The Defense Working Capital Fund (DWCF) is a revolving fund financial mechanism that involves approximately 200,000 civilian and military personnel providing more than $85 billion in goods and services. About 20% of DoD's direct appropriation dollars flow through the DWCF on an annual basis. The...
According to the Department of Defense's (DOD) fiscal year 2007 budget estimates, working capital fund activity groups (depot maintenance, ordnance, and research and development) will have about $6 billion of funded work that will be carried over from fiscal year 2007 into fiscal year 2008. Th...
Inspector General, DOD, Oversight of the Air Force Audit Agency Audit of the FY 1999 Working Capital Fund Financial Statements An audit of the Air Force Working Capital Fund financial statements is required by Public Law 101-576, the 'Chief Financial Officers Act of 1990', November... FJ ...
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“The world’s most prominent AI companies focus on gathering the data on which to train AI and the human capital to support and execute AI operations,” said Schmidt in hiswritten testimony. “If DoD is to become ‘AI‑ready,’ it must continue down the pathway that Project Maven paved...
fund. “break-even” basis (revenue generated equals the cost DOD DWCFs associated with receiving the revenue). Fund managers track and report two main types of operating results: the (1) Defense-Wide Working Capital Fund (DWWCF) net operating result(NOR), the net difference between ...
We delegated the audit of the FY 1999 Air Force Working Capital Fund financial statements to the Air Force Audit Agency. This report provides our endorsement of the Air Force Audit Agency disclaimer of opinion on the FY 1999 Air Force Working Capital Fund financial statements, along with the ...
Intragovernmental transactions are transactions that occur within and among general fund and working capital fund organizations, DoD, and the Federal Government. These intragovernmental transactions should be identified and eliminated, as appropriate, when an entity prepares consolidated financial statements.*...
DoD and Army officials responsible for reconciling differences in inventory balances between DoD inventory management system should read this report. This reports discusses weaknesses in guidance for performing reconciliations and controls over the process of reconciling the Army Working Capital Fund (AWCF)...
This audit relates to DoD Subordinate Performance Goal 2.3, 'Streamline the DoD infrastructure by redesigning the Departments support structure and pursuing business practice reforms'. The Defense Working Capital Fund provides support services to the Military Departments. The support services include supply...