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GAO-04-599R 1 (2004-06-18)

handle is hein.gao/gaocrptaqcr0001 and id is 1 raw text is: SGAO Accountability * Integrity Reliability United States General Accounting Office Washington, DC 20548 June 18, 2004 The Honorable John McCain Chairman The Honorable Ernest F. Hollings Ranking Minority Member Committee on Commerce, Science, and Transportation United States Senate The Honorable Don Young Chairman The Honorable James L. Oberstar Ranking Democratic Member Committee on Transportation and Infrastructure House of Representatives Subject: Financial Management: Audit of the Centennial of Flight Commission for Fiscal Year 2003 and through May 19, 2004 The Centennial of Flight Commission (Commission) was created on November 13, 1998, by the Centennial of Flight Commemoration Act (Public Law 105-389, as amended by Public Law 106-68). The purpose of the Commission is to commemorate the 100th anniversary of the Wright brothers' flight at Kitty Hawk, North Carolina, on December 17, 1903. The Commission is to provide recommendations and advice to the President, the Congress, and federal agencies on the most effective ways to encourage and promote national and international participation and sponsorships in commemoration of the centennial of powered flight. We are required by the act to audit the financial transactions of the Commission. This report presents the results of our audit of the Commission's financial transactions for fiscal year 2003 and through May 19, 2004, with cumulative information since the Commission's inception. We previously reported the results of our audits on Commission financial transactions for fiscal years 1999 and 2000,' 200 1,2 and 2002. This will be our final audit of the Commission because, in accordance with Public Law 105-389, the Commission must issue its final report to the President and the Congress no later than June 30, 2004, after which it has 60 days to terminate its ' U.S. General Accounting Office, Financial Management: Audit of the Centennial of Flight Commission, GAO-02-43R (Washington, D.C.: Oct. 22, 2001). 2 U.S. General Accounting Office, Financial Management: Audit of the Centennial of Flight Commission for FY 2001, GAO-02-730R (Washington, D.C.: June 21, 2002). 3 U.S. General Accounting Office, Financial Management: Audit of the Centennial of Flight Commission for FY 2002, GAO-03-888R (Washington, D.C.: July 31, 2003). GAO-04-599R Centennial of Flight Commission Audit PagelI

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