FINANCIAL RECORDS ACCUMULATION - - RECORDS CENTER

Approved For Release 2004/03/26 : CIA-RDP69B00369R000100010017-6. Approved For Release 2004/03/26 : CIA-RDPG9BO036IR000100010017-6.  SECRET accumulation of 6,545 cubic feet of financial records. A cubic foot om sprst smi san of 8 milion em increase is 345 cubic feet unvouchered and 960 vouchered, for a total concerned with transactions up to 30 December 1960, are being retired Agency's use of which to retire the originals of vouchers has been approved by GAO. The last GAO Site Audit Cextification was issued 26 April 1962, to cover the period ending 30 December 1960. SECRET EE  Approved For Release 2004/03/26 : CIA-RDP69BO036IR000100010017-6 SECRET 4. The Records Center was constructed in 1955, expanded in 1958 at a total cost approximating $690,000, It has a capacity of of 103,380 cubic feet. Amortizing construction costs over a 20 year period, and including factors to cover costs for storage equipment and manpower, it is estimated that the annual cost of servicing one cubic foot of records is approximately $1.80. Applying this figure against the quantity of financial records now in storage (6,545 cubic feet), it can be seen that $11,700 is being expended annually to care for the present accumulation, and that this will increase by some- thing in excess of $2,300 per year. 5. As the central repository for all Agency records, the Records Center is now being utilized to 83% sum of capacity. It is estimated that at the present rate of use all available space will be fully utilized within the next three years. In this connection, it is to be noted that if additional storage space should be required, to the extent that the cost of prior construction may have been $7.00 per cubic foot, the present would be almost $11.00. SECRET Approved For Release 2004/03/26 : CIA-RDP69BO036IR000100010017-6