Profiles of Existing Government Corporations - US Government ...

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146
CORPORATION PRorILE
REPORlTNG STATUS: Annual report to the Prasidont and the
Congra8m. Annual audit report to be filed with tha General
Accounting offic8 (GAO). Annual financial audit reports of
entitles racmiving financial a88iatanca from ISC also to be filed
with GAO.
LITIGATION STATUS: LX shall participate in litigation Only on
behalf of itmolf and vhon ILK or a rmcipiont im involved in
intarpratation of L.92 act or it8 ragulationa.
PINANCIALAUDITREQO~: Annual audit by an ind*pandent
cartifiad public accountant (CPA). GAO may audit financial
transactions vhon fodaral funds are available to finance any
portion of X&2*8 oparation8. LSC shall conduct or raguira
antitia8 racaiving financial armistanco to provide for an annual
financial audit.
?INAMCIAL AUDI’IQR: Past, Marwick, Xain L Co. (CPAm), and GAO
- AUDIT REQUJB: None spacifiod in enabling
lagfslation.
-AlJD1TDD: Nona spocifiad in enabling lagi8lation.
AUDITKD: Peat, Marwick, Hain a Co., fiscal yaar 1967 audit
OPINION: Ungualifiod
AccQcIllTfllo PRUCIPLSS: Accounting rUOrd8 are uintainod on an
accNa1 basis and financiml 8t8tuontm are praparad in accordance
vith generally accepted accounting principle8 (GAAp).a
Rxvmnns: ss3,927
APPROPRIATIOWS -ED: s3os,soo,ooo
WSXS: $310,655,396
NET IHcwm (uass): ($5,101,469)
GRASTS ISSUBD: $299,758,720b
UA.lI6 ISSUXDa None
IBAN PA- RECEIVED: None
UAII -SSr None
Idol m: Norm
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