District of Columbia: Deteriorating Financial Condition (Testimony,
02/24/95, GAO/T-AIMD-95-89).

This testimony builds on GAO's previous testimony (GAO/T-AIMD-95-88),
which points out that the District's financial situation has continued
to deteriorate to the point that the District is insolvent. This
testimony focuses on four areas: (1) the fiscal year 1994 comprehensive
annual financial report and GAO's initial analysis of the audit by Bert
Smith and Co. and Coopers & Lybrand, (2) the District's information on
unpaid bills, (3) problems with the District's information on personnel
and an initial analysis of some of the data, and (4) the Mayor's
February 1 fiscal year 1995 budget proposal and GAO's preliminary
analysis of the District's agency spending plans.

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

 REPORTNUM:  T-AIMD-95-89
     TITLE:  District of Columbia: Deteriorating Financial Condition
      DATE:  02/24/95
   SUBJECT:  Municipal governments
             Municipal budgets
             Presidential budgets
             Balanced budgets
             Medicare programs
             Hospital care services
             Health care cost control
             Financial management
             Reductions in force
             Public debt
IDENTIFIER:  DC General Fund
             District of Columbia
             
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