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31 U.S.C. § 9106 — Management reports

Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 9106 — Management reports

**(a)** (1) A Government corporation shall submit an annual management report to the Congress not later than 180 days after the end of the Government corporation’s fiscal year. (2) A management report under this subsection shall include— (A) a statement of financial position; (B) a statement of operations; (C) a statement of cash flows; (D) a reconciliation to the budget report of the Government corporation, if applicable; (E) a statement on internal accounting and administrative control systems by the head of the management of the corporation, consistent with the requirements for agency statements on internal accounting and administrative control systems under the amendments made by the Federal Managers’ Financial Integrity Act of 1982 (Public Law 97–255); (F) the report resulting from an audit of the financial statements of the corporation conducted under [section 9105 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section9105&num=0&edition=prelim); and (G) any other comments and information necessary to inform the Congress about the operations and financial condition of the corporation. **(b)** A Government corporation shall provide the President, the Director of the Office of Management and Budget, and the Comptroller General of the United States a copy of the management report when it is submitted to Congress.

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Source location: Title 31, Chapter 91, § 9106; chapter-091-government-corporations.md

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 3512 — Executive agency accounting and other financial management reports and plans

**(a)** (1) The Director of the Office of Management and Budget shall prepare and submit to the appropriate committees of the Congress and make available on a website described in section 1122 a financial management status report and a governmentwide 5-year financial management plan. (2) A financial management status report under this subsection shall include— (A) a description and analysis of the status of financial management in the executive branch; (B) a summary of the most recently completed financial statements— (i) of Federal agencies under [section 3515 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3515&num=0&edition=prelim); and (ii) of Government corporations; (C) a summary of the most recently completed financial statement audits and reports— (i) of Federal agencies under section 3521(e) and (f) of this title; and (ii) of Government corporations; (D) a summary of reports on internal accounting and administrative control systems submitted to the President and the Congress under the amendments made by the Federal Managers’ Financial Integrity Act of 1982 (Public Law 97–255); (E) a listing of agencies whose financial management systems do not comply substantially with the requirements of Section 11 So in original. Probably should not be capitalized. 3(a) 22 So in original. Probably should be followed by “of”. See References in Text note below. the Federal Financial Management Improvement Act of 1996, and a summary statement of the efforts underway to remedy the noncompliance; and (F) any other information the Director considers appropriate to fully inform the Congress regarding the financial management of the Federal Government. (3) (A) A governmentwide 5-year financial mana

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 9105 — Audits

**(a)** (1) The financial statements of Government corporations shall be audited by the Inspector General of the corporation appointed under chapter 4 of title 5, or under other Federal law, or by an independent external auditor, as determined by the Inspector General or, if there is no Inspector General, by the head of the corporation. (2) Audits under this section shall be conducted in accordance with applicable generally accepted government auditing standards. (3) Upon completion of the audit required by this subsection, the person who audits the statement shall submit a report on the audit to the head of the Government corporation, to the Chairman of the Committee on Government Operations of the House of Representatives, and to the Chairman of the Committee on Governmental Affairs of the Senate. (4) The Comptroller General of the United States— (A) may review any audit of a financial statement conducted under this subsection by an Inspector General or an external auditor; (B) shall report to the Congress, the Director of the Office of Management and Budget, and the head of the Government corporation which prepared the statement, regarding the results of the review and make any recommendation the Comptroller General of the United States considers appropriate; and (C) may audit a financial statement of a Government corporation at the discretion of the Comptroller General or at the request of a committee of the Congress. An audit the Comptroller General performs under this paragraph shall be in lieu of the audit otherwise required by paragraph (1) of this subsection. Prior to performing such audit, the Comptroller General shall consult with the Inspector General of the agency which prepared the statement. (5) A Government corporation shall reimburse the

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 12651e — Authorities and duties of the Chief Executive Officer

**(a) General powers and duties** The Chief Executive Officer shall be responsible for the exercise of the powers and the discharge of the duties of the Corporation that are not reserved to the Board, and shall have authority and control over all personnel of the Corporation, except as provided in [section 414 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section414&num=0&edition=prelim). **(b) Duties** In addition to the duties conferred on the Chief Executive Officer under any other provision of the national service laws, the Chief Executive Officer, in collaboration with the State Commissions, shall— (1) prepare and submit to the Board a strategic plan, including a plan for having 50 percent of all approved national service positions be full-time positions by 2012, every 3 years, and annual updates of the plan, for the Corporation with respect to the major functions and operations of the Corporation; (2) (A) prepare and submit to the Board a proposal with respect to such grants and allotments, contracts, other financial assistance, and designation of positions as approved national service positions, as are necessary or appropriate to carry out the national service laws; and (B) after receiving and reviewing an approved proposal under [section 12651b(g)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12651b/g/2&num=0&edition=prelim), make such grants and allotments, enter into such contracts, award such other financial assistance, make such payments (in lump sum or installments, and in advance or by way of reimbursement, and in the case of financial assistance otherwise authorized under the national service laws, with necessary adjustments on account of overpayments and underpayme

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 12838 — Audits by Comptroller General

**(a) Audits of HOME Investment Partnerships program** The Comptroller General, when the Comptroller General deems it to be appropriate or when requested by the Committee on Banking, Housing, and Urban Affairs of the Senate or the Committee on Banking, Finance and Urban Affairs of the House of Representatives, shall conduct a full financial audit of the records of the HOME Investment Partnerships program for any fiscal year. The report of the Comptroller General shall be submitted promptly to the Secretary and the Congress and shall be published. **(b) Audits of recipients** The financial transactions of participating jurisdictions and of other recipients of funds provided under this subchapter may, insofar as they relate to funds provided under this subchapter, be audited by the Government Accountability Office under such rules and regulations as may be prescribed by the Comptroller General of the United States. The representatives of the Government Accountability Office shall have access to all books, accounts, records, reports, files, and other papers, things, or property belonging to or in use by such recipients pertaining to such financial transactions and necessary to facilitate the audit.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 9106 — Management reports

Page 577 TITLE 31—MONEY AND FINANCE § 9106 In subsection (b)(1), the words ‘‘pursuant to law’’ are omitted as surplus. In subsection (b)(2), the words ‘‘may make a con- tract’’ are substituted for ‘‘is authorized in his discre- tion to employ by contract’’ to eliminate unnecessary words. In subsection (c), before clause (1), the words ‘‘at the place or places’’ and ‘‘of the respective corporations’’ are omitted as surplus. The words ‘‘A Government cor- poration shall’’ are added for clarity. In clause (1), the words ‘‘make available . . . for audit all records’’ are substituted for ‘‘The representatives of . . . shall have access to all books, accounts, financial records, re- ports, files, and all other papers’’ for consistency and because of the restatement. The words ‘‘things, or’’ are omitted because they are included in ‘‘property’’. In clause (2), the word ‘‘full’’ is omitted as surplus. Subsection (d) is substituted for 31:850(1st sentence proviso words before 7th comma) because of the re- statement. In subsection (e), the words ‘‘The Comptroller Gen- eral shall pay the cost of an audit’’ are substituted for ‘‘The expenses of auditing the financial transactions of wholly owned and mixed-ownership Government cor- porations as provided in sections 850 and 857 of this title shall be borne out of appropriations to the General Accounting Office’’ to eliminate unnecessary words. The words ‘‘full’’ and ‘‘otherwise . . . funds of any . . . be used to . . . of the offices’’ are omitted as surplus. The words ‘‘except the cost of such audits contracted for and undertaken prior to April 25, 1945’’ are omitted as executed. Subsection (g) is substituted for 31:866(a)(words be- tween 1st comma and 1st proviso) for clarity and con- sistency. Editorial Not

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