Defense Inventory: Most Excess Property in Panama Was Disposed of Properly, but Some Control Weaknesses Existed

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Description

A letter report issued by the General Accounting Office with an abstract that begins "The Panama Canal Treaty called for the United States to transfer control over the Panama Canal to Panama and withdraw U.S. military forces and equipment from Panama. The treaty allowed the U.S. government to remove or dispose of all equipment and supplies acquired by U.S. forces. U.S. plans for withdrawal from Panama required excess property to be processed using disposal procedures that gave the military services and the federal agencies the first opportunity to receive the property. During 1998 and 1999, the Department of Defense's (DOD) ... continued below

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United States. General Accounting Office. November 9, 2000.

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Description

A letter report issued by the General Accounting Office with an abstract that begins "The Panama Canal Treaty called for the United States to transfer control over the Panama Canal to Panama and withdraw U.S. military forces and equipment from Panama. The treaty allowed the U.S. government to remove or dispose of all equipment and supplies acquired by U.S. forces. U.S. plans for withdrawal from Panama required excess property to be processed using disposal procedures that gave the military services and the federal agencies the first opportunity to receive the property. During 1998 and 1999, the Department of Defense's (DOD) Panama disposal office processed excess property valued at $136.7 million. Of this amount, $691,000 worth of property (less than one percent) was unaccounted for during this period. Disposal office records show that the property was written off as lost. DOD recognizes the need to properly manage and account for its assets and is working on a long-term strategy to provide in-transit control and visibility over excess property through information technology. DOD also has developed a new lesson segment for training its personnel on control procedures, but it has not taken adequate steps to ensure that the appropriate field personnel have received the training."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • November 9, 2000

Added to The UNT Digital Library

  • June 11, 2014, 5:03 a.m.

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United States. General Accounting Office. Defense Inventory: Most Excess Property in Panama Was Disposed of Properly, but Some Control Weaknesses Existed, report, November 9, 2000; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc291182/: accessed November 24, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.