Agreed-Upon Procedures: TVA Fiscal Year 2005 Performance Measures

Winning Performance is the process TVA uses to manage its performance. It is a single, integrated process that includes strategic planning, operational planning and budgeting, performance monitoring and reporting, and employee development and compensation. We performed procedures agreed-upon by management to assist in determining the validity of the fiscal year 2005 payout. In summary we found (1) changes to the FY 2005 goals were properly approved with one exception which will not impact the payouts, (2) actual year-to-date inputs for each indicator agreed with the respective reason for improvement sheet with one exception which will not impact the payouts, (3) actual inputs for the eight TVA-wide metrics agreed with the underlying support provided by the Strategic Business Units, and (4) the payout percentages were mathematically accurate after noted exceptions were corrected. Summary Only