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![handle is hein.gao/gaobadxwh0001 and id is 1 raw text is:
DOCUMENT F!SUME
03736 - [A2834065]
rFinancial Accountability of the Sithsonian Institution to the
Congress]. October 3, 1977. 10 pp.
Testimony before th. House Committee on Government Operations:
Government Activities and Transportation Subccmmittee; the House
Committee on the House Administration: Libraries and Memorials
Subcommittee; by Willizm J. Anderscn, Deputy Director, General
Government Div.
Issue Area: Accounting and Financial Reporting (2800).
Contact: General Government Div.
Budget Fu7. ..n: General Government (800).
Orqanizaticn, Concerned. Smithsoniat Instituti.or.
Congressional Relevance: House Committee on Government
Operations* Government Activities and Transportation
Subcommittee; House Committee cn House Adimi1nistration:
Libraries and Memorials Subcommittee.
A review of the fiscal practices and policies of the
Smithsonian Inetitution conducted in Early 1977 shoved that
there was a need to strengthen their financial accountability to
the Congress. A report issued in September 1977 concluded that
the Smithsonian had adopted adequate procedures for management
of cash in its private funds and had been generally successful
in keeping non-interest bearing checking account balances at
minimum levels in consonance with daily operating needs.
criticisms of certain Smithsonian practices reported in March
1977 can be attributed for the mosit part to the failure of tho
Smithsonian to adequately inform the Congress Cf its planned use
of funds, both Federal and private, and of its methods of
operat3ons. The problems could have been avoided if there had
been free and open dialogue ith the concerned congressional
committees. Smithsonian officials are now takirg steps to keep
the Congress bettei. informed. The Smithsonian staff has prepared
a preliminary draft of a policies and procedures statement
governing the use of appropriated and trust funds which will be
presented to the Secretary of the Smithsonian Institution and to
the Board of Regents for approval. The Smithsoian included in
its fiscal year 1979 appropriation request detailed estimates of
trust fund receipts and planned expenditures. (SC)](ViewImageLocal?handle=hein.gao/gaobadxwh0001&div=1&collection=&method=preview&ext=.png&size=3)