Funds management (1 - 10 of 55 items)
Permanent Funding Authorities: Some Selected Entities Should Review Financial Management, Oversight, and Transparency Policies
GAO-17-59: Published: Dec 9, 2016. Publicly Released: Dec 9, 2016.
Permanent authorities to collect and obligate fees, fines, penalties and other funds without further congressional action vary in the degree to which Congress retains control over collections and obligations or delegates control to the entities that administer them. For the purposes of this report, GAO refers to these legal authorities as permanent funding authorities. GAO examined five case studi...
Intragovernmental Revolving Funds: NIST's Interagency Agreements and Workload Require Management Attention
GAO-11-41: Published: Oct 20, 2010. Publicly Released: Oct 20, 2010.
GAO previously found that a significant portion of the National Institute of Standards and Technology's (NIST) working capital fund contained a growing carryover balance. Almost all of the fund's resources come from appropriations advanced from federal clients for NIST's technical services through interagency agreements. Monitoring and tracking key information about agreements and the funds advanc...
Legal Services Corporation: Some Progress Made in Addressing Governance and Accountability Weaknesses, But Challenges Remain
GAO-10-194T: Published: Oct 27, 2009. Publicly Released: Oct 27, 2009.
In August 2007, GAO reported (GAO-07-993) that Legal Services Corporation (LSC) had not kept up with evolving reforms aimed at strengthening governance, accountability and internal controls. In December 2007, GAO reported (GAO-08-37) weaknesses in LSC's internal controls over grants management and oversight of grantees. GAO was asked to testify on the status of accountability practices of the LSC...
American Battle Monuments Commission: Management Action Needed to Improve Internal Control Procedures
GAO-09-714R: Published: Jun 17, 2009. Publicly Released: Jun 17, 2009.
On February 27, 2009, we issued our report expressing our opinion on the American Battle Monuments Commission's (the Commission) fiscal years 2008 and 2007 financial statements and our opinion on the Commission's internal control as of September 30, 2008. We also reported on the results of our tests of the Commission's compliance with selected provisions of laws and regulations during fiscal year...
Review of Special Counsel Expenses for 6 Months Ended September 30, 2008
GAO-09-367R: Published: Mar 31, 2009. Publicly Released: Mar 31, 2009.
This report presents the results of GAO's review of the expenses of the Office of Special Counsel-Patrick J. Fitzgerald (OSC-Fitzgerald) for the 6 months ended September 30, 2008. The expenses we reviewed were those made by the Department of Justice (DOJ) between April 1, 2008, and September 30, 2008, from the permanent, indefinite appropriation (fund) for OSC-Fitzgerald. To determine if there wer...
Counterdrug Technology Assessment Center: Clarifying Rationale for the Research and Development Funding Decisions Would Increase Accountability
GAO-09-339R: Published: Mar 12, 2009. Publicly Released: Mar 12, 2009.
This letter formally transmits the summary of an oral briefing we gave on December 8, 2008, and subsequent agency comments. We gave this briefing in response to Senate Report 110-129, accompanying the 2008 Financial Services and General Government Appropriations Bill. In accordance with direction in that report, and in consultation with House and Senate Appropriation Committee staff, we are report...
Certificated Expenditures: Executive Office of the President Fiscal Year 2007 Certificated Expenditures Were Used for Authorized Purposes
GAO-09-305: Published: Feb 17, 2009. Publicly Released: Feb 17, 2009.
Pursuant to 3 U.S.C. 105(d) and 106(b), we reviewed certificated expenditures from fiscal year 2007 appropriations of the President of the United States and the Vice President of the United States. These sections authorize the President and the Vice President to expend appropriated funds for certain specified purposes that may be accounted for solely on their certificates and as they determine, no...
Status of GAO Recommendations to the Department of Defense (Fiscal Years 2001-2007)
GAO-09-201R: Published: Dec 11, 2008. Publicly Released: Dec 11, 2008.
Section 402 of the Concurrent Resolution on the Budget for Fiscal Year 2009 required us to report to the appropriate congressional committees by the end of the 110th Congress regarding the Department of Defense's (DOD) progress in implementing GAO's recommendations over the last 7 years. During this period of time, we issued 637 reports to DOD or its components that included 2,726 recommendations...
Private Equity: Recent Growth in Leveraged Buyouts Exposed Risks That Warrant Continued Attention
GAO-08-885: Published: Sep 9, 2008. Publicly Released: Oct 7, 2008.
The increase in leveraged buyouts (LBO) of U.S. companies by private equity funds prior to the slowdown in mid-2007 has raised questions about the potential impact of these deals. Some praise LBOs for creating new governance structures for companies and providing longer term investment opportunities for investors. Others criticize LBOs for causing job losses and burdening companies with too much d...
Sovereign Wealth Funds: Publicly Available Data on Sizes and Investments for Some Funds Are Limited
GAO-08-946: Published: Sep 9, 2008. Publicly Released: Oct 6, 2008.
Sovereign wealth funds (SWF) are government-controlled funds that seek to invest in other countries. With new funds being created and many growing rapidly, some see these funds providing valuable capital to world markets, but others are concerned that the funds are not transparent and could be used to further national goals and potentially harm the countries where they invest. GAO plans to issue a...