Financial Audit:

Capitol Preservation Fund's Fiscal Years 2003 and 2002 Financial Statements

GAO-05-206: Published: Jul 14, 2005. Publicly Released: Jul 14, 2005.

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Jeanette M. Franzel
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This report presents our opinion on the financial statements of the Capitol Preservation Fund (the Fund) for the fiscal years ended September 30, 2003, and 2002. It also discusses our consideration of the Fund's internal controls and our tests of compliance with laws and regulations during fiscal year 2003. We conducted our audit pursuant to 2 U.S.C. 2084 and in accordance with U.S. generally accepted government auditing standards.

We found (1) that the financial statements are presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles; (2) no material weaknesses in the internal controls we tested over financial reporting (including safeguarding assets) and compliance with laws and regulations; and (3) no reportable noncompliance with the provisions of laws and regulations we tested.

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