American Battle Monuments Commission (Letter Report, 10/12/94,
GAO/AIMD-95-9).

Pursuant to a legislative requirement, GAO audited the American Battle
Monuments Commission's use of coin surcharge proceeds.

GAO found that: (1) between May 1993 and September 1993, the Commission
received $3,447,088 in coin surcharge proceeds from the U.S. Treasury;
(2) the proceeds were initially deposited in a Treasury Fund as required
by the World War II Memorial Authorization Act; and (3) as of September
1993, the Commission had not spent any of the proceeds for the design
and construction of a memorial, had cash reserves totalling $84,987 to
meet possible expenses, and had invested all of the remaining proceeds
in U.S. interest bearing obligations.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  AIMD-95-9
     TITLE:  American Battle Monuments Commission
      DATE:  10/12/94
   SUBJECT:  Currency and coinage
             Audits
             Profits
             Treasury accounts
             Funds management
             National historic sites
             Cash management
             Facility construction
             Budgetary reserves

             
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