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GAO-10-93R 1 (2009-11-05)

handle is hein.gao/gaobaanqa0001 and id is 1 raw text is: i ~G A 0 A xoutbilnty IIntegrity *Reliability United States Government Accountability Office Washington, DC 20548 November 5, 2009 The Honorable Calvin L. Scovel III Inspector General Department of Transportation Subject: Applying Agreed-Upon Procedures: Fiscal Year 2009 Highway Trust Fund Excise Taxes Dear Mr. Scovel: We have performed the procedures described in the enclosure to this letter, which we agreed to perform and with which you concurred, solely to assist your office in ascertaining whether the net excise tax revenue distributed to the Highway Trust Fund (HTF) for the fiscal year ended September 30, 2009, is supported by the underlying records. As agreed with your office, we evaluated fiscal year 2009 activity affecting excise tax distributions to the HTF. We conducted the engagement in accordance with U.S. generally accepted government auditing standards, which incorporate certain financial audit and attestation standards established by the American Institute of Certified Public Accountants. You are responsible for the adequacy of these agreed-upon procedures to meet your objectives, and we make no representation in that respect. The procedures we agreed to perform were related to (1) transactions that represent the underlying basis of amounts distributed from the general fund to the HTF during fiscal year 2009, (2) the Internal Revenue Service's (IRS) quarterly HTF receipt certifications during fiscal year 2009, (3) the Department of the Treasury's Financial Management Service adjustments to HTF excise tax distributions during fiscal year 2009, (4) the Department of the Treasury's Office of Tax Analysis's (OTA) process for estimating excise tax amounts to be distributed to the HTF for the fourth quarter of fiscal year 2009, (5) adjustments to the HTF for tax on kerosene used in aviation during fiscal year 2009, and (6) the amount of net excise taxes distributed to the HTF during fiscal year 2009. The enclosure provides more detail on the agreed-upon procedures and our results. We were not engaged to perform, and did not perform, an examination, the objective of which would have been to express an opinion on the amount of net excise taxes distributed to the HTF during fiscal year 2009. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that we would have reported to you. We completed the agreed-upon procedures on October 28, 2009. GAO-10-93R Highway Trust Fund Excise Tax Procedures