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EMD-77-17 [i] (1977-02-11)

handle is hein.gao/gaobaabux0001 and id is 1 raw text is: DOCUMENT RESUME 00282 - CA07512431 Financial Statements of Alaska Fcaderal Power Program. END-77-17; B-188151. February 11 1977. 1 pp. + enclosures (8 pp.). Report to Secretary, Department of Commerce; by Robert F. Keller, Deputy Comptroller General. Issue Area: Accounting and Financial Reporting (2800). Contact: Energy and Himerals Div. Budget Function: General Government: Central Fiscal Operations (803). organization concerned: Department of the Army: Corp- of Engineers; Alaska Eower Administration. Congressional Relevance: House Committee on Interior and Insular Affairs; Senate Committee on Public Works. The statement of assets and liabilities of the Alaska Federal Power Program was e-amined ia accordance with generally acceptei auditing standards. The examination included tests of the acco'nting records of the Alaska Power Administration and the Corps of Engineers District Office. Findings/Conclusions: Total operating revGnues for the fiscal year ended Junq 30, 1976, vere $2,125,000. Operating expenses were $1,355,000; net operating revenues were $770,000; the net interEst expense was $2,046,000; and the net rerenue was a loss of S1,276p000. The Progzam had total assets of $109,159,000 in 1976. (RES)

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