Accession Number : ADA290933
Title : American Samoa : Inadequate Management and Oversight Contribute to Financial Problems.
Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL A FFAIRS DIV
PDF Url : ADA290933
Report Date : 07 APR 1992
Pagination or Media Count : 93
Abstract : American Samoa, a self-governed U.S. territory, began in fiscal year 1986 to accumulate a deficit in its General Fund, its primary operating fund. The General Fund deficit increased rapidly from about $500,000 in 1987, accumulating to $ 17.6 million by fiscal year 1990, and was expected to increase by another $6.5 million in fiscal year 1991. The fiscal year 1990 budget for the General Fund was $56.9 million. Concern about this growing deficit resulted in the GAO being requested to: (1) assess American Samoa's financial conditions during the past decade leading to the increase in deficit spending, (2) evaluate the impact of local revenues on the territorial government's financial situation, (3) examine financial management practices for major government operations, and (4) determine whether the Department of the Interior exercised adequate oversight in providing federal assistance. (RWJ) abst.
Descriptors : *FINANCIAL MANAGEMENT, CONGRESS, UNITED STATES GOVERNMENT, ACCOUNTING, COST ANALYSIS, REPORTS, FINANCE, FEDERAL BUDGETS.
Subject Categories : Administration and Management
Economics and Cost Analysis
Government and Political Science
Distribution Statement : APPROVED FOR PUBLIC RELEASE