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GGD-77-54 1 (1977-06-08)

handle is hein.gao/gaobaaciw0001 and id is 1 raw text is: DOCUMENT RESUME 02474 - [A1712698] Audit of the House Beauty Shop, Calendar Year 1976. GGD-77-54; B-l1S2878. June 8, 1977. 6 pp. Report to Rep. Yvonne Brathwaite Burke, Chairman, House Select Committee on the House Beauty Shop; by Elmer B. Staats, Comptrcller General. Issue Area: Accounting and Financial Peporting (2800). Contact: General Government Div. Budget Function: General Government: Legislative Functions (91). Congressional Relevance: House Committee on House Administration; House Select Committee on the House Beauty Shop. Authority: Legislative Branch Lppropriatiors Act (83 Stat. 347). H. Res. 1000 (90th Cong.). The accounts records provided by the Bouse Peauty Shop, which were maintained on a cash basis, were adjusted to present the Shop's financial position and results of operations on an accrual basis. These statements do not include the cost of certain benetits and services, such as rent and utilities, which the Shop does not pay. Pindingv/Conclusions: The Select Committee on the House Beaut- Shop entered iuto a fixed-fee contract with a manager to operate the shcp. As of December 31, 1976, the manager employed nine hair dressers, two manicurists, an assistant to the manager, and two receptionists or. a full-time basis; and eight hair dressers, a manicurist, two maids, ani an electrologist on a part-time basis. The comparative statement of operations shows a net income of $3,696 for 1976 after payment of $7,350 in boi uses compared with a net income of $6,596 in 1975 after payment of $2,520 in bonuses. After restoring any impairment of capital and providing for replacement of equipment, net income must be transferred to the general fund of the U.S. Treasury. Por 1976, this amo*nt was $1,875.07; and accumulated since 1969, the total artount was $36,323. Recommendations made in the 1975 audit report have been implemented, except for tax deductions for some employees which were not in accordance with tax withholding authorizations. (Author/SS)