Niagara Falls Bridge Commission:
Audit of Capital Development Efforts and Selected Financial Practices
RCED-95-92: Published: Sep 7, 1995. Publicly Released: Sep 7, 1995.
Additional Materials:
- Full Report:
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Pursuant to a congressional request, GAO reviewed the operations of the Niagara Falls Bridge Commission, focusing on its: (1) efforts to finance and administer its 30-year capital program; and (2) internal controls used to ensure that its business affairs are conducted appropriately.
GAO found that the Niagara Falls Bridge Commission: (1) is a complex undertaking that requires extensive coordination and agreements with several federal and state entities, as well as entry into the capital bond market; (2) began efforts to obtain agreements on historic preservation and environmental assessment as early as 1990, but its projects were delayed because of misunderstandings about approvals or agreements needed to implement the project; (3) financed its capital program in 1992 by issuing over $120 million in tax-exempt bonds and refinancing the debt a year later to take advantage of lower interest rates; (4) had new policies in place to guide the procurement and renumeration of commissioners but, in some instances, the Commission did not follow the policies consistently; and (5) made errors in payment for procurement and commissioner renumeration, and some attorneys' fees were not supported by detailed billings. In addition, GAO found that there are no federal or state laws that explicitly provide authority for governmental oversight of the Commission.
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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