Financial Audit:

Pennsylvania Avenue Development Corporation's 1988 Financial Statements

AFMD-90-22: Published: Jan 11, 1990. Publicly Released: Jan 11, 1990.

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GAO examined the Pennsylvania Avenue Development Corporation's financial statements for the fiscal year ended September 30, 1988, and the related statements of revenues, expended appropriations and expenses, and changes in financial position for the year then ended.

GAO found that the financial statements presented fairly the Corporation's operations and changes in financial position for the year then ended, in conformance with generally accepted accounting principles applied on a consistent basis.

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