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AIMD-94-78R 1 (1994-05-10)

handle is hein.gao/gaobackoc0001 and id is 1 raw text is: GAO United Stae GAO GeneralAccounting Ot1ce Washington, D.C. 20548 Accounting and Information Management Division B-256751 May 10, 1994 Congressional Committees This report contains the results of our review of the financial transactions of the National Commission on Severely Distressed Public Housing as mandated by the Housing and Community Development Act of 1992 (Public'Law 102-550). The Commission began operations in fiscal year 1991 with a mission to propose a national action plan to eradicate severely distressed public housing by the year 2000. The Commission submitted its proposed plan to the Congress in August 1992 and ceased operations by the end of the year. The General Services Administration (GSA) provided the accounting and disbursing services for the Commission. GSA also provides these services to other similar government entities. To assist us in the review, we engaged an independent public accounting (IPA) firm, Arthur Andersen & Co., whose work we subsequently reviewed, to perform specific procedures agreed upon with congressional staff members. Enclosure I presents the IPA's report which details the agreed upon procedures and other matters related to the scope of work performed. The procedures were designed to determine if the Commission's obligations and expenditures appeared reasonable and appropriate. Over the life of the Commission, it disbursed approximately $2 million for contracts, travel, payroll, and miscellaneous transactions. Except for some minor administrative procedural problems discussed below, the IPA's report, with which we concur, stated that nothing came to its attention that caused it to believe that the disbursements of the Commission were not properly authorized, supported, and recorded. While the Commission did not always adhere to proper administrative procedures, the amounts involved were not material, and we concluded that the transactions appeared to be appropriate and reasonable. The IPA's report identified the following administrative problems: GAO/AIMD-94-78R Distressed Public Housing

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