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![handle is hein.gao/gaobaagtm0001 and id is 1 raw text is:
DOCUMINT RESUME
03442 - [A2!13666]
[Audit Report of the Little League Foundation for the Yfears
Ended Septeuter 30, 1975 and 19763. B-55712. JuJy 20, 1977. 1
PP.
Report to Rep. Peter V. Rodino, Jr., Cbsirman, House Committee
cn the Judiciary; by Sobert F. Keller, Deputy Comptroller
General.
Isr-ue Area: Accounting and Financial Reporting (2800).
Contact: Office of the Comptroller General.
Budget Function: Miscellaneous: Financial management and
Information Systems (1002).
Organization concerned: Lit.tle League Baseball, Inc.; Little
league Foundation.
congressional Relevance: House Committee on the Judiciary.
Authority: (P.L. 88-378; 73 Stat. 325).
A review of the audit report of the Little League
Foundation or the years ended September 30, 1975 and 1976,
inlicated that the audit and financial reporting standards of
Public Law 88-178 mere met by the Poundation. The Foundation is
not a federally chartered organization; however, its New T7ork
State charter restricts its purpose to exclusive assistance of
Little League Faseball, Inc., even though there is no legal
relationship between the two organizations. The audit report for
the Foundation was revieved because of its relationship to
Little League Easeball, Inc., which is a federally chartered
organizaticn. Findings/Conclusions: The audit report was
prepared by a firm of certified public accountants and included
a statement of the scope of audit and the auditor's opinion that
the financial statements present fairly the financial position
of the Little League Foundation at September 30, 1975 and 1976,
and the results of operations and changes in fand balances for
the years then ended. (SC)](ViewImageLocal?handle=hein.gao/gaobaagtm0001&div=1&collection=&method=preview&ext=.png&size=3)