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093538 1 (1974-04-12)

handle is hein.gao/gaobacxfh0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON REGIONAL OFFICE FIFTH FLOOR 803 WEST BROAD ST REET FALLS CHURCH, VIRGINIA 22046 1/ Mr. Walter C DeVaughn APR 1 2 1974 Associate Public Printer, Management and Administration Government Printing Office Dear Mr DeVaughn. We thought it would be useful to summarize for you observations developed during our audit which have been discussed with Mr Brian Mercer, Acting Comptroller, and other management personnel Their comments have been considered in oui presentation We appreciate the constructive reactions by Government Prnting Office (GPO) people to the suggestions made and trust that where action is nec- essary it can be accomplished before next year's closing At June 30, 1973, the issues presented below were either corrected during our audit or they involved amounts that did not have a material effect upon the fairness of your final presentation ADJUSTMENTS TO ACCOUNTS PAYABLE--GOVERNMENT Subsequent to the end of fiscal year 1973, adjustments to the accounts payable--Government account were required to properly recognize certain income and expense items The account at June 30, 1973, included payables to the U S Postal Seivice for (1) foreign postage and special handling of $287,898 40 and (2) estimated postage expense for the public sales program of $204,958 00 The items should have been recorded in the sales of publications income account and the interoffice accounts payable account, respectively Foreign postage and special handling Prior to fiscal year 1972, a portion of the income received from all foreign and special handling orders was set aside to pay the Postal Service for costs of the special services In fiscal year 1972 the Postal Service and GPO entered into an agreement whereby all mailing costs, including foreign and special handling, were combined in one single billing. In recording its fiscal year 1973 mailing costs, GPO applied the Postal Service billed amount to the expenses for the sales program

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