Audit of the Stationery Revolving Fund for the Fiscal Year Ended June 30, 1977

GGD-78-33: Published: Feb 22, 1978. Publicly Released: Feb 22, 1978.

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The Stationery Revolving Fund of the House of Representatives is administered by the Office Supply Service under the jurisdiction of the Clerk of the House. Funds appropriated to the House of Representatives for Members' stationery allowances are transferred to the Fund. The Office Supply Service furnishes House Members, committees, departments, and officers with stationery and supplies at cost. Purchases by Members are charged against their allowance accounts, and purchases by committees, departments, and officers must be approved by the Chairman of the House Committee on House Administration.

A minicomputer has been installed at the Office Supply Service which should resolve several of the inventory control problems commented on in previous reports. An audit was made in accordance with the Comptroller General's standards for auditing financial transactions, accounts, and reports of governmental activities. The financial statements were prepared on a basis consistent with that of the preceding year and present fairly the financial position of the Stationery Revolving Fund at June 30, 1977, and June 30, 1976, the results of it operations, and changes in its financial position for the fiscal years then ended.

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