Commemorative Coin Program:
The 1995 Special Olympics World Games Organizing Committee, Inc.
AIMD-98-121R: Published: Apr 17, 1998. Publicly Released: Apr 17, 1998.
Additional Materials:
- Full Report:
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Pursuant to a legislative requirement, GAO performed a one-time audit of the use of commemorative coin surcharge proceeds received by the 1995 Special Olympics World Games Organizing Committee, Inc.
GAO noted that: (1) the Committee received about $4.4 million in surcharge proceeds from the U.S. Mint from June 1995 through January 1996; (2) the Committee's financial statements were audited for the calendar years ended 1992 through 1996 by independent public accounting firms; (3) those statements showed that the Committee's total revenues and expenses from all sources were each about $33.8 million; (4) the Committee established a variety of accounts to record its expenses, but was not required to and did not separately account for expenses paid from surcharge proceeds; (5) as a result, GAO could not determine specifically how the Committee used its surcharge proceeds for the 1995 games; and (6) section 5134 of Title 31, United States Code, as amended by Public Law 104-208, addressed this issue with provisions that now require recipients that received coin surcharge proceeds after September 30, 1996, to: (a) separately account for the receipt and expenditure of coin surcharge proceeds; and (b) obtain annual financial audits by an independent public accounting firm until all surcharge proceeds received are expended or placed in trust.
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. -
Financial Audit:
Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
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:
Continued Efforts Needed to Correct Material Weaknesses Identified in Financial Statement AuditsGAO-21-157: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
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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