Review of Trust Funds Administered by River Operations and the Office of Environment and Research

We conducted a review to determine whether the trust funds administered by River Operations and the Office of Environment and Research were administered in accordance with terms of the agreements and applicable laws and regulations. Our scope included all trust funds with balances or activity from October 2005-January 2007. In summary, we found:No policies or procedures applicable to the creation or administration of trust funds existed; andThe majority of the trust funds were basically inactive; trust funds were established with appropriated funds; and the trust funds received limited oversight.Management generally agreed with our findings and recommendations and is taking or plans to take corrective action.