Funds management (11 - 20 of 52 items)
Securities and Exchange Commission: Additional Actions Needed to Ensure Planned Improvements Address Limitations in Enforcement Division Operations
GAO-07-830: Published: Aug 15, 2007. Publicly Released: Sep 17, 2007.
The Securities and Exchange Commission's (SEC) ability to conduct investigations and bring enforcement actions for violations of securities laws is critical to its mission to protect investors and maintain fair and orderly markets. SEC's Division of Enforcement (Enforcement) is charged with investigating securities law violations; recommending civil enforcement actions when appropriate, either in...
Alaska Native Villages: Recent Federal Assistance Exceeded $3 Billion, with Most Provided to Regional Nonprofits
GAO-05-719: Published: Aug 2, 2005. Publicly Released: Aug 2, 2005.
This report responds to section 112, Division B, of the Consolidated Appropriations Act of 2004, which directs GAO to review federal programs benefiting rural communities in Alaska. After discussions with congressional staff, GAO agreed to examine federal programs benefiting Alaska Native villages. Specifically, this report (1) provides information on the amount of federal assistance provided to A...
LOCAL TV Act: Administrative Funds May No Longer Be Necessary
GAO-05-438: Published: Apr 22, 2005. Publicly Released: Apr 22, 2005.
This is GAO's third report addressing the LOCAL TV Act's requirement that GAO perform an annual audit of the (1) administration of the provisions of the act and (2) financial position of each applicant who receives a loan guarantee under the act, including the nature, amount, and purpose of investments made by the applicant. Although the LOCAL Television Loan Guarantee Program (LOCAL TV Program) w...
Customs Service Modernization: Management Improvements Needed on High-Risk Automated Commercial Environment Project
GAO-02-545: Published: May 13, 2002. Publicly Released: May 13, 2002.
The U.S. Customs Service has requested $206.9 million for its Automated Commercial Environment (ACE)--a new import processing system. Customs' second expenditure plan provides for (1) meeting the Office of Management and Budget's capital planning and investment control review requirements; (2) complying with Customs' enterprise architecture; and (3) complying with federal acquisition rules, requi...
Underfunded State and Local Pensions Plans
HRD-93-9R: Published: Dec 3, 1992. Publicly Released: Jan 4, 1993.
Pursuant to a congressional request, GAO commented on the pension-funding practices of state and local governments, focusing on the extent to which state and local governments: (1) failed to make appropriate contributions to plans; (2) changed actuarial assumptions or funding methods in order to lower required contributions; and (3) used pension funds to pay operating expenses. GAO noted that: (1)...
Bankruptcy Administration: Justification Lacking for Continuing Two Parallel Programs
GGD-92-133: Published: Sep 28, 1992. Publicly Released: Oct 15, 1992.
Pursuant to a congressional request, GAO reviewed the Department of Justice's (DOJ) U.S. trustee program and the judicial branch's bankruptcy administrator program, administered by the Administrative Offices of the United States Courts (AOUSC), focusing on: (1) comparing their efficiencies, costs, and results; (2) their differences; and (3) whether two programs are needed.GAO found that: (1) opera...
Military Assistance: Improving the Way Congress Is Notified of Program Changes
NSIAD-89-4: Published: Nov 22, 1988. Publicly Released: Nov 22, 1988.
In response to a congressional request, GAO assessed the Department of Defense's (DOD) congressional notification procedures for reprogramming of foreign military assistance funds to determine whether changes in the process would provide Congress with better information on significant reprogramming without undue administrative burden.GAO found that: (1) the Foreign Assistance Act required the exec...
Asset Forfeiture Programs: Progress and Problems
T-GGD-88-41: Published: Jun 23, 1988. Publicly Released: Jun 23, 1988.
Pursuant to a congressional request, GAO examined the Department of Justice's (DOJ) and Customs Service's asset forfeiture programs. GAO found that the agencies took actions to resolve program problems, including: (1) requiring headquarters approval to hold cash seizures of $5,000 or more as evidence; (2) making timely cash deposits, resulting in current deposits totalling $232 million in designat...
Wallop-Breaux Trust Fund
T-RCED-88-38: Published: Apr 28, 1988. Publicly Released: Apr 28, 1988.
GAO discussed the Aquatic Resources Trust Fund's Boat Safety Account, from which the Coast Guard administers payments to states to support their recreational boating safety activities. GAO noted that states: (1) received two-thirds of account funds; (2) typically spent $4 for every federal dollar, exceeding the requirements to match federal funds dollar-for-dollar; (3) typically requested all fund...
Federal Employees Group Life Insurance Program
T-GGD-88-32: Published: Apr 27, 1988. Publicly Released: Apr 27, 1988.
Pursuant to a congressional request, GAO discussed the Federal Employees Group Life Insurance (FEGLI) Program, which the Office of Personnel Management (OPM) administers. GAO noted that the federal government: (1) annually pays about $850,000 in risk charges to about 200 insurance companies who participate as FEGLI reinsurers; (2) separately pays the prime insurer to process FEGLI claims; and (3)...