Insular Areas Update
GGD-96-184R: Published: Sep 13, 1996. Publicly Released: Sep 13, 1996.
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Pursuant to a congressional request, GAO provided information on the fiscal arrangements between the U.S. government and American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands. GAO found that: (1) the Internal Revenue Service collected $3.3 billion in taxes from Puerto Rico in fiscal year (FY) 1995; (2) the Bureau of Alcohol, Tobacco, and Firearms collected $232.4 million in excise taxes for rum shipped from Puerto Rico to the United States, and $47.8 million on rum shipped from the U.S. Virgin Islands to the United States; (3) the Treasury transferred $204.9 million and $41.7 million in rum excise tax revenue to the governments of Puerto Rico and the U.S. Virgin Islands; (4) the Customs Service collected $138.2 million in duties from Puerto Rico, of which $96 million was transferred to the Puerto Rican government and $9.2 million in duties from the U.S. Virgin Islands, of which $4.2 million was transferred to the U.S. Virgin Islands government; (5) federal expenditures for the five territories totalled $11.4 billion in FY 1995; and (6) the distribution of federal expenditures for the territories included grants and other payments, as well as salaries and wages for federal employees.
Nov 16, 2020
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Financial Audit:
Bureau of Consumer Financial Protection's FY 2020 and FY 2019 Financial StatementsGAO-21-174R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Securities and Exchange Commission's FY 2020 and FY 2019 Financial StatementsGAO-21-192R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.
Nov 10, 2020
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Financial Audit:
IRS's FY 2020 and FY 2019 Financial StatementsGAO-21-162: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020. -
Financial Audit:
Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial StatementsGAO-21-173R: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020.
Nov 9, 2020
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Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal DebtGAO-21-124: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Nov 6, 2020
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FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust FundsGAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.
Oct 13, 2020
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DOD Financial Management:
Continued Efforts Needed to Correct Material Weaknesses Identified in Financial Statement AuditsGAO-21-157: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
Sep 30, 2020
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Financial Management:
DOD Needs to Implement Comprehensive Plans to Improve Its Systems EnvironmentGAO-20-252: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
Sep 9, 2020
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Defense Real Property:
DOD-Wide Strategy Needed to Address Control Issues and Improve Reliability of RecordsGAO-20-615: Published: Sep 9, 2020. Publicly Released: Sep 9, 2020.
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