Report of the Texas State Auditor's Office related to the Texas Permanent School Fund's (Fund) financial statements and the Fund's material accounts reported by the Texas Education Agency (Agency) for fiscal year 1997, which are accurately presented in all material respects, in accordance with generally accepted accounting principles.

With the end of the cold war, funding for the Environmental Management program increased rapidly as nuclear weapons production facilities were shut down, cleanup responsibilities increased, and facilities were transferred to the cleanup program. As funding for the Environmental Management (EM) program began to level off in response to Administration and Congressional efforts to balance the Federal budget, the program redoubled its efforts to increase efficiency and get more productivity out of every dollar. Cost savings and enhanced performance are an integral pair of Hanford Site operations. FY1997 was the third year of a cost savings program that was initially defined in FY 1995. The definitions and process remained virtually the same as those used in FY 1996.