The Centennial of Flight Commission was created in 1998 to provide recommendations and advice to the President, Congress, and federal agencies on ways to encourage and promote national and international participation and sponsorships in commemoration of the centennial of powered flight. All 45 of the Commission's recorded financial transactions for fiscal years 2000 and 1999 were supported by documentation that was approved by management. The Commission recorded no donations, user fees, or in-kind donations for fiscal years 1999 and 2000. Also, the Commission's obligations exceeded its fiscal year 2000 appropriation of $600,000 by $29,729.
Recommendations for Executive Action
|Centennial of Flight Commission||1. The Executive Director of the Centennial of Flight Commission, or the Federal Aviation Administration (FAA) on behalf of the Commission should reconcile all of the financial accounting records kept for the Commission to correctly account for the $29,948 computer support contract modification in fiscal year 2000 and the $40,334 contract for computer hardware in fiscal year 1999.|
|Centennial of Flight Commission||2. The Executive Director of the Commission, or the FAA on behalf of the Commission should report the violation of the Antideficiency Act for fiscal year 2000 as required by OMB Circular No. A-34 Instructions on Budget Execution.|
|Centennial of Flight Commission||3. The Executive Director of the Commission, or the FAA on behalf of the Commission should address the overobligation by deobligating $29,729 for fiscal year 2000.|
|Centennial of Flight Commission||4. The Executive Director of the Commission, or the FAA on behalf of the Commission should strengthen the Commission's internal control by reconciling its record of approved obligations and expenditures monthly with FAA accounting records maintained on behalf of the Commission.|