oversight

Audit Report of the Little League Foundation for the Years Ended September 30, 1975 and 1976

Published by the Government Accountability Office on 1977-07-20.

Below is a raw (and likely hideous) rendition of the original report. (PDF)

                           DOCUMENT RESUME

03442 -   [A2-1366 6 ]
                                                      fears
[Audit Beport of the Little League Foundation for the
                                                  20, 1977. 1
Ended Septemter 30, 1975 and 19763. B-55712. Jujy
PP.
Report to Rep. Peter w. Rodino, Jr., Chtirman, House Committee
on the Judiciary; by Bobert F. Keller, Deputy Comptroller
General.

Isr.ue Area: Accounting and Financial Reporting (2800).
Contact: Office of the Comptroller General.           and
Budget Function: Miscellaneous: Financial Management
     Information Systems (1002).
Organization Concerned: Little League Baseball, Inc.; Little
     league Foundation.
Congressional Relevance: House Committee on the Judiciary.
Authority:    (P.L. 88-378; 73 Stat. 325).

         A review of the audit report of the Little League
Foundation for the years ended September 30, 1975 and 1976, of
indicated that the audit and financial reporting standards          is
Public Law 88-o78 were met by the Foundation. The Foundation
                                                    its   New  7ork
not a federally chartered organization; however,                   of
State charter restricts its purpose to exclusive assistance
                                                       no  legal
Little League Faseball, Inc., even  though  there  is
                                                                    for
relationship between the two organizations. The audit report  to
the Foundation was reviewed because  of its   relationship
Little League Easeball, Inc., which is a federally chartered
organizaticn. Pindings/Conclusions: The audit report was
prepared by a firm of certified public accountants and included    that
a statement of the scope of audit and the auditor's opinion
the financial statements present fairly   the  financial    position
                                                                 1976,
of the Little League Poundation at September 30, 1975 and for
and the results of operations and changes   in  fand  balances
the years then ended. (SC)
                     COMPTROLLER GENERAL OF THE UNITED iAA'n
                                 WA3HINGTON. D.C. 304




B-55712                                           JUL 2 0 1977


The Honorable Peter W. Rodino, Jr.
Chairman, Committee on the Judiciary
IHouse of Representatives

Dear Mr. Chairman:

     As requested in your letter of May 18, 1977, we have reviewed
the audit report of the Little League Foundation for the years ended
September 30, 1975 and 1976. The Foundation is not a federally
chartered organization; however, its New York State charter restricts
its purpose to exclusive assistance of Little League Baseball, Incor-
porated, even though there is no legal relationship between the two
organizations. The audit report for the Foundaticn is being rev.'ewed
because of its relationship to Little League Baseball, Incorporated,
a corporation chartered by Public Law 88-378, approved July 16, 1964
(78 Stat. 325).

     rhe audit report was prepared by a firm of certified public
accountants. It included a statement of the scope of audit and the
auditor's opinion that the financial stlteanents present fairly the
financial position of the little League Foundation at September 30,
1975 and 1976, and the results of operations and changes in fund
balances for the years then ended, in conformity with generally
accepted accounting principles applied on a basis consistent with
the preceding year. In our opinion, the audit and financial reporting
standards of Public Law 88-378 have been met by the Foundation.

        We are returning the reports sent with your letter of May 18,
1977.

                                        Sincerely yours,


                                             R.F.KELLER
                                 Pt2tV
                                     FComptroller General
                                        of the United States

Enclosures