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Highlights

GAO provided information on cash management practices at Rocky Mountain Arsenal.

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Recommendations

Recommendations for Executive Action

Agency Affected Recommendation Status
Department of the Army 1. The Assistant Secretary of the Army (Financial Management & Comptroller) should instruct the program manager at Rocky Mountain Arsenal to work with Shell to amend the financial manual accompanying the settlement agreement to bill monthly rather than quarterly.
Closed - Implemented
As a result of GAO's work, the Army has implemented the three recommendations. Procedures and systems to accommodate the changes in cash management practices are being designed and they are set to become effective with the start of the new fiscal year on October 1, 1997.
Department of the Army 2. The Assistant Secretary of the Army (Financial Management & Comptroller) should instruct the program manager at Rocky Mountain Arsenal to work with Shell to amend the financial manual accompanying the settlement agreement to eliminate the extra 30 days currently allowed for the payment cycle.
Closed - Implemented
As a result of GAO's work, the Army has implemented the three recommendations. Procedures and systems to accommodate the changes in cash management practices are being designed and they are set to become effective with the start of the new fiscal year on October 1, 1997.
Department of the Army 3. The Assistant Secretary of the Army (Financial Management & Comptroller) should instruct the program manager at Rocky Mountain Arsenal to work with Shell to amend the financial manual accompanying the settlement agreement to establish networks that exchange payments by way of electronic funds transfer, rather than by mail.
Closed - Implemented
As a result of GAO's work, the Army has implemented the three recommendations. Procedures and systems to accommodate the changes in cash management practices are being designed and they are set to become effective with the start of the new fiscal year on October 1, 1997.

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