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GAO-02-759R 1 (2002-05-17)

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        Accountability * Integrity * Reliability
United States General Accounting Office
Washington, DC 20548



         May 17, 2002

         The Honorable F. James Sensenbrenner, Jr.
         Chairman, Committee on the Judiciary
         House of Representatives

         Subject: Federally Chartered Corporation: Review of the Financial Statement Audit
                   Report for the National Tropical Botanical Garden for 2000 and 1999

         Dear Mr. Chairman:

         As requested, we reviewed the audit report covering the financial statements of the
         National Tropical Botanical Garden, a federally chartered corporation, for the years
         ended December 31, 2000 and 1999. The corporation's purpose is to establish,
         develop, operate, and maintain for the benefit of the people an educational and
         scientific center in the form of one or more tropical botanical gardens, and to foster
         and encourage fundamental research about tropical plant life and research and study
         of uses of tropical flora in agriculture, forestry, horticulture, medicine, and other
         sciencies.

         Federally chartered corporations are required under 36 U.S.C. 10101 to

          present the corporation's assets and liabilities and reasonable detail on the
            corporation's income and expenses in annual financial statements,

          obtain an annual financial audit by an independent public accountant, and

          submit the auditors' report and the corporation's financial statements to the
            Congress.

         The objective of our review was to determine whether the audit report complied with
         the financial reporting requirements of the law. In carrying out our work, we
         reviewed the corporation's financial statements and the accompanying notes,
         performed certain analytical procedures related to information presented in the
         financial statements, and reviewed the auditors' report. However, we did not review
         the auditors' working papers, and we are not rendering an audit opinion. Our review
         disclosed no reportable instances of noncompliance with the financial reporting
         requirements of the law.


GAO-02-759R National Tropical Botanical Garden

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