Financial Audit:

House Child Care Center Financial Statements for the Years Ending 8-31-90 and 8-31-89

AFMD-91-59: Published: Apr 26, 1991. Publicly Released: Apr 26, 1991.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a legislative requirement, GAO audited the balance sheets of the House of Representatives Child Care Center, Inc., as of August 31, 1990 and 1989, and the related statements of revenue, expenses, and fund balance and cash flows for the fiscal years then ended.

GAO found that: (1) the financial statements presented fairly the Center's financial position as of August 31, 1990 and 1989 and the results of its operations for the years then ended in conformity with generally accepted accounting principles; (2) the reports showed no evidence of any material internal control weakness or noncompliance with laws and regulations; and (3) during 1990, the Center did not submit to the House of Representatives comprehensive monthly reports of its operations and financial transactions as required by law.