[Independent Accountants' Report on the "Application of Agreed-Upon Procedures Aquatic Resources Trust Fund" ]
[From the U.S. Government Printing Office, www.gpo.gov]

Report No. 2003-I-0017

Title: Independent Accountants' Report on the "Application of Agreed-Upon
       Procedures Aquatic Resources Trust Fund" 

  

Date:  February 24, 2003

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This file contains an ASCII representation of an OIG report. No attempt has been made to display graphic images or illustrations. Some tables may be included, but may not resemble those in the printed version. A printed copy of this report may be obtained by referring to the PDF file or by calling the Office of Inspector General, Division of Acquisition and Management Operations at (202) 219-3841. 
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Memorandum

To:  Director, U.S. Fish and Wildlife Service

From:  Roger La Rouche, Assistant Inspector General for Audits

Subject:  Independent Accountants' Report on the "Application of Agreed-Upon Procedures Aquatic Resources Trust Fund"  (No. 2003-I-0017)

Attached is the Independent Accountants' Report on the "Application of Agreed-Upon Procedures Aquatic Resources Trust Fund."   The report was prepared at the request of the Fish and Wildlife Service by KPMG LLP (KPMG) under contract with the Department of the Interior, Office of Inspector General.  

KPMG is responsible for the report, dated September 17, 2002.  We monitored the progress of the engagement at key points, reviewed KPMG's report and selected related working papers, and inquired of its representatives.  We continue to review KPMG's work as the final information is provided to us.  Our review disclosed no instances where KPMG did not comply, in all material respects, with the Government Auditing Standards.  

If you have any questions concerning this matter, please contact me at (202) 208-5512 or Mr. Curtis Crider, Director of Financial Audits, at (202) 208-5724.


Attachment

cc:  Assistant Secretary for Fish and Wildlife and Parks
  Chief Financial Officer, U.S. Fish and Wildlife Service
  Director, Office of Financial Management
  Audit Liaison Officer, Fish and Wildlife and Parks
  Audit Liaison Officer, U.S. Fish and Wildlife Service
  Focus Leader for Management Control and Audit Followup, Office of Financial Management

ATTACHMENT

September 17, 2002

Independent Accountant's Report on the Application of Agreed-Upon Procedures

To the Inspector General of the U.S. Department of the Interior:

We have performed the procedures enumerated in exhibit I, which were agreed to by the Inspector General, U.S. Department of the Interior and the U.S. Fish and Wildlife Service, solely to assist the U.S. Department of the Interior and the U.S. Fish and Wildlife Service in determining the accuracy of the Aquatic Resources Trust Fund (ARTF) liability as of September 30, 2001.

This agreed-upon procedures engagement was conducted in accordance with the attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the Inspector General, U.S. Department of the Interior and the U.S. Fish and Wildlife Service. Consequently, we make no representation regarding the sufficiency of the procedures described in exhibit I, either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and the associated findings are presented in exhibit I.

We were not engaged to, and did not, conduct an examination, the objective of which would be the expression of an opinion on the financial statements of the U.S. Fish and Wildlife Service or the Aquatic Resources Trust Fund. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

This report is intended solely for the use of the Inspector General, U.S. Department of the Interior and the U.S. Fish and Wildlife Service, and should not be used by those who have not agreed to the procedures and taken responsibility for the sufficiency of the procedures for their purposes.

Exhibit I

Attachment to the Independent Accountants' Report on the Application of Agreed-Upon Procedures Aquatic Resources Trust Fund

Procedures and Findings

1. We agreed the Aquatic Resources Trust Fund (ARTF) receipts, as reported, for the years 1985 through 2001, as disclosed on schedule A, to the U.S. Department of Treasury, income statements of the ARTF prepared by the Bureau of the Public Debt (BPD) for each respective fiscal year.

We found such amounts to be in agreement.

2. We agreed the adjustments to the ARTF receipts, as disclosed on schedule B, to the income statements and balance sheets of the ARTF prepared by the BPD as of and for the years ended September 30, 1987 through 1993, as applicable.

We found such amounts to be in agreement.

3. We agreed the cash basis adjustments, as disclosed on schedule C, to the balance sheet of the ARTF prepared by the BPD as of September 30, 2001.

We found such amounts to be in agreement.

4. We agreed the ARTF apportionments for the fiscal years 1985 through 2001, as disclosed on schedule D, to U.S. Fish and Wildlife Service Division of Budget apportionment documents.

We found such amounts to be in agreement.

5. We agreed the U.S. Army Corps of Engineers adjustment, as disclosed on schedule D, to the BPD memorandum dated May 14, 2002 indicating $1,476,823 was apportioned to the U.S. Army Corps of Engineers.

We found such amount to be in agreement.

6. We recalculated ARTF receipts available for apportionment as of September 30, 2001, as disclosed on schedule E, by subtracting the adjustments disclosed on schedule B and the cash basis adjustments disclosed on schedule C from the ARTF receipts disclosed on schedule A.

We recalculated receipts available for apportionment of $4,789,496,476, and agreed amount to schedule E.

7. We recalculated the difference between the receipts available for apportionment determined in procedure 6 above, and the amounts apportioned through September 30, 2001, as disclosed on schedule D.

We recalculated the difference of $484,039,559 and agreed amount to schedule E.

8. We agreed the fiscal year 2002 apportionment of $482,979,991, as disclosed on schedule E, to the ARTF receipts for fiscal year 2001 as listed on the income statement of the ARTF prepared by the BPD for the year ended September 30, 2001.

We found such amount to be in agreement.

9. We subtracted the fiscal year 2002 apportionment determined in procedure 8, above, from the difference between the receipts available for apportionment and the amounts apportioned through September 30, 2001, determined in procedure 7, above.

We recalculated a difference of $1,059,568, and agreed the amount to schedule E.
10. We recalculated the allocations of the apportionment difference, disclosed on schedule F, between the U.S. Fish and Wildlife Service and the U.S. Army Corps of Engineers, based on apportionment percentages of 87.4% and 12.6%, respectively, used by the U.S. Fish and Wildlife Service for the ARTF, as disclosed on schedule F.

We recalculated allocations of $926,062 and $133,506 for the U.S. Fish and Wildlife Service and the U.S. Army Corps of Engineers, respectively, and agreed these amounts to schedule F.

11. We agreed the non-expenditure transfer amounts, as disclosed on schedule G, to the income statement amounts of the ARTF prepared by the BPD.

We found such amounts to be in agreement.

12. We recalculated the ARTF liability, by agency, as of September 30, 2001, as disclosed on schedule H, by subtracting the apportionment differences on schedule F and the nonexpenditure transfers on schedule G from the apportionments on schedule D.

We recalculated the total ARTF liability, U.S. Fish and Wildlife Service liability, U.S. Army Corps of Engineers liability, and U.S. Coast Guard liability, as of September 30, 2001, to be $747,225,823, $410,282,718, $266,930,909, and $70,012,196, respectively, and agreed these amounts to schedule H.

Schedules not included in text version of report.  See pdf version.