Financial Audit:

Capitol Preservation Fund's Fiscal Years 2007 and 2006 Financial Statements

GAO-09-92: Published: Dec 5, 2008. Publicly Released: Dec 5, 2008.

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Steven J. Sebastian
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This report presents our opinion on the financial statements of the Capitol Preservation Fund (the Fund) for the fiscal years ended September 30, 2007, and 2006. It also discusses our consideration of the Fund's internal controls and our tests of compliance with laws and regulations during fiscal years 2007 and 2006. We conducted our audits pursuant to 2 U.S.C. 2084 and in accordance with U.S. generally accepted government auditing standards. We appreciate the cooperation and assistance of the Office of the Secretary of the Senate, the Office of the Clerk of the House of Representatives, and the staff of the Library of Congress during our audits.

We have audited the statements of financial position of the Capitol Preservation Fund (the Fund) as of September 30, 2007, and 2006, and the related statements of activities and cash flows for the fiscal years then ended. We found the financial statements are presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles; no material weaknesses in the internal controls over financial reporting (including safeguarding assets) and compliance with laws and regulations; and no reportable noncompliance with the provisions of laws and regulations we tested.

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