Document text
Machine-read from the scan, so expect some errors. Lines that couldn’t be read are left out.
Page 2
An information paper, AEC 166/4, was prepared outlining the general provisions of the Budget and Accounting Act of 1950 as they affect , Problems involved in amortization of emergency facilities for tax purposes under certificates of necessity and the possibility of guaranteeing loans under the Defense Production Act were studied. During the month the Central Accounts Branch was created to aasume certain responsibilities formerly assigned to the Accounting and Interpal ' ly Chief, Finance Division, HOO. The new branch will prepare and review . over-all AEC financial statements and cost reports, perform the accounting and auditing for Washington Office financial transactions, and c a r r y on the activities of the insurance operations section. Accounting Branch was renamed the Accounting Systepls Branch and w i l l continue4to be directly responsible for designing and developing account: ing policies, systems; and procedures and for various related staff ' report on changes in plant and equipment. The new branch I s headed by Charles F. Schank, formerThis Branch will continue to receive and analyze the cost Work continued on the construction accounting manual. The proposed (24 bulletin on accounting for inventoriea of stores and special materials was revised and distributed to all office6 f o r camment.
Page 3
The annual financial statements from all offices were reviewed By the endand discussed with originating personnel where necessary. of the month the final figures for the consolidated annual financial statements were completed and work had been started on the text of the first annual financial report of the Controller. The report will be a classified analysis of the year-end balance sheet and fiscal year 190 operating statement with supporting schedules. The New York, Schenectady, and Chicago Operations Offices were making good progress with developing their property accounting. The du Pont letter contract was approved by the Comptroller General, and work continued on such problems as the cost accounting requirements and insurance coverage. The overhead settlement agreements with the University of California were approved by the Comptroller General and copies were forwarded to the managers at Chicago and Santa Fe for execution. Representatives of OR00 met with members of the Washington staff to review long outstanding GAO exceptions. A representative of the Washington Investigation Section is now permanently located at each of the following: and Oak Ridge. availability for special assignments in addition to their routine inThe operations offices have been informed of their Social Science Research Council AM: received copies of the preliminary survey report prepared by Proiessors Dahl and Brown of Yale University identifying and outlining problems wising from AEC operations, policies, and intergovernmental relationships that may be fruitfully explored by social scientists. The proposed staff paper on the employees' benefit plan was re-' vised to incorporate decisions reached at a General Manager's staff meeting and was again circulated to AM: offices for comment. Approximately $67,000 worth of machine tools were transferred * from HOO to Project Royal. of which 629 were for the new operations office. Orders were placed for 692 motor vehicles cc3 Re cords Management cn The Security and Finance Divisions are exploring a proposal that
Page 4
Santa Fe accountability documents located at Oak Ridge be microfilmed to reduce the number of Top Secret documents. This would considerably simplify the preparation of accountability reports for such documents. Fiscal Year 1951 Budget During October, the staff of the Budget Branch of Finance had.8 series of discussions Kith the Bureau of the Budget concerning the apportionment of obligational authority for fiscal year 1951 by quarters released by the Bureau on October 6. was made to the Bureau for an increase pf $15 million in the apportionment for the second quarter of fiscal year 1951 with an offsetting decrease in the fourth quarter. As this action constituted a request for a deficiency apportionment pending submission of a supplemental estimate, the Burean was asked to consider' a Presidential determination exempting the Commission's appropriation f r o m apportionment for fiscal year 1951 under the provisions of Section 1211 of the 1951 General Appropriation requested to cover the additional housing at Hanford and other requireOn October 12, a formal request On October 24, further revision in the 1951 apportionments was Both requests were approved early in November. After approval by the Commission on October 20, a supplemental estimate for fiscal year 1951 was presented to the Bureau, and the z: Bureau was informed that additional estimates were under consideration and would be submitted as soon as firm figures and justifications could Fiscal Year 1952 Budget Estimates After the Commission had approved the 1932 base budget on October 6, copies of the justifications were submitted to the Bureau of the Budget. Justifications for additional requirements for fiscal ye'= 1952 were submitted after Commission approval on October 26, and the Bureau was notified that additional estimates for 1952 were being preHearings before the Bureau of the Budget on fiscal year 1952 estimates started October 30.