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GAO-24-107254 1 (2024-06-13)

handle is hein.gao/gaoqnb0001 and id is 1 raw text is: U.S. GOVERNMENT ACCOUNTABILITY OFFICE 441 G St. N.W. Washington, DC 20548 June 13, 2024 The Honorable Patty Murray President Pro Tempore of the Senate The Honorable Charles E. Schumer Majority Leader The Honorable Mitch McConnell Minority Leader United States Senate The Honorable Amy Klobuchar Chairwoman The Honorable Deb Fischer Ranking Member Committee on Rules and Administration United States Senate Senate Preservation Fund: Audit of FY 2021, 2022, and 2023 Transactions Congress established the Senate Preservation Fund in September 2003 within the U.S Treasury.1 The Fund is available to the Senate Commission on Art to fund the acquisition of works of art, historical objects, documents, and materials relating to historical matters, or exhibits in the Capitol and Senate office buildings, and certain related activities.2 Congress instructed the Library of Congress to provide the Commission with financial management and disbursing services and support.3 The Fund's enabling statute includes a provision for GAO to audit the Fund and report the results to the Commission.4 This report presents the results of our audit of the Commission's transactions as recorded in the Fund during fiscal years 2021, 2022, and 2023. Our audit objectives were to determine to what extent (1) the Commission and the Library designed and documented policies and procedures to reasonably assure that the Fund's recorded transactions would be authorized in advance, promptly and accurately accounted for, and supported and (2) the Commission and the Library 1Pub. L. No. 108-83, § 2, 117 Stat. 1007, 1012 (Sept. 30, 2003), classified as amended at2 U.S.C. § 2108(c). 2The Fund is also available for official activities of advisory boards established to provide advice and assistance to the Commission; for specified purposes for which funds from the Senate contingent fund may be used; and for expenditures, not to exceed $10,000 in any fiscal year, for meals and refreshments in Capitol facilities in connection with official activities of the Commission or other authorized programs and activities. 2 U.S.C. § 2108(c)(2). 32 U.S.C. § 2108(c)(5). 42 U.S.C. § 2108(c)(6). In 2012, Congress amended the prior requirement for GAO to audit the Fund annually to at least once every 3 years, unless the Chair or the Ranking Member of the Committee on Rules and Administration of the Senate or the Secretary of the Senate requests that an audit be conducted at an earlier date. Pub. L. No. 112- 234, § 2(h), 126 Stat. 1624, 1625 (Dec. 28, 2012). GAO-24-107254 Senate Preservation Fund Page 1

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