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FGMSD-80-6 1 (1979-12-28)

handle is hein.gao/gaobababi0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL



Report To The Congress


OF THE UNITED STATES





HEW Must Improve Control

Over Billions In Cash Advances





Due to deficiencies in HEW's management of
Federal assistance advances to non-Federal
organizations, assistance recipients held about
$249 million in Federal money excess to their
needs. This increases interest on the public
debt by nearly $8.3 million annually.

The report discusses weaknesses which allow
the cash to accumulate,including deficient
procedures, inadequate accounting records,
and ineffective fund controls. It also discusses
the assistance financing system's other prob-
lems and points out that the Department has
no authority to advance loan money.

The report recognizes the Department's on-
going efforts to redesign the system to include
essential controls, and recommends several
actions to improve those controls and to pro-
vide data needed for management decisions.







                          d                                     111171





                                                                    FGMSD-80-6
    'Icc(l 114                                               DECEMBER 28, 1979

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