Examination of Financial Statements, Government Printing Office, Fiscal Year 1976

FOD-77-5: Published: Nov 25, 1977. Publicly Released: Nov 25, 1977.

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Examination of the financial statements of the Government Printing Office (GPO) for fiscal year 1976 showed that the statements presented fairly the financial position of GPO at September 30, 1976, and the results of its operations and changes in its financial position for the 15-month period then ended, except for certain accounting policy changes. GPO is responsible for furnishing printing and binding services ordered by the Congress, executive departments, and independent agencies of the federal government. In addition, GPO offers publications for sale to the public. GPO's activities are financed by a revolving fund which receives funds from appropriations for printing and binding services performed for the Congress, reimbursements for printing services from departments and agencies of the federal government, sales of government publications to the public, and special appropriations for certain GPO programs.

During the reviewed period, the GPO Office of Audits issued 47 audit reports making recommendations to GPO management on a variety of subjects to enhance the economy, efficiency, and effectiveness of GPO operations. Procedural controls have been strengthened and improved, resulting in recovery of overpayments to printing and binding contractors in excess of $31,000.

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