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Audit of the House Recording Studio Revolving Fund for the Fiscal Year Ended March 31, 1978

GGD-78-90 Published: Aug 08, 1978. Publicly Released: Aug 08, 1978.
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Highlights

Operations of the House Recording Studio are financed from a revolving fund and from funds appropriated to the Clerk of the House. Monies received from operations are deposited into the revolving fund and are available for the Studio's operation. Employee salaries and benefits and certain other operating expenses are paid from appropriated funds. House Resolution 287 prohibited members from maintaining an unofficial office account to defray expenses incurred in the operation of a congressional office, including expenses for recording studio services. It restructured the allowance for official expenses outside the District of Columbia to provide funds for Members' official expenses and increased the annual allowance for expenses from $2,000 to $7,000.

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Accounts receivableAppropriationsCivil auditsFederal agenciesFinancial disclosureOverhead costsRevolving fundsDepreciationAccounting recordsFinancial statements