American Battle Monuments Commission
AIMD-95-9: Published: Oct 12, 1994. Publicly Released: Oct 12, 1994.
- Full Report:
Pursuant to a legislative requirement, GAO audited the American Battle Monuments Commission's use of coin surcharge proceeds.
GAO found that: (1) between May 1993 and September 1993, the Commission received $3,447,088 in coin surcharge proceeds from the U.S. Treasury; (2) the proceeds were initially deposited in a Treasury Fund as required by the World War II Memorial Authorization Act; and (3) as of September 1993, the Commission had not spent any of the proceeds for the design and construction of a memorial, had cash reserves totalling $84,987 to meet possible expenses, and had invested all of the remaining proceeds in U.S. interest bearing obligations.