United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1999-09-28 monographic deposited born digital 51 p. GA 1.13:AIMD-99-263 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-99-263 P0b002ee1803912f4 f:ai99263 DGPO 2010-08-12 2011-03-24 GAOREPORTS-AIMD-99-263 machine generated eng fdlp REPORT GAOREPORTS-AIMD-99-263 AIMD-99-263 Accounting procedures Municipal governments Financial management Trust funds Fund audits Financial statement audits Federal aid for highways Internal controls Fuel taxes Auditing standards DC Highway Trust Fund Letter Report AIMD Pursuant to a legislative requirement, GAO presented the results of its audit of the District of Columbia's Highway Trust Fund, focusing on: (1) GAO's opinion on the effectiveness of the District's internal control related to the Fund as of September 30, 1998; and (2) the results of GAO's evaluation of the District's fiscal year 1998 compliance with laws and regulations as they relate to the Fund.<p/>GAO noted that: (1) the financial statements for 1998 and 1997 were fairly presented, in all material respects; (2) the District did not maintain effective internal control related to the Fund as of September 30, 1998; (3) GAO found material weaknesses related to accounting for revenue, cashier operations, and computer system general controls; (4) there was a reportable noncompliance with one of the laws GAO tested relating to the licensing and bonding of motor vehicle fuel wholesalers/businesses; and (5) the underlying assumptions made and methodology used to develop the Fund's revised forecasted statements provided a reasonable basis for such statements, and the statements were presented in conformity with guidelines established by the American Institute of Certified Public Accountants. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-99-263/html/GAOREPORTS-AIMD-99-263.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-99-263/pdf/GAOREPORTS-AIMD-99-263.pdf GAO/AIMD-99-263 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-99-263 Letter Report GAO/AIMD-99-263; Financial Audit: District of Columbia Highway Trust Fund's; Accounting procedures Municipal governments Financial management Trust funds Fund audits Financial statement audits Federal aid for highways Internal controls Fuel taxes Auditing standards DC Highway Trust Fund Volume 109 Page 257 109 Stat. 257