Profiles of Existing Government Corporations - US Government ...

--.--
[:.
.
211
CDRPOpATION PROFILE
SWX
FINANCIAL AUDIT RWJI~: Subject to the GCCA. me General
Accounting Offica (GAO) is to perform a financial audit at least
once every three yaars. The audit shall be conducted consistent
with principles and procedures applicable to commsrcial-type
traimactions. SLSDC shall reimburse GAO for the comt of the
audit. AdditiOnIIl audits of SLSDC operations may be conducted by
DOT at no cost to SISDC.
FINANCIAL AUDITOR: GAO, Department of Transportation
OTEER AUDIT REQUIREHENTS: None specified in enabling
leqislation.
OTEER AUDITOR: None specified in enabling legislation.
AUDITED: GAO, calendar year 1964 audit.
OPINION: Ungualified
ACOUNTING PRINCIPYZS: Accounting records are saintained on an
accrual basis and financial statuents are prepared in accordance
with generally accepted accounting principles (GMP). SL9Dc
includes in its balance sheet costs of crrtain features of the
Seaway International Bridge Corporation, Lt., a wholly omed
subsidiary of the St. Lawrence Seaway Authority of Canada.a
RFrQmEs: s9,357,593
APPROPUIATIONS -ID: s2,000,000
ExPENszs: $12,036,011
NET INcam (mm): (92,67S,4lS)
GRANTS ISSDDD: None
IBANS ISSUED: None
UAN PA- RECEIVXD: None
WAN IDSSBS: None
LOAN aIuITJlENTs: None
IOANS ODTBTANDING: None
IDAN LWT: None specified in enabling legislation.
INSURANCE ODTSTANDING: None
-
f
1