Title Full
We performed three agreed-upon procedures which were requested solely to assist TVA management in determining the validity of TVA's Winning Performance (WP) payout awards for the year ended September 30, 2009. In summary, we found: (1) the fiscal year (FY) 2009 WP goals were properly approved; (2) actual year-to-date inputs for all the metrics agreed with the respective supporting documentation with one exception related to the Power System Operations Non-Fuel Operations and Maintenance metric which did not impact the WP payout; and (3) the payout percentages were mathematically accurate.
Date Issued
Submitting OIG
Tennessee Valley Authority OIG
Other Participating OIGs
Tennessee Valley Authority OIG
Agencies Reviewed/Investigated
Tennessee Valley Authority
Report Number
2009-12893
Report Description
We performed three agreed-upon procedures which were requested solely to assist TVA management in determining the validity of TVA's Winning Performance (WP) payout awards for the year ended September 30, 2009. In summary, we found: (1) the fiscal year (FY) 2009 WP goals were properly approved; (2) actual year-to-date inputs for all the metrics agreed with the respective supporting documentation with one exception related to the Power System Operations Non-Fuel Operations and Maintenance metric which did not impact the WP payout; and (3) the payout percentages were mathematically accurate. Summary Only
Report Type
Audit
Agency Wide
Yes
Questioned Costs
$0
Funds for Better Use
$0
