Audit of the Stationery Revolving Fund for Fiscal Year Ended June 30, 1980
GGD-81-44: Published: Mar 3, 1981. Publicly Released: Mar 3, 1981.
- Full Report:
A request was made for GAO to review the House of Representatives Stationary Revolving Fund. The Fund is administered by the Office Supply Service under the Clerk of the House of Representatives' jursidiction.
GAO found that the Stationary Revolving Fund had equipment purchases of over $12,000 during the reviewed fiscal year. There were no equipment disposals during that year. Direct funding of the Fund was discontinued. As a result, members' stationary purchases are charged against their consolidated allowance accounts, and the Fund is reimbursed. The Office Supply Service has charged a 10-percent surcharge on all nonofficial purchases. In the opinion of GAO, the financial statements present fairly the financial position of the Stationary Revolving Fund.