1Army MWR FY 2003 Annual Report
This is the 12th annual report of the Army’s Morale, Welfare, andRecreation programs and related activities. This report reﬂectsoperating results for Fiscal Year 2003. Where appropriate forcontinuity and clarity, some program narratives in this summarymay be continued into Fiscal Year 2004.The report provides an overview of these programs to constitu-ent commanders and customers who are the recipients of theseservices and from whom revenues are derived.The nonappropriated fund ﬁnancial data reported is compiledfrom audited and unaudited operating results of ﬁeld operatingand Headquarters NAF activities.The U.S. Army Audit Agency and command Internal Reviewelements periodically test ﬁnancial components of ﬁeld NAFactivities. Commercial auditors conduct annual audits of Head-quarters nonappropriated funds.The USACFSC also submits to independent commercial auditorswho conduct annual audits of Headquarters nonappropriatedfunds using Generally Accepted Government Auditing Standards,which are more rigorous then commercial accounting standards.Those auditors concluded, for the year that data is completed,that the ﬁnancial position of those funds and the results of operations and cash ﬂow were in conformity with accountingprinciples generally accepted in the United States of America.