Skip to main content

Fiscal Year 2011 Agreed-Upon Procedures for Excise Tax Distributions to the Highway Trust Fund

GAO-12-139R Published: Nov 03, 2011. Publicly Released: Nov 03, 2011.
Jump To:
Skip to Highlights

Highlights

As requested, this correspondence discusses our findings on whether the net excise tax revenue distributed to the Highway Trust Fund (HTF) for the fiscal year ended September 30, 2011, is supported by the underlying records. The Department of Transportation's Inspector General is responsible for the adequacy of these agreed-upon procedures to meet your objectives, and we make no representation in that respect. The procedures we agreed to perform were related to (1) transactions that represent the underlying basis of amounts distributed from the general fund to the HTF during fiscal year 2011, (2) the Internal Revenue Service's (IRS) quarterly HTF excise tax receipt certifications prepared during fiscal year 2011, (3) the U.S. Department of the Treasury's Financial Management Service adjustments to HTF excise tax distributions during fiscal year 2011, (4) the U.S. Department of the Treasury's Office of Tax Analysis's (OTA) estimates of excise tax amounts to be distributed to the HTF for the fourth quarter of fiscal year 2011, (5) adjustments to the HTF for tax on kerosene used in aviation during fiscal year 2011, and (6) the amount of net excise taxes distributed to the HTF during fiscal year 2011.

Full Report

Office of Public Affairs

Topics

Air transportationAirportsAuditing standardsCommercial aviationExcise taxesFederal records managementFuel taxesFunds managementGasolineGovernment collectionsInternational travelKerosenePropertyTax returnsAir travelAssessmentsPolicies and procedures