Summary

This testimony focuses on management of the Indian Trust Funds by the Bureau of Indian Affairs (BIA). GAO discusses (1) some of the long-standing weaknesses that have plagued BIA's management of the trust funds; (2) the status of BIA efforts to reconcile the trust fund accounts, including the problems that have been identified and alternatives; and (3) the status of BIA efforts to develop a comprehensive strategic plan for trust fund financial management improvement, which include implementing the Chief Financial Officers Act of 1990.