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GAO-06-50R 1 (2005-10-20)

handle is hein.gao/gaocrptasjk0001 and id is 1 raw text is: 


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       Accountability * Integrity * Reliability
United States Government Accountability Office
Washington, DC 20548

   October 20, 2005

   The Honorable Thad Cochran
   Chairman
   The Honorable Robert C. Byrd
   Ranking Minority Member
   Committee on Appropriations
   United States Senate

   The Honorable Kay Bailey Hutchison
   Chairman
   The Honorable Dianne Feinstein
   Ranking Minority Member
   Subcommittee on Military Construction and Veterans Affairs
   Committee on Appropriations
   United States Senate

   The Honorable Jerry Lewis
   Chairman
   The Honorable David R. Obey
   Ranking Minority Member
   Committee on Appropriations
   House of Representatives

   The Honorable James T. Walsh
   Chairman
   The Honorable Chet Edwards
   Ranking Minority Member
   Subcommittee on Military Quality of Life
   and Veterans Affairs and Related Agencies
   Committee on Appropriations
   House of Representatives

   Subject: American Battle Monuments Commission: New Approach to Forecasting
   Exchange Rates for its Foreign Currency Fluctuation Account

   The conference report for the Fiscal Year 2005 Consolidated Appropriations Act required
   that we review the past and current methodologies used by the American Battle
   Monuments Commission (ABMC) and the Office of Management and Budget (OMB) to
   estimate exchange rates used in preparing the budgets for ABMC's foreign currency
   fluctuation account.' This account is intended to maintain the spending power of funds

   'Pub. L. No. 108-447; H. Rept. 108-792.


GAO-06-50R American Battle Monuments Commission

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