Financial Management: Native American Trust Fund Management Reform
Legislation (Testimony, 08/11/94, GAO/T-AIMD-94-174).

GAO work reviewing Bureau of Indian Affairs (BIA) trust fund financial
management has shown that BIA's systems, internal controls, and policies
and procedures do not provide assurance that Indian trust fund balances,
reported as $2.1 billion at the end of fiscal year 1993, are accurate,
or that Indian natural resource assets are adequately managed by Bureau
of Land Management and the Minerals Management Service to ensure that
maximum revenue is generated for tribal and individual Indian trust
beneficiaries. During the past year, the Secretary of the Interior has
placed greater emphasis on Indian trust programs, initiatives that are
important first steps to improving Indian trust fund and asset
management programs and operations.  Pending trust fund management
reform legislation would enhance trust financial management reform
initiatives underway at the Department of the Interior.

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

 REPORTNUM:  T-AIMD-94-174
     TITLE:  Financial Management: Native American Trust Fund Management 
             Reform Legislation
      DATE:  08/11/94
   SUBJECT:  Proposed legislation
             Native Americans
             Trust funds
             Financial management systems
             Funds management
             Investments
             Internal controls
             Natural resources
             Assets
IDENTIFIER:  Indian Trust Fund
             Federal Thrift Savings Plan
             
------------------------------------------------------------------------

We regret that electronic text of GAO Testimony is not available at 
this time. 

See the GAO FAQ - Section 2.0 for printed copy ordering information.
The FAQ is automatically retrieved with all WAIS search results or 
can be obtained by sending e-mail to: [email protected]