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GAO-15-586R 1 (2015-06-17)

handle is hein.gao/gaobaaizw0001 and id is 1 raw text is: G A U.S. GOVERNMENT ACCOUNTABILITY OFFICE 441 G St. N.W. Washington, DC 20548 June 17, 2015 The Honorable Orrin G. Hatch Co-Chairman The Honorable John A. Boehner Co-Chairman Capitol Preservation Commission The Honorable Roy Blunt Chairman The Honorable Charles E. Schumer Ranking Member Committee on Rules and Administration United States Senate The Honorable Candice Miller Chairman The Honorable Robert Brady Ranking Member Committee on House Administration House of Representatives Capitol Preservation Fund: Audit of Fiscal Years 2013 and 2014 Transactions In November 1988, the Capitol Preservation Commission (Commission) was established for the purpose of providing for improvements in, preservation of, and acquisitions for the United States Capitol.1 At the same time, the Capitol Preservation Fund (Fund) was established within the Department of the Treasury (Treasury), to be used by the Commission to provide financing for its mission operations. The Library of Congress (Library) is to provide financial management services and support to the Commission. GAO is required to audit the transactions of the Commission and report the results to the Congress.2 This report presents the results of our audit of the Commission's transactions as recorded in the Fund during fiscal years 2013 and 2014. Our audit objectives were to determine to what extent (1) the Commission's and the Library's policies and procedures were documented and designed to help ensure that the Fund's recorded transactions would be authorized in advance, promptly and accurately accounted for, and supported, and (2) the Commission and the Library executed Fund transactions for fiscal years 2013 and 2014 in accordance with these policies, procedures, and applicable laws. To address these objectives, we reviewed the Fund's enabling legislation and the Commission's and the Library's documented operating, reporting, and oversight policies and procedures and compared them to applicable federal internal control standards to assess the adequacy of controls these policies and procedures contained related to transaction authorization, prompt 1Pub. L. No. 100-696, 102 Stat. 4610 (Nov. 18, 1988) (classified, as amended, at 2 U.S.C. §§ 2081-2086). 22 U.S.C. § 2084. GAO-15-586R Capitol Preservation Fund Page 1

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