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Financial Audit: Capitol Preservation Fund--March 31, 1992 and 1991

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Report Type Reports and Testimonies
Report Date Aug. 10, 1993
Report No. AIMD-93-14
Subject
Summary:

GAO audited the financial statements of the Capitol Preservation Fund as of March 31, 1992 and 1991. The fund, which is responsible for underwriting improvements and preservation projects at the U.S. Capitol, consists of donations, interest on investments, and surcharges generated from the sale of commemorative coins. GAO found that (1) the financial statements were reliable in all material respects; (2) the internal controls were effective in protecting assets, ensuring material compliance with laws and regulations, and preventing material misstatements from appearing in the financial statements; and (3) there was no material noncompliance with laws and regulations.

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