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092904 1 (1970-07-20)

handle is hein.gao/gaobacwtu0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE REGIONAL OFFICE 7014 FEDERAL BUILDING, 1961 STOUT STREET DENVER, COLORADO 80202 July 20, 1970 Superintendent United States Air Force Academy Colorado 80840 LMO92904 Dear Sir: We have made an examination of the Air Force Academy cadet pay records closed during the calendar year 1969 submitted by Lt. Col. Hurl Risner, Accounting and Finance Officer, symbol F6792. Our review was made at the Air Force Accounting and Finance Center (AFAFC). The cadet pay records included in our examination were selected by using generally accepted statistical methods. A. Classes of 1970, 1971, 1972, 1973 From a total of 3,753 cadet pay records closed December 31, 1969 for the classes of 1970 through 1973, we selected 211 cadet pay rec- ords for our review. Our review included a verification of the entries made for the month of July 1969 and a verification of the balances brought forward from the December 1968 cadet pay records. We also determined that the pay for each cadet in our sample was cor- rect; that proper deductions for Federal Insurance Contribution Act (FICA) and Federal Income Tax Withholding were made; and that the cadet deposits, charges, and cash allowances were properly recorded. In our examination, we found no errors; however, we found one questionable cadet deposit which may be an error and is further explained (see Tab A). B. Graduating Class of 1969 From a total of 681 cadet pay records closed for the graduating class of 1969, we selected 57 pay records. Our review consisted of verification of amounts shown in the cadet deposit column of the cadet pay record under date of May 31, 1969. We detennined that the amount invested in the Cadet Pay Investment Trust Fund (CPITF) by the cadet, plus interest, as shown on electrical accounting machine list- ing CPITF Distribution of Interest as of May 14, 1969, was correctly recorded on the cadet pay record. In some instances, the cadet depos- its included amounts of basic allowance for subsistence. These amounts were also verified. We found no errors. (9 U//7-4 ~ /991I

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