Funds management (11 - 20 of 182 items)
Financial Audit: Congressional Award Foundation's Fiscal Years 2008 and 2007 Financial Statements
GAO-09-652: Published: May 15, 2009. Publicly Released: May 15, 2009.
This report presents our opinion on the financial statements of the Congressional Award Foundation (the Foundation) for the fiscal years ended September 30, 2008, and 2007. These financial statements are the responsibility of the Foundation. This report also presents (1) our opinion on the effectiveness of the Foundation's related internal control as of September 30, 2008, and (2) the results of o...
Single Audit: Opportunities Exist to Improve the Single Audit Process and Oversight
GAO-09-307R: Published: Mar 13, 2009. Publicly Released: Apr 10, 2009.
Federal government grant awards to state and local governments and nonprofit organizations have risen substantially from $7 billion in 1960 to $500 billion budgeted in fiscal year 2009. In constant dollars, federal grant awards rose from about $42 billion in 1960 to $500 billion in fiscal year 2009. The auditing of federal awards, including grant funds, administered by state and local governments...
Financial Audit: Capitol Preservation Fund's Fiscal Years 2007 and 2006 Financial Statements
GAO-09-92: Published: Dec 5, 2008. Publicly Released: Dec 5, 2008.
This report presents our opinion on the financial statements of the Capitol Preservation Fund (the Fund) for the fiscal years ended September 30, 2007, and 2006. It also discusses our consideration of the Fund's internal controls and our tests of compliance with laws and regulations during fiscal years 2007 and 2006. We conducted our audits pursuant to 2 U.S.C. 2084 and in accordance with U.S. gen...
Financial Audit: Securities and Exchange Commission's Financial Statements for Fiscal Years 2008 and 2007
GAO-09-173: Published: Nov 14, 2008. Publicly Released: Nov 14, 2008.
Established in 1934 to enforce the securities laws and protect investors, the Securities and Exchange Commission (SEC) plays an important role in maintaining the integrity of the U.S. securities markets. Pursuant to the Accountability of Tax Dollars Act of 2002, SEC is required to prepare and submit to Congress and the Office of Management and Budget audited financial statements. GAO agreed, under...
Legal Services Corporation: Improvements Needed in Governance, Accountability, and Grants Management and Oversight
GAO-08-833T: Published: May 22, 2008. Publicly Released: May 22, 2008.
This testimony discuss GAO's recent reviews of Legal Services Corporation's (LSC) governance, accountability and grants management practices. LSC's mission is to make federal funding available to provide legal assistance in civil matters to low-income people throughout the United States on everyday legal problems. LSC pursues this mission by providing financial assistance, mostly through grants to...
Financial Audit: Congressional Award Foundation's Fiscal Years 2007 and 2006 Financial Statements
GAO-08-715: Published: May 15, 2008. Publicly Released: May 15, 2008.
This report presents our opinion on the financial statements of the Congressional Award Foundation (the Foundation) for the fiscal years ended September 30, 2007, and 2006. These financial statements are the responsibility of the Foundation. This report also presents (1) our opinion on the effectiveness of the Foundation's related internal control as of September 30, 2007, and (2) the results of o...
Navy Working Capital Fund: Management Action Needed to Improve Reliability of the Naval Air Warfare Center's Reported Carryover Amounts
GAO-07-643: Published: Jun 26, 2007. Publicly Released: Jun 26, 2007.
According to the Department of Defense's (DOD) fiscal year 2007 budget estimates, working capital fund activity groups (depot maintenance, ordnance, and research and development) will have about $6 billion of funded work that will be carried over from fiscal year 2007 into fiscal year 2008. The congressional defense committees recognize that these groups need some carryover to ensure a smooth work...
Financial Audit: Capitol Preservation Fund's Fiscal Years 2000 and 1999 Financial Statements
GAO-01-619: Published: Apr 30, 2001. Publicly Released: Apr 30, 2001.
GAO audited the financial statements of the Capitol Preservation Fund for fiscal years 2000 and 1999. GAO found that the financial statements were presented fairly in conformity with U.S. generally accepted accounting principles, contained no material weaknesses in internal control over financial reporting (including safeguarding assets) and complied with the provisions of laws and regulations te...
Senate Office of Public Records Revolving Fund Review Procedures
GAO-01-390R: Published: Feb 20, 2001. Publicly Released: Feb 20, 2001.
GAO reviewed whether the Senate Office of Public Records revolving fund's reported fiscal year (FY) 2000 receipts and disbursements and fund balances at the beginning and end of the review period were complete and accurate. GAO found that FY 2000 cash receipts for the Senate Office of Public Records were supported by appropriate documentation and were accurately recorded, summarized, and reported...
Financial Management: Problems in Accounting for Navy Transactions Impair Funds Control and Financial Reporting
AIMD-99-19: Published: Jan 19, 1999. Publicly Released: Jan 19, 1999.
Pursuant to a legislative requirement, GAO reviewed the effects of in-transit disbursements on the Navy's funds control and financial reporting.GAO noted that: (1) the Navy and the Department of Defense (DOD) have not established adequate funds control as required by the Antideficiency Act; (2) current policies and procedures permit the Navy to delay for about 5 years: (a) the recording of obligat...