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DOCUMENT RESUME
06809 - (B21672041
Audit of the Senate Recording Studio Revolving Fund for the
Fiscal Year Ended March 31, 1978. GG-78-86; B-125079. August 3,
1978. 3 pp. + 3 enclosures (4 pp.),
Report to F. Nordy Hoffman, Senate: Sergeant at Arms; by Elmer
B. Staats, Comptroller General.
Issue Area: Accounting and Financial Reporting (2800).
Contact: General Government Div.
Budqet Function: General Government: Legislative runcticns
(801).
Orqanization Concerned: Senate: Recording Studio.
Congressional Relevance: Senate Committee on Rules and
Administration.
Authority: LegislatA.ve Branch Appropriatic Act [cf] 1957 (2
U.S.C. 123b).
The Senate Recording Studio is operated ty the Sergeant
at Arms of the Senate under the direction and control of the
Senate Committee on Rules and Administration. The studic makes
film, video tape, and audiotape recordings for the Vice
President, Senators, and committees of the Senate, Studio
operations are financed from a revolving fund and from funds
appropriated to the Secretary of the Senate. All moneys received
from operations are deposited into the revclving fund and are
available for operation of the studio. Employee salaries and
benefits and other operating expenses are paid from appropriated
funds. Findings/Conclusions: A review of the Senate Recording
Studio's accounting records and financial transactions was
conducted in accordance with the Ccmptxoller General's standards
for auditing financial transactions, accounts, and reports of
governmental activities. During fiscal year 1978, costp exceeded
revenues by $12,374, a decrease of $27,271 over th, excess costs
for the period cnded March 31, 1977. The primary cause of the
decrease in costs over revenue was an increase in sales of about
25%. The financial statements, which were prepared on a kasis
consistent with that of the p~evicus 7ear, present fairly the
financial Dosition of the Senate Recording Studio Revolving Fund
at March 31, 1978 and 1977, the results of its operations, and
the changes in its financial pcsition for the r.riods then
ended. (FRS)](ViewImageLocal?handle=hein.gao/gaobaaxtn0001&div=1&collection=&method=preview&ext=.png&size=3)