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![handle is hein.gao/gaobaaydc0001 and id is 1 raw text is:
DOCUMNT RESUME
07394 - [C2928040]
Audit of Financial Transactions of the Sergeant at Arms for the
12 Months Ended June 30, 1978. GGD-79-1; B-114854. October 18,
1978. 4 pp. * 3 enclosures (3 pp.).
Report to the House of Rerresenttives: Speaker of the the House
; the House of Representatives: Sergeant at Arms; by Elmer B.
Staats, Comptroller General.
Issue Areas Accounting and Financial Reporting: Operations,
Financial Position, and Changes (2802).
Contact: General Government Div.
Budget Function: Geaeral Government: Legislative Functions
(801).
Congressional Relevance; Congress.
Authority: 2 U.S.C. 81a.
The Sergeant at Arms, as fiscal officer of the House of
Representatives, disburses funds appropriated for compensation
of members, mileage of Members, and gratuities to widos,
widovers, or heirs z2 deceased Members. He also maintains an
operation referred to as the House Bank.
Findings/Conclu-sons: Assets and liabilities for which the
Sergeant at Arms was accountable at December 31, 1977, and June
30, 1978, totaled $24,450,063.16 and $10,750,927.20,
respectively. Exchange items on hand amounting to $37,215.04 at
December 31, 1977, and $195,846.13 at June 30, 1978, represented
checks drawn on other banks and cashed for Members and employees
of the House on the last business day of each 6-month pe:iod.
The total amount of checks cashed by the Sergeant at Arms during
the 12 mout..s ended June 30, 1978, was $11,530.35 less than the
amount cashed in fiscal yeaL 1977, a decrease of 0.04%. During
this period, banks returned to the Sergeant at Arms checks
totaling $57,905.56. The Sergeant at Arms said he m_intains
control over each returned check until it is liquidated, and no
losses have occurred under this control. Amounts due from
Members represented checks drawn on and cashed or paid by the
Sergeaat at Arms but not charged to Members' accounts. Such
itemG ere monitored daily, and no losses have occurred. Teller
shortages were offset in part by overages, resulting in a net
shortage of $306.73 at June 30, 1978. The financial statements
presented fairly the financial position and accountability of
the Sergeant at Arms and the financial transactions for periods
examined. (HTW)](ViewImageLocal?handle=hein.gao/gaobaaydc0001&div=1&collection=&method=preview&ext=.png&size=3)