Financial Audit:

House Child Care Center Financial Statements for the Years Ending 8-31-91 and 8-30-90

AFMD-92-88: Published: Sep 18, 1992. Publicly Released: Sep 18, 1992.

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Pursuant to a legislative requirement, GAO examined financial statements of the House of Representatives Child Care Center, Inc., as of August 31, 1991 and 1990, and its internal control structure and compliance with applicable laws and regulations for the fiscal year ended August 31, 1991.

GAO found that: (1) the Center's financial statements presented fairly, in all material respects, its financial position as of August 31, 1991 and 1990, and the results of its operations and cash flows for the fiscal years then ended, in conformity with generally accepted accounting principles; and (2) the audits did not disclose any material weaknesses in internal controls or noncompliance with applicable laws and regulations selected for review.

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