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Audit of the House Recording Studio Revolving Fund for the Calendar Year 1980

AFMD-81-69 Published: Jul 01, 1981. Publicly Released: Jul 01, 1981.
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Highlights

GAO examined the House Recording Studio Revolving Fund for the calendar year ended December 31, 1980. The House Recording Studio makes graphic prints, film, audio- and video-tape recordings for Members and committees of the House of Representatives. The prices charged for services are set by the Clerk of the House, subject to the approval of the Committee on the House Recording Studio. Studio operations are financed from a revolving fund and from funds appropriated to the Clerk of the House and the Architect of the Capitol. All moneys received from operations are deposited into the revolving fund and are available for the Studio's operation. Employee salaries and certain other operating expenses are paid from appropriated funds. These expenses are neither recorded in the Studio's accounting records nor included in determining the results of Studio operations.

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Civil auditsFinancial managementIncome statisticsProfitsRevolving fundsSalesFinancial statementsAccounts receivableAppropriated fundsAccounting records