Information on Repayment of the Government's Uranium Enrichment Program Costs and Audits of That Program's Financial Statements
RCED-84-190: Published: Aug 10, 1984. Publicly Released: Aug 10, 1984.
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Pursuant to a congressional request, GAO obtained information concerning the Department of Energy's (DOE) repayment of Uranium Enrichment Program costs and audits of the program's financial statements. Authorizing program legislation requires DOE to price uranium enrichment services so that the government's costs will be recovered over a reasonable period of time.
GAO found that, to satisfy its cost recovery requirement, DOE has reflected both appropriated program costs and interest in its price for enrichment services. The program's fiscal year (FY) 1983 financial statements reflect total recovered costs of $12 billion with an unrecovered balance of $6 billion. The program's operating expenses and capital investments continue to be funded with appropriations. While DOE has not made specific repayments to the Treasury, government costs are being recovered and have been designated as part of actual appropriations or to offset appropriations. Annual financial statements for the program have been prepared since FY 1971 as suggested by GAO during its initial review of the program's accounting methods, and annual audits have been performed since FY 1972 by three different audit groups. GAO stated that, to enhance the stature and quality of its financial statements, they should be audited by independent auditors in accordance with generally accepted government auditing standards. GAO noted that, although it has not audited the program's financial statements in the past, it plans to audit the FY 1984 statements.
Nov 16, 2020
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Financial Audit:
Bureau of Consumer Financial Protection's FY 2020 and FY 2019 Financial StatementsGAO-21-174R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Securities and Exchange Commission's FY 2020 and FY 2019 Financial StatementsGAO-21-192R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.
Nov 10, 2020
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Financial Audit:
IRS's FY 2020 and FY 2019 Financial StatementsGAO-21-162: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020. -
Financial Audit:
Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial StatementsGAO-21-173R: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020.
Nov 9, 2020
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Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal DebtGAO-21-124: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Nov 6, 2020
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FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust FundsGAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.
Oct 13, 2020
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DOD Financial Management:
Continued Efforts Needed to Correct Material Weaknesses Identified in Financial Statement AuditsGAO-21-157: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
Sep 30, 2020
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Financial Management:
DOD Needs to Implement Comprehensive Plans to Improve Its Systems EnvironmentGAO-20-252: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
Sep 9, 2020
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Defense Real Property:
DOD-Wide Strategy Needed to Address Control Issues and Improve Reliability of RecordsGAO-20-615: Published: Sep 9, 2020. Publicly Released: Sep 9, 2020.
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