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B-133046 1 (1970-05-25)

handle is hein.gao/gaobabkrm0001 and id is 1 raw text is: ST CTED - Not to be released outside the Generar -/33. /- Alcc~; t r S Offce except on the basis of -pecific a'-prov 5-- the & Mce of Legislative Liaison, a record of wh, h 3 LoC - Yjtb~ik~b~jj~ -9dakmw=Atnch, GvS WAS'GTON, O C 20548 Ie07 RELEASED SMAy z 5 1970 B. 133046 Dear Mr. Dunphy* The General Accounting Office has made an audit of the operations of the Senate Office Beauty Shop for the calendar year 1969, pursuant to your request dated January 6, 1970. Our audit included an examination of the financial statements, appropriate tests of the accounting records, and such other auditing procedures as we considered necessary, We observed several minor differences between equipment in the shop and information in the equipment records. We suggest, therefore, that the concessionairels accountant conduct a physical inventory of equipment and adjust the acco ing records accordingly. Also, we noted that during calendarfear 1969 the concessionaire paid from cash receipts over $4,100 in expenses for laundry, wigs, and insurance. We believe that, to provide better financial control, future expenses of this nature should be paid by check. GENERAL COMMENTS The beauty shop was established to provide convenient, efficient, and economical services to employees of the Senate. It has been operated as a gratuitous concession; that is, the concessionaire pays no fee for the privilege of operating the shop. Mrs. Myrtle B. Olivier has operated the beauty shop as concessionaire since September 6, 1967. At December 31, 1969, the staff of the beauty shop consisted of the concessionaire, a receptionist, a full-time maid, a part-time maid, a janitor, and 10 beauticians. The concessionaire did not receive a salary from the shop but was entitled to the entire net income from its opera- tion. OPINION OF FINANCIAL STATEMENTS The accompanying financial statements have been furnished to us by the firm of certified public accountants employed by the concessionaire to maintain the accounting records of the shop. Transactions are re- corded on an accrual basis. These statements do not include the cost of IOql?371

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