Improved Standards Needed for Managing and Reporting Income Generated Under Federal Assistance Programs

Gao ID: GGD-83-55 July 22, 1983

GAO reviewed federal agencies' and grantees' policies and practices for managing and reporting income generated under federally assisted programs.

GAO found that a number of federal agencies have not established regulations conforming to the Office of Management and Budget's (OMB) grant-related income standards or are not adequately implementing their grant-related income regulations. GAO also found that the OMB standards do not address all grant-related income issues and the income reporting requirements are not clear. As a result, the objectives which the income standards sought to attain, such as using the income to increase the size of federally assisted programs or to reduce the federal government's and grantees' share of program costs, were not always being attained.

Recommendations

Our recommendations from this work are listed below with a Contact for more information. Status will change from "In process" to "Open," "Closed - implemented," or "Closed - not implemented" based on our follow up work.

Director: J. William Gadsby Team: General Accounting Office: General Government Division Phone: (202) 512-8387


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