Funds management (31 - 40 of 182 items)
Financial Audit: Congressional Award Foundation's 1996 and 1995 Financial Statements
AIMD-97-87: Published: May 15, 1997. Publicly Released: May 15, 1997.
Pursuant to a legislative requirement, GAO audited the Congressional Award Foundation's financial statements for the fiscal years (FY) ended September 30, 1996 and 1995, focusing on the Foundation's: (1) internal controls; and (2) compliance with applicable laws and regulations.GAO noted that: (1) the financial statements were reliable in all material respects; (2) the Congressional Award Foundati...
Indian Trust Fund Q&As
AIMD/OGC-97-23R: Published: Dec 10, 1996. Publicly Released: Dec 10, 1996.
Pursuant to a congressional request, GAO provided information on Indian trust fund settlement issues. GAO noted that: (1) the Secretary of the Interior long had authority under treaties with individual tribes to invest tribal funds, and did so routinely; (2) in 1918, Congress directed the Secretary to segregate the common funds of any Indian tribe, which were susceptible to segregation, and to cre...
DOD Accounting Systems: Efforts to Improve System for Navy Need Overall Structure
AIMD-96-99: Published: Sep 30, 1996. Publicly Released: Sep 30, 1996.
GAO reviewed the Defense Finance and Accounting Service's (DFAS) efforts to reduce the number of Navy accounting systems and to enhance and implement a Navy-wide system to account for general fund operations.GAO found that: (1) DFAS selected the Navy's Standard Accounting and Reporting System (STARS) to serve as the Navy's system for general fund accounting; (2) although believed to be the newest,...
Financial Audit: Federal Deposit Insurance Corporation's 1995 and 1994 Financial Statements
AIMD-96-89: Published: Jul 15, 1996. Publicly Released: Jul 15, 1996.
GAO audited the financial statements of the Bank Insurance Fund, the Savings Association Insurance Fund, and the Federal Savings and Loan Insurance Corporation Resolution Fund for the years ended December 31, 1995 and 1994. GAO also highlighted the condition of the banking and thrift industries and the Federal Deposit Insurance Corporation's (FDIC) progress in addressing previously identified inte...
Financial Audit: Capitol Preservation Fund for Years Ended September 30, 1995 and 1994
AIMD-96-97: Published: Jul 5, 1996. Publicly Released: Jul 5, 1996.
Pursuant to a legislative requirement, GAO audited the financial statements of the Capitol Preservation Fund for the years ended September 30, 1995 and 1994.GAO found that: (1) the financial statements were reliable in all material respects and presented fairly, in accordance with generally accepted accounting principles, the fund's assets, liabilities, revenues, expenses, and cash flows for the p...
Indian Trust Fund Testimony Qs&As
AIMD-96-125R: Published: Jun 24, 1996. Publicly Released: Jun 24, 1996.
Pursuant to a congressional request, GAO provided information on the Bureau of Indian Affairs' (BIA) management of Indian trust funds and implementation of the Indian Trust Fund Management Act of 1994. GAO noted that: (1) trust fund reports to tribes contained limited information because some reconciliation procedures were not performed as originally envisioned and explanations of certain features...
Financial Management: Interior's Management of the Indian Trust Funds
T-AIMD-96-111: Published: Jun 18, 1996. Publicly Released: Jun 18, 1996.
GAO discussed the Department of the Interior's management of Indian trust funds. GAO noted that: (1) the Bureau of Indian Affairs (BIA) has completed its reconciliation of trust fund accounts, but the accounts could not be fully reconciled due to missing records and the lack of an audit trail; (2) the January 1996 BIA report to the tribes did not explain limitations in scope and methodologies used...
Financial Management: Interior's Efforts to Reconcile Indian Trust Fund Accounts and Implement Management Improvements
T-AIMD-96-104: Published: Jun 11, 1996. Publicly Released: Jun 11, 1996.
GAO discussed the Department of the Interior's efforts to reconcile Indian trust fund accounts, focusing on: (1) its efforts to implement trust fund management improvements; and (2) the usefulness of a legislated settlement process for resolving unsettled account balances. GAO noted that: (1) $2.4 billion in receipt and disbursement transactions could not be traced to supporting documentation at t...
Financial Management: BIA's Tribal Trust Fund Account Reconciliation Results
AIMD-96-63: Published: May 3, 1996. Publicly Released: May 3, 1996.
Pursuant to a congressional request, GAO reviewed the Bureau of Indian Affairs' (BIA) efforts to reconcile and certify tribal trust fund accounts.GAO found that: (1) BIA has spent over $21 million over 5 years in its attempts to reconcile and certify Indian trust fund accounts; (2) BIA and its reconciliation and certification contractors modified their contracts and procedures numerous times becau...