Profiles of Existing Government Corporations - US Government ...

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CORPORATION PROFILE
CPB
mDGET STATUS: On-budg8t. CPB la not legally required to
participate in the Office of nanagement and Budget'8 review
process, but hS8 done so 8inCe 1973. CPB prepares its budget
request using its own achadulaa and claSmificationm. CPB shall
also eStabliah an annual budget for allocating amount8 from the
Public Broadcasting Fund. A formula for allocation is provided
under 47 U.S.C. 396(k)(3)(A).
TREASURY STATUS: Federal fund9 are vithdrawn from the Department
of the Treasury. Appropriated funds are available until
expended. CPB must certify to the Treasury the amounts of
nonfederal fund6 received by public broadcasting entitles before
the Treasury makes available to CPB funds appropriated to the
Public Broadcasting Fund. CPB ha8 a multi-year authorrzation of
funds vith two-year advance appropriations. However, the
appropriated fund8 are di8buraed in a lump sum amount by the
TreaSUry on a fiscal year basis.
REPORTING STATUS: CPB must submit annually to the Secretary of
Health and Human Services a detailed report of operation8,
activitieS, accompli8hment8, financial conditions and
recommendation8 including a d&ailed inventory of fund8
diStributed by federal agenciam to public telecommunications
entitleS. A mummery of the report is Submitted to the President
and the Congress each year.
LITIGATION STATUS: CPB may sum end be mued without clearance
from th8 Department of JUStiCe. CPB handle8 itS ovn litigation,
Sometime8 employing OUtSide counSe1.
PINAMXALAUDIT REQUIRQ(pITs: Annual audit by independent
certified or liCen#ed public accountant8 in accordance with
generally accepted auditing l tandardm (CAM). The General
Accounting Office may audit the Corporation or their grantees or
contractor8 for any fiscal year in vhich federal funds finance
operationm.
FINANCIAL AUDITOR: Independont Certified Public Accountants
UlTiER AUDIT REQU-: Nona specified in enabling
legiSlation.
-AUDITOR: Nono l pecifiad in enabling legislation.
AUDITED: Post Harwick Rain L Co., fiscal year 1987 audit
OPIRION: Unqualified