Review of SADF Disbursements
AIMD-96-114R: Published: Jun 26, 1996. Publicly Released: Jun 26, 1996.
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Pursuant to a congressional request, GAO reviewed disbursements from the U.S. Marshals Service's seized asset deposit fund (SADF) for the Central District of California between 1993 and 1995. GAO noted that: (1) as of December 1995, the fund's balance was $59.1 million; (2) proper disbursements from the fund included remittances to property owners, payments to innocent third parties, and mortgage payments on seized property using rental income; (3) there were disbursements and transfers that were not properly authorized, or were authorized after the transaction had occurred, and there was one disbursement that was not paid consistent with a related court order; (4) it was not able to determine the appropriateness of three disbursements because supporting documentation was inadequate; (5) other internal control weaknesses included the lack of adherence to written policies and procedures, and inadequate segregation of duties over the disbursement process; (6) there were instances where inadequate management of seized real property caused property to deteriorate and mortgages to be paid late; and (7) the federal government has incurred unnecessary losses because of these property management problems.
Feb 18, 2021
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Financial Audit:
Federal Deposit Insurance Corporation Funds' 2020 and 2019 Financial StatementsGAO-21-284R: Published: Feb 18, 2021. Publicly Released: Feb 18, 2021.
Nov 16, 2020
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Financial Audit:
Bureau of Consumer Financial Protection's FY 2020 and FY 2019 Financial StatementsGAO-21-174R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
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Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
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Securities and Exchange Commission's FY 2020 and FY 2019 Financial StatementsGAO-21-192R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.
Nov 10, 2020
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Financial Audit:
IRS's FY 2020 and FY 2019 Financial StatementsGAO-21-162: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020. -
Financial Audit:
Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial StatementsGAO-21-173R: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020.
Nov 9, 2020
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Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal DebtGAO-21-124: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Nov 6, 2020
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FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust FundsGAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.
Oct 13, 2020
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DOD Financial Management:
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Sep 30, 2020
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Financial Management:
DOD Needs to Implement Comprehensive Plans to Improve Its Systems EnvironmentGAO-20-252: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
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