American Battle Monuments Commission:
World War II Memorial Fund Audit for Fiscal Year 1997
AIMD-98-129R: Published: Apr 28, 1998. Publicly Released: Apr 28, 1998.
- Full Report:
Pursuant to a legislative requirement, GAO audited the revenues and expenditures of the American Battle Monuments Commission's World War II Memorial Fund for the fiscal year ended September 30, 1997.
GAO noted that: (1) for the fiscal year ended September 30, 1997, the fund had revenues of $9.8 million and expenditures of $7.1 million; (2) begining with fiscal year (FY) 1997, the fund recognized revenues and expenditures primarily on an accrual basis; (3) prior to FY 1997, the fund recognized revenues and expenditures primarily on a cash basis; (4) total fund revenues have consisted of contributions, commemorative coin surcharge proceeds, and investment earnings; and (5) total fund expenditures have consisted of memorial design costs, contractual services, personnel compensation and benefits, and office costs.