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GGD-82-23 1 (1982-02-12)

handle is hein.gao/gaobabcwq0001 and id is 1 raw text is: BY THE US GENERAL ACCOUNTING OFFICE Report To The Mayor Of The District Of Columbia Dishonored Checks Are A Drain On District Of Columbia Resources Each year the District government loses mil- lions of dollars due to dishonored checks. In addition, the District government incurs an average cost of about $18 to process each dis- honored check. GAO found that: --District agencies lack control of these checks. --District agencies are not aggressive- ly pursuing repayment of dishonor- ed checks. --Collections are hampered bya lengthy dishonored check process. --Collection is not possible on many dishonored checks because District personnel do not record sufficient information when checks are first re- ceived. Persistent and timely agency action should im- mediately reduce the financial losses suffered by the District and eventually reduce the number of dishonored checks. GAO recom- mends a number of steps the Mayor should take to this end. D '' 117495 U GGD-82-23 1COU o FEBRUARY 12,1982

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