Army Installation Real Property

AFMD-93-4ML: Published: Oct 7, 1992. Publicly Released: Oct 7, 1992.

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GAO provided information on accounting for real property at certain Army installations. GAO found that: (1) the Army installations it visited kept incomplete and inaccurate records of their real property holdings because personnel did not enter or inaccurately entered data into their respective Integrated Facilities System (IFS); (2) the installations' general ledgers were inaccurate and unreliable, and were not reconciled with IFS; (3) in response to the reported discrepancies, the Defense Finance and Accounting Service issued a memorandum in July 1991 requesting the installations to do the required reconciliations; and (4) as of September 30, 1991, only two of the ten installations had completed the reconciliations, two others were still in process, and the rest had not attempted the reconciliations.

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