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093023 1 (1971-03-29)

handle is hein.gao/gaobacwwx0001 and id is 1 raw text is: 3'(f 9UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 CIVIL DiVISION 'JAR 2 9 1971 LM093023 BEST DOCUiENT AVAILABLE Dear Mr. Condon: The General Accounting Office has made a review of the policies and practices followed by the Department of Housing and Urban Development (HUD) in its management and utilization of funds obtained through the collection of fees from the beneficiaries of eight loan and grant programs. In fulfilling its responsibilities for the administration of its various programs, HUD makes project audits and inspections and provides representatives at project sites. For each of the eight programs included in our review, HUD has legal authority to collect fees to defray the costs of some or all of these activities--which are called 1nonadministrativell activities. The Housina and Urban Development Act of 1970--pnact ri nprnmibr m1 1970--contains a provision which permits HUD to account for these fee revenues on a consolidated basis and to use fees collected from the beneficiaries of one program to cover nonadministrative costs incurred in connection with other programs under which fees are assessed. HUD's system of fee collections and expenditures does not operate on a pay-as-you-go basis. The nonadministrative funds available to HUD at any particular time represent, in effect, money in escrow to cover nonadministrative costs to be incurred throughout the durations of the projects for which fees have been collected, For several years, the Department has had available for its use substantial amounts of funds--about $34 million as of June 30, 1970-- accumulated as a result of fee collections from the beneficiaries of the eight programs, Also, the Department has consideraTbly broadened the scope of the activities financed by use of available nonadministrative funds. Until fiscal year 1968, the Congress exercised control over HUD's use of nonadministrative funds through the imposition of annual limita- tions on the total amount of funds that could be expended in connection with the eight programs. At HUD's request, the legislatively imposed ' 3033 50TH ANNIVERSARY 1921-1971 - 7

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