Financial Status: District of Columbia Finances (Testimony, 07/14/94,
GAO/T-AIMD-94-158).

The District of Columbia, faces with unresolved long-term financial
issues and short-term financial crises, will run short of cash by the
end of fiscal year 1995 unless steps are taken to compensate for revenue
shortfalls, which could force the city to borrow from the U.S. Treasury.
This testimony discusses GAO's recent review of the District's finances;
the calculation of the authorized federal payment to the District for
fiscal year 1995; and H.R. 2902, which would amend the District's Home
Rule Act.

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

 REPORTNUM:  T-AIMD-94-158
     TITLE:  Financial Status: District of Columbia Finances
      DATE:  07/14/94
   SUBJECT:  Financial management
             Appropriated funds
             Budget obligations
             Payments
             Future budget projections
             Local governments
             Budget receipts
             Funds management
             Budget administration
             Financial analysis
IDENTIFIER:  Medicaid Program
             Water and Sewer Fund
             
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