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Financial Management: District of Columbia Revenue Breakdown

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Report Type Reports and Testimonies
Report Date June 14, 1993
Report No. AFMD-93-88
Subject
Summary:

GAO reviewed the independent certified public accountant's audit of the District of Columbia's breakdown of revenue from the federal government and other sources for fiscal year 1992. GAO found no evidence that the auditor's opinion was inappropriate or unreliable, although about $8.7 million of federal revenue was included in other local revenue sources. A February 1993 letter from the Mayor of the District of Columbia mentioned that total local revenues of $3,341,101,000 would be used as the calculation base for the federal payment authorization. This amount included certain revenues, however, that were not provided for in a directive from Congress on the kinds of revenues to be used as the calculation base. If the congressional directive had been followed, $2,627,512,000 would have been reported as the calculation base for the federal payment authorization.

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