Financial Management

Status of BIA's Efforts to Resolve Long-Standing Trust Fund Management Problems Gao ID: T-AFMD-93-8 June 22, 1993

GAO has testified repeatedly on problems with the Bureau of Indian Affairs' (BIA) management of the Indian trust fund, which includes billions of dollars earned from claims, oil and gas royalties, land use agreements, and investment income. Overall, the Bureau has failed to ensure that proper control and accountability are maintained over each trust fund account. The Bureau's record has been so poor, in fact, that the Office of Management and Budget has placed trust fund accounting on its high-risk list. This testimony discusses Bureau actions to correct past problems; problems that still need to be addressed; and GAO's views on S. 925, the Native American Trust Fund Accounting and Management Reform Act of 1993, which mandates many of the improvements spelled out in the Bureau's own audits and contractor studies.



The Justia Government Accountability Office site republishes public reports retrieved from the U.S. GAO These reports should not be considered official, and do not necessarily reflect the views of Justia.