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AFMD-82-107 1 (1982-09-15)

handle is hein.gao/gaobabmpe0001 and id is 1 raw text is: - UNITED STATES GENERAL ACCOUNTING OFFICE //9(lqy WASHINGTON, D.C. 20548 R TVCTED .- Not to be re' ... ACCOUNrING AND~ P1NANCSAL Cl~'I~ k( w. ~e : M %PAGKMarr DIVSiO4N LJ tdv Office of Con&ress;o.:al , B-20842 1 SEPTEMBER 15,192 The Honorable Morris K. Udall Chairman, Committee on Interior and Insular Affairs House of Representatives 119498 Dear Mr. Chairman: Subject: Overview of Department of the Interior's and Selected States' Royalty Accounting Systems (GAO/AFMD-82-107) Your June 24, 1982, letter (see encl. 1) requested that we further assist your Committee in its ongoing work to improve the Department of the Interior's royalty management program. You asked us to assess the feasibility of the new royalty ac- counting system being developed by Interior and to determine the type of accounting systems used by the States of California, Colorado, New Mexico, and Wyoming for their State-owned oil and gas leases. You also asked that we obtain the views of some of those affected by Interior's new royalty accounting system. OBJECTIVE, SCOPE, AND METHODOLOGY As requested in the Chairman's June 24 letter and based on discussions with the Committee staff, the principal objectives of this review were to (1) assess the feasibility of Interior's new royalty accounting system presently under development, (2) obtain an overview of the royalty accounting systems in use in the States of California, Colorado, New Mexico, and Wyoming, (3) es- timate the number of Federal and State oil and gas leases involved in each of those States, and (4) obtain views of the States, In- dians, and oil and gas company representatives regarding Inte- rior's new royalty accounting system. The review was performed in accordance with the General Accounting Office's Standards for Audit of Governmental Organizations, Programs, Activities, and Functions. As specified in the request letter, we obtained a description of the States' royalty accounting systems, the type of reports received by the States from oil and gas companies, and how these reports are used to ensure the accuracy of the royalties received. We were asked to brief the Committee staff by July 15, which we did. Because of the tight time frame, the Chairman's office asked (901367) S ra33Y

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