Federal Reports

This report was originally issued as OIG-SBLF-14-002 on November 15, 2013. The report was withdrawn, revised, and reissued as OIG-SBLF-14-002R on June 26, 2015, to reflect changes made on pages 2, 13, and 14 of the report. The changes clarified the amount of administrative costs that were reviewed by the Office of Inspector General as part of a sample. The corrections did not affect the findings, conclusions, and recommendations as reported.

This is a reissued report. The original report number OIG-SBLF-14-013, dated August 29, 2014, was revised on June 26, 2015, to reflect changes made on pages 2, 3, 5, and 8. The changes correct the number and total dollar amount of State Small Business Credit Initiative obligated or spent loans we reviewed. These corrections do not affect the findings, conclusions, and recommendations as reported.

This report contains classified information that is exempt from disclosure under the Freedom of Information Act. To obtain further information, please contact the OIG Office of Counsel at OIGCounsel@oig.treas.gov, (202) 927-0650, or by mail at Office of Treasury Inspector General, 1500 Pennsylvania Avenue, Washington DC 20220.

The OIG audited electronic communications by the TVA Board of Directors. The objective was to evaluate controls over the electronic distribution of TVA business information to and from the Board by non-TVA managed mediums. We determined current Board email practices were consistent with the Presidential and Federal Records Act Amendments of 2014. In addition, we found the third-party service used to distribute sensitive documents to the Board had appropriate processes and controls in place as reported by another independent audit company. However, improvements could be made to reduce the risk of exposing TVA business information. The Board of Directors agreed with the findings and will continue to explore options around the recommendations.