Financial Audit:

House Child Care Center Financial Statements for the Years Ending 8-31-89 and 8-31-88

AFMD-90-65: Published: Apr 23, 1990. Publicly Released: Apr 23, 1990.

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Pursuant to a congressional request, GAO audited the financial statements of the House of Representatives Child Care Center, Inc., for the fiscal years ended August 31, 1989 and 1988.

GAO found that: (1) the financial statements presented fairly the financial position of the House of Representatives Child Care Center, Inc., and the results of its operations and cash flows for the years then ended, in conformity with generally accepted accounting principles; and (2) the Center complied with the terms and provisions of applicable laws and Internal Revenue Service regulations which could materially affect its financial statements.

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