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B-192035 1 (1978-08-25)

handle is hein.gao/gaobadghx0001 and id is 1 raw text is: DCIC1 l S I FILE: B-192035 THE COMPTROLLER EINE*AAL -./ . U N THEu ID S TATE Se W A HIENG:N. 0 . C . DJATE: A'?'.c I % r-1 MATTER OF: Agency for International Development - Proper Method of Accounting for Profits from Transient Quartera DIGEST: J. Agency for International Development (AID) requests ruling on proper way to account for profits derived from operetion of overseas transient quarters (staff houses) used by AID employees who pay a user fee. When such staff houses are established and operated by appropriated funds, all user fee revenues collected, including profits, should be paid into the Treasury as miscellaneous receipcs, pursuant to 31 U.S.C. 5 484, inasmuch as AID does not have authority to credit receipts to its appropriations. 2. Agency for International Development (AD) requests GAO to rule on proper way to nccount for profits derived from operation of overseas transient quarters (staff houses) used by AID employees who pay a user fee. When such staff houses are established and operated through use of local currency trust funds provided by host country, profits should be deposited In the trust fund account, because AID is merely a trustee of such funds which remain the propety of the host country. This is in response to a latter from the Deputy Controller, Office of Financial Management, Agency for International Develop- ment (AID), Department of State, requesting a decision on the pro- cedure that should be employed in the handling of revenues taken in by AID staff houses. AID operates several staff houses in developing countries where it has progra.s. It Is necessary Lo *establish and operate these staff houses as transient quarters for visicing AID employies, because commercial accummodatlons are either inadequate or non- existent. The operating expenses of some of the houses are funded -1I- I C i.

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