Financial Management:

The Indian Trust Fund Strategic Plan

AIMD-97-161R: Published: Sep 2, 1997. Publicly Released: Sep 2, 1997.

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Linda M. Calbom
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Office of Public Affairs
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GAO provided responses to congressional questions raised during its July 30, 1997, testimony on the Special Trustee's Strategic Plan to Reform the Management of Indian Trust Funds.

GAO noted that: (1) the entire strategic plan does not need to be put on hold; (2) the strategic plan does not address settlement issues but does address fractionated land ownership; (3) the strategic plan does not adequately address how proposals for establishing a centralized organization responsible for trust fund accounting and asset management would be implemented; (4) the proposed American Indian Trust and Development Administration does not fit the mold of other government sponsored enterprises; and (5) the strategic plan includes budget estimates indicating that about $168 million would be needed for fiscal years 1997 through 1999 and approximately $61 million and $56 million fiscal years 2000 and 2001, respectively, for implementing Phase I initiatives.

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