Agreed-Upon Procedures: TVA Fiscal Year 2014 Performance Measures

The OIG performed six agreed-upon procedures requested solely to assist management in determining the validity of the Winning Performance payout awards for the year ended September 30, 2014. Following are the results of the procedures applied.The fiscal year (FY) 2014 Winning Performance goals for the enterprise-wide and Strategic Business Unit measures were properly approved. One change form for FY 2014 was approved by the Chief Executive Officer on September 22, 2014. The change form affected three scorecards and resulted in no change to payout.The FY 2014 goals (i.e., target) for the corporate multiplier measures were properly approved.The actual year-to-date results for the Strategic Business Unit scorecard measures agreed with the respective supporting documentation, without exception.The actual year-to-date results for the enterprise-wide scorecard measures agreed with the underlying support, without exception.The actual year-to-date results for the corporate multiplier measures agreed with the underlying support, without exception.The FY 2014 Winning Performance payout percentages provided by the Benchmarking and Performance Analysis organization on October 20, 2014, were mathematically accurate and agreed with the Office of Inspector General's recalculations.