Review of Department of Education FY 1980 Interagency Fund Transfer Agreements

GAO examined selected Department of Education fiscal year 1980 transfers to determine whether any of those agreements violated any laws. GAO discussed the procedures for developing the fund transfer agreements with Education officials and reviewed their written guidelines. GAO examined most of the agreement documents and related accounting records to: (1) determine the purpose of the transfers; (2) verify the amounts that were transferred; and (3) evaluate the legal authority cited as permitting the transfers.