Financial Audit:

Northeast-Midwest Congressional Coalition Financial Statements for 1990 and 1989

AFMD-92-44: Published: Apr 9, 1992. Publicly Released: Apr 9, 1992.

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Pursuant to a congressional request, GAO audited the balance sheets of the Northeast-Midwest Congressional Coalition for the years ended December 31, 1990 and 1989, and the related statements of operations and fund balance and of cash flows for the years then ended.

GAO found that: (1) the financial records presented fairly the financial position of the Coalition as of December 31, 1990 and 1989, and the results of its operations and its cash flows for the years then ended, in conformity with generally accepted accounting principles; and (2) there was no provision for any liability that might result from the settlement of a dispute with the District of Columbia regarding whether certain Coalition salaries were exempt from unemployment compensation taxes.

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