United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-06-08 monographic deposited born digital 21 p. GA 1.13:GAO-01-845T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-845T P0b002ee1803a18be f:d01845t DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-01-845T machine generated eng fdlp REPORT GAOREPORTS-GAO-01-845T GAO-01-845T Financial analysis Financial management Financial statements Municipal governments Reporting requirements District of Columbia District of Columbia System of Accounting and Reporting Testimony A01155 Although the District of Columbia, the Financial Responsibility and Management Assistance Authority, and Congress have achieved an enormous accomplishment in restoring the District to financial viability, many of the challenges the District faced in the past continue. The District and Congress need current, reliable information about the District's financial condition and developing trends in order to promptly respond to any pressures or warning signs that could indicate that future difficulties lie ahead. Toward that end, the District must ensure that its new financial management system is effectively implemented and provides decision makers with reliable and timely data. In addition, since 1995, Congress has put in place a number of reporting requirements to help provide the financial, planning, and performance information that it needs to conduct effective oversight and make decisions. Congress may wish to consider additional mechanisms to ensure that it and the District have the information needed to help the District maintain its financial viability and address its current and emerging challenges. Such mechanisms must be considered and implemented within a context that seeks to balance two sets of values: the overriding importance of Home Rule and respect for the District's democratic institutions and Congress' oversight and decision making responsibilities for the nation's capital. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-845T/html/GAOREPORTS-GAO-01-845T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-845T/pdf/GAOREPORTS-GAO-01-845T.pdf GAO-01-845T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-845T Testimony GAO-01-845T; District of Columbia: Oversight in the Post-Control Board Period; Financial analysis Financial management Financial statements Municipal governments Reporting requirements District of Columbia District of Columbia System of Accounting and Reporting Volume 109 Page 97 109 Stat. 97 Volume 114 Page 2440 Volume 114 Page 2459 Volume 114 Page 2468 Volume 114 Page 2469 Volume 114 Page 2470 Volume 114 Page 2475 Volume 114 Page 2477 Volume 114 Page 2480 Volume 114 Page 2481 114 Stat. 2440 114 Stat. 2459 114 Stat. 2468 114 Stat. 2469 114 Stat. 2470 114 Stat. 2475 114 Stat. 2477 114 Stat. 2480 114 Stat. 2481 Volume 522 Page 2440 522 Stat. 2440 Public Law 104-8 Public Law 106-522