Distressed Public Housing
Gao ID: AIMD-94-78R May 10, 1994Pursuant to a legislative requirement, GAO reviewed the National Commission on Severely Distressed Public Housing's financial transactions. GAO noted that: (1) the Commission disbursed about $2 million for contracts, travel, payroll, and miscellaneous transactions during its existence; (2) although the Commission did not always adhere to proper administrative procedures, its disbursements appeared to be reasonable and properly authorized and documented; (3) accounting procedure problems involved unsigned approvals for contracts and purchase orders, inadequately documented expenses and invoices, and unsupported travel expenses; and (4) the General Services Administration needs to reconcile and recover any erroneous Commission payments and ensure that other similar entities use proper accounting and disbursing procedures.
RecommendationsOur 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: John W. Hill Jr Team: General Accounting Office: Accounting and Information Management Division Phone: (202) 512-2949