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GAO-02-730R 1 (2002-06-21)

handle is hein.gao/gaobaalzt0001 and id is 1 raw text is: £ Accountability * Integrity * Reliability United States General Accounting Office Washington, DC 20548 June 21, 2002 The Honorable Ernest F. Hollings Chairman The Honorable John McCain Ranking Minority Member Committee on Commerce, Science, and Transportation United States Senate The Honorable Don Young Chairman The Honorable James L. Oberstar Ranking Democratic Member Committee on Transportation and Infrastructure House of Representatives Subject: Financial Management: Audit of the Centennial of Flight Commission for FY 2001 The Centennial of Flight Commission (Commission) was created on November 13, 1998, by the Centennial of Flight Commemoration Act (Public Law 105-389, as amended by Public Law 106-68). The purpose of the Commission is to commemorate the 100th anniversary of the Wright brothers' flight at Kitty Hawk, North Carolina that occurred on December 17, 1903. The Commission is to provide recommendations and advice to the President, the Congress, and federal agencies on the most effective ways to encourage and promote national and international participation and sponsorships in commemoration of the centennial of powered flight. We are required by the act to audit the financial transactions of the Commission. This report presents the results of our audit of the Commission's fiscal year 2001 financial transactions, with cumulative information since the Commission's inception. We previously reported the results of our audit on Commission financial transactions for fiscal years 1999 and 2000.' Results in Brief We found that all 156 of the Commission's recorded obligations and expenditures during fiscal year 2001 were supported by documentation that was approved by management. The Commission recorded no donations, user fees, or in-kind donations for fiscal year 2001. 'Financial Management: Audit of the Centennial of Fight Commission (GAO-02-43R, Oct. 22, 2001). Page 1 GAO-02-730R Centennial of Flight Commission FY 2001 Audit

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