Inactive Obligations on Contracts
September 25, 2000
Project ID: FI-2000-125
As part of our audit of contract administrative payment and closeout processes, we identified contracts with recorded obligations, but without any activity for 36 months as of August 31, 2000. This report presents the results of our audit of inactive obligations on contracts in the Department of Transportation (DOT). Our objective was to determine whether inactive obligations on contracts represented valid financial liabilities. We will issue a separate report on contract administrative payment and closeout processes in the near future.