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092245 1 (1971-09-29)

handle is hein.gao/gaobacufk0001 and id is 1 raw text is: 1~1 UNITED STATEs GENERAL ACCOUNTING OFFICE REGIONAL OFFICE OOM 43, U.S. CUSTOMHOUSE, 10 SOUTH CANAL SYrtarT CHICAGo, ILLINOIS 60607 SEP 291971 LV7Cv;I? N .. AVAILAHB Mr. Geore J. Vavoulis Regional Administrator, Ragies V Departmeat of Nming and Urbas Development 360 brth Michigan Aveas Chicago, Illinois 60601 Dear Mr. Vavoulist We have made a review for the settleat of accounts of the certifying officers of ReglaeY, Departnt of uNni and Urbas Development, for the ported of July 1, 1968, throu June 30, 1971. The review, completed In August 1971, was ade pursuant to the Budget &ad Accounting Act, 1921 (31 U.S.C. 53) and the Acontinag and Auditing Act of 1950 (31 U.S.C. 67). Our review was directed pri rily toward the settlement of the certifying officers' accouats ad Included an exaanation of administrative procedures an entrnls relatins to the collee- tion and disbuwement of funds, and such tests of Individual finacial trasactions as we considered appropriate. Pogram operations were not Included in our review. Ws revliwed the internal auditors' work sad we deemd this work to be of quality and coverage to easle as to limit our tests of the accounting records# MV foad the financial management system, including Internal controls, to be generally satisfactory, sad the finanal trasactias tested by as were processed in a satisfactory smaner. However, we noted a seed for improvement in certain procedures and centrols as the deficiescies smmsarised in this report show. The deficienacies were disensed with atbers of your staff ad corrective action was either initiated or was being considered. A summary of the deficiencies follows: -About $230,000 of $4.1 million of cash received by the BUD regional office during our test period, the 3 months ended Septester 30, 1970, was not recorded in the ail room control register. These receipts had not been recorded because cash received (1) by ailtich Is net opened in the nsil room, and (2) by messenger from the city of Chicago, I. delivered directly to the accounting section. 50 TH ANNIVERSARY 1921-1971

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