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GAO-11-204R 1 (2011-04-06)

handle is hein.gao/gaobaanxi0001 and id is 1 raw text is: i G AO a',. A Gount bility I Integrity Reliability United States Government Accountability Office Washington, DC 20548 April 6, 2011 The Honorable Charles E. Schumer Chairman The Honorable Lamar Alexander Ranking Member Committee on Rules and Administration United States Senate Subject: Financial Management: Audit of the Senate Stationery Room Revolving Fund for Fiscal Year 2010 In a letter dated July 22, 2010, you requested that we conduct an audit of the Senate Stationery Room's cash receipts and cash disbursements recorded in the Senate Stationery Room Revolving Fund for the fiscal year ended September 30, 2010. In the letter, you also requested that we review the inventory accounting procedures of the Stationery Room. The Senate Stationery Room' provides for the sale of stationery to members of the Senate, Senate offices, and other Senate committees and authorized organizations. This includes the sale of office and administrative supplies, personalized stationery, flags, and special order items such as business cards. All sales receipts are taken to the Senate Disbursing Office for deposit into the Senate Stationery Room Revolving Fund in the U.S. Treasury. The Stationery Room then uses the cash receipts to purchase inventory items and emergency supplies for resale, and to pay for other services expenses. The Senate Disbursing Office maintains the money and makes payments on behalf of the Senate Stationery Room Revolving Fund. Salaries and benefits of Senate employees who work in the Stationery Room are not paid from the revolving fund; rather, they are paid from the Salaries, Officers, and Employees appropriation account of the Senate. Additional costs of the Stationery Room such as rent and utilities cannot be readily determined and are covered by other appropriated Senate funds. Results in Brief We found that recorded cash receipts and cash disbursements of the Senate Stationery Room for the fiscal year ended September 30, 2010, were consistent with the purpose of the Senate Stationery Room Revolving Fund and supported by documentation approved by authorized management of the Stationery Room. 'According to information provided by management of the Senate Stationery Room, the first Secretary of the Senate was required to provide stationery related items to the Senators then assembled at Federal Hall in New York City for the first U.S. Congress in 1789. GAO-11-204R Senate Stationery Room Revolving Fund FY 2010

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