The Office of the Inspector General conducted an evaluation to determine if the Tennessee Valley Authority (TVA) was effectively managing acquisitions and disposals of real property. We determined TVA effectively managed the real property acquisitions and disposals for the sample of transactions we reviewed. Specifically, we determined sampled acquisition and disposal decisions were generally supported by the financial, environmental, and title reviews conducted as part of TVA’s real property transaction process; however, we identified noncompliance with some parts of the standard programs and processes and user guides. We also identified opportunities for improvement related to information provided to the TVA Board of Directors and clarification within the standard programs and processes and user guides. Additionally, we identified issues related to TVA’s survey process.
Report File
Date Issued
Submitting OIG
Tennessee Valley Authority OIG
Other Participating OIGs
Tennessee Valley Authority OIG
Agencies Reviewed/Investigated
Tennessee Valley Authority
Report Number
2021-15789
Report Description
Report Type
Inspection / Evaluation
Agency Wide
Yes
Number of Recommendations
3
Questioned Costs
$0
Funds for Better Use
$0
Open Recommendations
This report has 1 open recommendations.
| Recommendation Number | Significant Recommendation | Recommended Questioned Costs | Recommended Funds for Better Use | Additional Details | |
|---|---|---|---|---|---|
| ISS.1-1 | No | $0 | $0 | ||
| We recommend the Senior Vice President, Generation Projects and Fleet Services, in coordination with applicable organizations, review and revise the standard programs and processes and user guides to provide clarification where needed. | |||||
