FEDERAL REAL AND PERSONAL PROPERTY INVENTORY REPORT (CIVILIAN AND MILITARY) OF THE U.S. GOVERNMENT, COVERING ITS PROPERTIES LOCATED IN THE UNITED STATES, IN THE TERRITORIES, AND OVERSEAS, AS OF JUNE 30, 1966
This Federal property inventory report represents a compilation of assigned values of real and personal property owned or controlled by the Federal Government, located throughout the world, as of June 30, 1966. This comprehensive recording of assets of the Government is the 11th such report issued by the House Committee on Government Operations. The committee has issued, on an annual basis, inventory reports of federally owned real and personal properties, on a fiscal year basis, from June 30, 1955, through June 30, 1964. Early in 1965 it was determined by the chairman of the committee that future inventory reports of the committee would be issued on a biennial basis. Consequently, a report was not issued as of June 30, 1965.
The committee staff assigned to this project, aided by the experience of Government department and agency representatives, has explored inventory accounting systems employed by the Federal Government in an effort to include all assets of a department and to bring records covering such assets under accounting control. A comparison of our previous inventory reports, as listed below, shows clearly the great progress which has been made in improving accounting methods and recordkeeping operations employed in recording the amounts of real and personal property owned or controlled by the Federal Government. Constant attention is being focused on accurate and complete accounting of these assets. The utilization of up-to-date accounting systems, motivated by stimulated interest in property inventories, has strengthened the efforts of Government departments and agencies in bringing inventories under accounting control. This progress, which is being observed by the public, Members of the Congress, and especially by the membership of this committee, has been most encouraging.