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Audit of the House of Representatives Restaurant Revolving Fund: July 6, 1975, to July 3, 1976

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Report Type Reports and Testimonies
Report Date May 19, 1977
Report No. GGD-77-31
Subject
Summary:

An audit of the House of Representatives Restaurant Revolving Fund for the period from July 6, 1975, to July 3, 1976, indicated that improvements are needed in controls over cash receipts and in cash deposit procedures.

House Restaurant operations in fiscal year 1976 resulted in a net income of $534, compared with a net income of $33,985 in fiscal year 1975. The decrease in net income resulted primarily from costs rising faster than sales.

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