Agreed-Upon Procedures For TVA Fiscal Year 2017 Performance Measures

The Office of Inspector General (OIG) performed procedures which were requested and agreed to by TVA management solely to assist management in determining the validity of the Winning Performance (WP) payout awards for fiscal year (FY) ended September 30, 2017. The WP payout award data that was provided to the OIG and to which the agreed-upon procedures were applied is the responsibility of TVA management. In summary, procedures applied by the OIG found: • The FY 2017 WP goals for the enterprise measures were properly approved. There were no change forms for FY 2017 measures.• The FY 2017 goals (i.e., target) for the corporate multiplier measures were properly approved. • The actual year-to-date results for the enterprise scorecard measures agreed with the underlying support.• The actual year-to-date results for the corporate multiplier measures agreed with the underlying support, without exception.• The FY 2017 WP payout percentage provided by the Benchmarking and Enterprise Performance organization on November 6, 2017, was mathematically accurate and agreed with the OIG’s recalculation.