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Funds management (11 - 20 of 106 items)
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,...
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...
Civil Financial Audits Issue Area: Active Assignments
AA-95-29(4): Published: Oct 1, 1995. Publicly Released: Oct 1, 1995.
GAO provided information on its active assignments in the Civil Financial Audits issue area as of October 2, 1995...
DOE's Fiscal Year 1994 Uncosted Balances
RCED-95-263R: Published: Aug 7, 1995. Publicly Released: Sep 6, 1995.
Pursuant to a congressional request, GAO provided information on the uncosted obligations held by the Department of Energy (DOE) and its management and operating (M&O) contractors. GAO noted that: (1) 529.2 million of DOE uncosted balances were not needed for their identified purpose, did not tie into specific needs, and were in excess of DOE expected needs; (2) $97.4 million in uncosted balances...
AIMD-95-225R: Published: Aug 24, 1995. Publicly Released: Aug 24, 1995.
GAO reviewed the Pension Benefit Guaranty Corporation's (PBGC) accounting procedures and internal controls that warranted management's attention as of September 30, 1994. GAO noted that PBGC: (1) used evidence about significant transactions that occurred after year-end in assessing its year-end contingent liabilities; (2) misclassified several pension plans based on their prior year classification...
Financial Management: Indian Trust Fund Accounts Cannot Be Fully Reconciled
T-AIMD-95-94: Published: Mar 8, 1995. Publicly Released: Mar 8, 1995.
GAO discussed the Bureau of Indian Affairs' (BIA) efforts to reconcile Indian trust fund accounts and make needed management improvements to ensure the accounts' future accuracy. GAO noted that: (1) BIA has spent 4 years and $16 million to reconcile Indian trust fund accounts, which it has not fully reconciled; (2) BIA is requesting $6.8 million for fiscal year 1996 to continue the detailed reconc...
Indian Trust Fund Testimony Q&As
AIMD-95-33R: Published: Dec 2, 1994. Publicly Released: Dec 2, 1994.
Questions were raised concerning the Department of the Interior's failure to correct serious problems in the management of Indian Trust Funds. GAO noted that: (1) although Interior officials believe that the 6-Point Trust Funds and Trust Asset Management Reform Plans will correct all serious trust fund management problems, the 6-Point Plan falls short of a comprehensive strategic plan; (2) the Bur...