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Financial Management: Need To Strengthen Financial Accountability to the Congress

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Report Type Reports and Testimonies
Report Date March 31, 1977
Report No. GGD-77-43
Subject
Summary:

The Smithsonian Institution's fiscal practices and policies need to be improved.

The following problems were identified: (1) the Institute appears to use the Smithsonian Research Foundation for distribution of federal funds to private nonprofit corporations to avoid federal restrictions; (2) the question of which fund-reprogramming actions by the Institute require congressional approval has not been resolved; (3) the Institute does not provide the appropriations committees with information on the planned uses of its private funds; and (4) as a result, the committees cannot fully assess the impact of their budgetary decisions on the Institute's programs and activities.

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