The Centennial of Flight Commission (Commission) was created on November 13, 1998, by the Centennial of Flight Commemoration Act (Public Law 105-389, as amended by Public Law 106-68). The purpose of the Commission is to commemorate the 100th anniversary of the Wright Brothers' flight at Kitty Hawk, North Carolina, on December 17, 1903. The Commission is to provide recommendations and advice to the President, the Congress, and federal agencies on the most effective ways to encourage and promote national and international participation and sponsorships in commemoration of the centennial of powered flight. We are required by the act to audit the financial transactions of the Commission. This report presents the results of our audit of the Commission's fiscal year 2002 financial transactions, with cumulative information since the Commission's inception. We previously reported the results of our audits on Commission financial transactions for fiscal years 1999 and 2000, and 2001.
Recommendations for Executive Action
|Centennial of Flight Commission||1. The Executive Director of the Commission should direct NASA to correctly record the Commission travel expenditure of $937 that was improperly coded and paid out of NASA's direct funds.|
|Centennial of Flight Commission||2. The Executive Director of the Commission should strengthen internal controls over licensing agreements by monitoring the timely receipt of fees in accordance with the agreements.|
|Centennial of Flight Commission||3. The Executive Director of the Commission should collect licensing fees due the Commission since the beginning of the June 30, 2002, quarter, in accordance with licensing agreements.|