About | Free Trial

Last Update

2011-11-03T00:00:00.000Z

This profile was last updated on // .

Is this you? Claim your profile.

Background Information

Employment History


Defense Finance and Accounting Service


Accounting Service

Accountant

Affiliations

Founder
The Commission on Wartime Contracting and Afghanistan

Web References (18 Total References)


Jerry Doyle Show Topics Covered - The Jerry Doyle Show

www.jerrydoyle.com [cached]

Hr. 3~ Jim Minnery, CPA, former Defense Finance and Accounting Services (DFAS) accountant joins us at 230 Pacific to talk about The Commission on Wartime Contracting in Iraq and Afghanistan established by Congress in 2008 that spent three years probing more than $206 billion the U.S. government spent on contracts and grants during a decade of conflict.

...
Jim has firsthand knowledge of wasteful defense spending... In 2001 he was troubled by what he was seeing and was in trouble for trying to reconcile the money paper trail. Minnery was in a key position to see how the lack of internal controls and the lack of a paper trail cause millions of dollars to be written off without knowing where the money went. He was a CPA who had a 20 year career in the private accounting sector and a former Marine. He joined DFAS and was in its working capital fund group. He found that DFAS was writing off DISA's (Defense Systems Information Agency) cross disbursements (disbursements between agencies) and not matching it with the Treasury books and doing it without documentation.
Minnery was unable to get DFAS to show him the documentation (vouchers) for these write-offs and he was told that the paperwork was "inadvertently" discarded. Minnery went on a two-year mission from 1997 to 1999 to find the vouchers himself. He found that over $400 million was unmatched and that at least $180 million could not be reconciled. This meant that the money was spent and taken off DISA's liabilities without any paper trail on what the money was spent.
His thanks by his DFAS bosses was to be harassed and reassigned. After he had tracked down some of the money, the DFAS office in Pensacola responsible for the documentation of the write-off "solved" the problem by creating a bogus journal entry. Minnery was taken off as team leader, and the problem, according to the bureaucracy, is "solved."


it is gone," said Jim ...

www.vdare.com [cached]

it is gone," said Jim Minnery of the Defense Finance and Accounting Service, "but we don`t


KnoxNews: National

www.knoxvillenews.com [cached]

Jim Minnery, an accountant in Ohio who works for the Defense Finance and Accounting Service, said few people understand the enormity of the task.

A central problem is that the Pentagon didn't document what its assets were worth before Congress decided in the early 1990s to get serious about federal spending accountability, he said.
"The Pentagon wasn't in the business of making money, so they never needed an income statement," Minnery said."They expensed their assets like planes and buildings and such. ...They dished money out, and they never kept track of what they owned."
When forced to put together a financial statement, the agency had to try to assign a value to everything, new and used, on its bases and inside its offices, storage rooms and arsenals.
"That's one of the main reasons I don't believe they'll ever have a clean (audit)," said Minnery, whose complaints about missing money in 2002 earned him a label as a whistleblower.
Even basic accounting procedures fail.Minnery said some systems make it impossible to match checks that have been written to the bills that were being paid.
"Their systems can't keep track of who they've sold stuff to, who owes them, who they owe," he said.
Another factor that has evolved over the decades is a decentralized system that records the same part with a multitude of different multicharacter codes, and difficulties ensue with any cross-service transaction because their ordering codes differ as well.
"The Navy has a set (of codes), the Army has a set, the Air Force has a set," Minnery said.


NWAnews.com :: Northwest Arkansas' News Source

www.nwanews.com [cached]

Jim Minnery, an accountant in Ohio who works for the Defense Finance and Accounting Service, said few people understand the enormity of the task.

A central problem is that the Pentagon didn't document what its assets were worth before Congress decided in the early 1990 s to get serious about federal spending accountability, he said.
"The Pentagon wasn't in the business of making money, so they never needed an income statement," Minnery said."They expensed their assets like planes and buildings and such....They dished money out, and they never kept track of what they owned."
When forced to put together a financial statement, the agency had to try to assign a value to everything, new and used, on its bases and inside its offices, storage rooms and arsenals.
"That's one of the main reasons I don't believe they'll ever have a clean [audit ]," said Minnery, whose complaints about missing money in 2002 earned him a label as a whistle-blower.
Even basic accounting procedures fail.Minnery said some systems make it impossible to match checks that have been written to the bills that were being paid.
"Their systems can't keep track of who they've sold stuff to, who owes them, who they owe," he said.
Another factor that has evolved over the decades is a decentralized system that records the same part with a multitude of different multi-character codes, and difficulties ensue with any cross-service transaction because their ordering codes differ as well.
"The Navy has a set [of codes ], the Army has a set, the Air Force has a set," Minnery said.


But we dont know what they ...

www.knowledge4finance.com [cached]

But we dont know what they spent it on, said Jim Minnery, Defense Finance and Accounting Service.DoD SBIR Home Page; Navy SBIR Home Page; Defense Technical Information Center (DTIC) Defense Finance and Accounting Service (DFAS) Defense Contract Audit.DFAS: Defense Finance and Accounting Service: DHCP: Decentralized Hospital Computer Program: DIDS: Defense Integrated Data System: DLA: Defense Logistics Agency: DLAMP: Defense Leadership and Management Program.Improving the Defense Finance and Accounting Services Interactions with Its.A collection of documents and reports pertaining to the Defense Finance and Accounting Service (DFAS) Kids 1 st application; Interstate Case Reconciliation (ICR) Data Exchange Specifications [PDF].DefenseLINK News; DFAS (Defense Finance and Accounting Service) Early Bird ; GSA Airline City Pairs; Army Home Page; US Navy.The Defense Finance and Accounting Service (DFAS) The accounting firm of the Department of Defense (DoD).

...
Minnery, a former Marine turned whistle-blower, is risking his job by speaking out for the first.

Similar Profiles

Other People with this Name

Other people with the name Minnery

Mark Minnery
SinglePoint Solutions

Pauline Minnery
East Ayrshire Council

Chris Minnery
Bar Association of Queensland Inc

Cyndy Minnery
Licensed Nursing Home

Bill Minnery
Katerra Inc

Browse ZoomInfo's Business Contact Directory by City

Browse ZoomInfo's
Business People Directory

Browse ZoomInfo's
Advanced Company Directory