the military services did with the funds the Congress specifically provided for spare parts and (2) what plans the Department has to improve financial management information on spare parts funding. As agreed with your staff, we focused this review on the funds, totaling about $1.1 billion, that were specifically earmarked for spare parts and associated logistical support in the Emergency Supplemental Appropriations Act for Fiscal Year 1999. The funds earmarked specifically for spare parts and associated logistical support, totaling about $1.1 billion, were largely placed in the military services operation and maintenance accounts. However, current financial information does not show the extent to which the Department used these funds for spare parts. Available documentation shows that the Department of Defense transferred 92 percent of these funds to the military services operation and maintenance accounts.