6. Reconciliation of Summary Statement of Cash Receipts and Dis- bursements with Operating Statement. 7. Report of Obligations, Expenditures, and Reimbursements. 8, Cost Report - Projects in Progress. New reports have been added to the required list from time to time. On July 8, 1949, Bulletin GM-88 and Bureau of the Budget Circular A-30 were received. These required submission of annual reports of costs of maintenance and operation of AEC motor vehicles. On September 16, 1949, AEC Controller's Release No. 9 and AEC Controller's Release No. 17 were received. These required submission of a momthly report, “Cost Report on Changes in Plant and Equipment.” By the end of October 1949, the fiscal reporting requirements of all AEC Divisions had increased to a total of 20 reports, including: the Annual Moter Vehicle Report, 3 semi- monthly statements, and 16 monthly reports ana statements. ‘hese were in addition to 6 internal reports prepared for the guidance of# & N Management in the administration of all company matters, including government contracts. At the request of the AEC Contracting Officer, the various report requirements of the AEC and H & MW internal reports were reviewed by the Chief Fiscal Officer end the Controller. Thig e:»t::ia, reprinted at the Dsck cf th :- s..'lin. was furnished to the AEC Contracting Officer under date of November 18, 1949. Additional report requirements continued to be made. On December 6, 1949, in the AEC Controller's Office, Washington, D. C., the H& N Controller was given a copy of AEC Controller's Release No. 14, which required submission of an additienal monthly report, "Cost and Budget Report." The first report was furnished as of February 28, 1950. At the Los Alamos meetings of January 19, 20, and 21, 1950, instructions were given for the preparation of a special report required by the Joint Technical Planning Committee in Washington. mitted as of January 31, 1950. The first report was sub- Because H & NW cost ledgers and accounts, as revised, were designed to furnish cost classifications paralleling the revised estimates and Contract features, as modified for the purpose of the Cost Repert - ProJects in Progress, it was necessary each wonth to regroup and reclassify practically all cost ledger accounts three times, in order to conform to the varying requirements of the reports requested by Controller's Releases Ne. 9 and 14, and the Joint Technical Planning Committee. On February 7 and 8, 1950, during discussions at the H & N Home Of- fice among the Los Alamos AEC Director of Finance, members of his staff, two representatives of the AEC Washington Controller's Office, the H & N Chief Fiscal Officer, and the E & MN Controller, a review was made of all fiscal reports being furnished AEC. Analysis of the arrangement and con- tent of the various reports revealed that some of them were of questionable value and, from a management standpoint, misleading. One of the 11-26