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092600 1 (1971-07-16)

handle is hein.gao/gaobacwly0001 and id is 1 raw text is: t UNITED STATES GENERAL ACCOUNTING OFFICE DALLAS REGIONAL OFFICE ROOM 500 1512 COMMERCE STREET DALLAS, TEXAs 75201 July 16, 1971 Mr James W Griffith Director, Southwest Region Office of Economic Opportunity 1100 Commerce Street Dallas, Texas 75202 Dear Mr. Griffith: The General Accounting Office has made a review of selected aspects of Office of Economic Opportunity (OEO) funded programs carried out by the Economic Opportunity Agency of Pulaski County, Inc. (EOA), Little Rock, Arkansas Our review was conducted pur- suant to the Budget and Accounting Act of 1921 (31 U.S.C. 53), and the Accounting and Auditing Act of 1950 (31 U.S.C. 67). Our audit effort was directed principally toward an evaluation of the financial administration of OEO funded programs for the year ended August 31, 1970, with particular emphasis on control over the disbursement of grant funds, accounting for non-expendable property, and the valuation of in-kind (non-Federal) contributions to total program cost. The review was limited generally to those activities directly administered by the EOA and, except for certain evaluation work performed in connection with the grantee's non-Federal contri- bution, did not include delegate agency operations Due considera- tion was given during our examination to current OO regulations and directives, and to prior audit reports Our review showed that the grantee's method of accounting for and its control over the disbursement of Federal grant monies was generally adequate. Minor questions raised in this review area were satisfactorily resolved during the course of our examination. In other areas of our review, however, two questionable matters were noted which we believe warrant your attention. These are, (1) the inadequate identification and control of non-expendable prop- erty acquired both by donation and with Federal grant funds, and (2) excessive rental values being claimed for certain donated build- ing space in meeting non-Federal share requirements of the program, as evidenced by appraisals of these properties provided at our request by the General Services Administration These matters were discussed in depth with the LOA Executive Director at the conclusion of our review in December 1970 and, in both instances, corrective action was BEST DOCUMENT AVAILABLE = -50TH ANNIVERSARY 1921-1971

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