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FGMSD-76-36 1 (1976-04-07)

handle is hein.gao/gaobaaaoa0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE ou WASH INGTON, D.C. 20548 RESOURCES AND ECONOMIC DEVELOPMENT DIVISION APR 7 1976 The Honorable Richard L. Feltner Assistant Secretary for Marketing and Consumer Services Department of Agriculture Dear Mr. Feltner: In a review of certifying officer activities in the Food and Nutrition Service, we noted some problem areas regarding controls over cash collected from food stamp sales and audits of State and local welfare agencies' reimbursable administra- tive costs. We brought these matters to the attention of De- partment officials in October 1975. They are summarized below for your information and consideration. CONTROLS OVER RECEIPTS FROM FOOD STAMP SALES Collections not reconciled The Food and Nutrition Service had not verified that all cash collected by food stamp issuing agents was deposited in the Federal Reserve System. During fiscal year 1975 issuing agents collected about $2.9 billion for food stamp sales. Each issuing agent authorized to sell food stamps is re- quired to prepare a monthly accountability report showing the stamps received, issued, and on hand and the cash collections and deposits for the period. The Statd agencies are required to verify the reports to insure that all food stamps and re- lated receipts have been properly accounted for. Copies of the monthly reports are forwarded to the Service for use in accounting for collections. Issuing agents are required to promptly deposit food stamp receipts in the Federal Reserve Banking System to the credit of the United States. Records of these deposits are forwarded to the Service by the Federal Reserve System. To insure that all collections reported by the issuing agents have been de- posited to the credit of the United States, the agents' month- ly accountability reports must be reconciled with the deposits reported by the Federal Reserve System. 6 .. FGMSD-76-36

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