Commemorative Coin Program:
Vietnam Veterans Memorial Fund
AIMD-98-15R: Published: Oct 15, 1997. Publicly Released: Oct 15, 1997.
- Full Report:
Pursuant to a legislative requirement, GAO performed a one-time audit of the use of commemorative coin surcharge proceeds received by the Vietnam Veterans Memorial Fund.
GAO noted that: (1) the Fund received about $2,849,000 in surcharge proceeds from the U.S. Mint from October 1994 through April 1996 and established an endowment in accordance with the provisions of Title II of Public Law 103-186; (2) as of May 1997, the Fund had expended about $252,000 from the endowment; and (3) the endowment balance as of May 1997 was about $3.3 million.