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Foreign Assistance: African Development Foundation's Overhead Costs Can Be Reduced

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Report Type Reports and Testimonies
Report Date June 2, 1995
Report No. NSIAD-95-79
Subject
Summary:

The African Development Foundation was created by Congress in 1980 as an independent public corporation to support local self-help initiatives of the poor in Africa. In response to congressional concerns about whether the Foundation has used its resources efficiently, GAO reviewed the Foundation's administrative and financial management practices. This report discusses whether the Foundation (1) used program funds for administrative expenses, (2) presented reliable data in its budget submissions to Congress, and (3) complied with financial reporting requirements.

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