Board Report: FMIC-B-007 May 21, 2025
In 2023, Board employees used government credit cards for about $8.2 million in travel expenses.
The Board has established and maintained certain controls for its travel card program, but its internal control system needs to be improved to ensure that employees comply with travel requirements. While we did not find widespread noncompliance, we did find multiple instances of significant noncompliance, including employees using their cards for personal expenses and not paying their balances timely. Although the Board has historically allowed divisions flexibility to manage their travel funds and cardholders are financially liable for expenses, strengthening the internal control system can help the Board ensure good stewardship of agency resources and correct use of travel cards by employees.
We are making three recommendations to help ensure that the Board's travel card program has effective internal controls.
