An official website of the United States government
Here's how you know
Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock (
) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
Brought to you by the Council of the Inspectors General on Integrity and Efficiency
Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
Smithsonian Institution
Semiannual Report to Congress for the period ending September 30, 2024
Financial Audit of USAID Resources Managed by Health Systems Consult Limited in Nigeria Under Cooperative Agreement 72062022CA00003, January 1 to December 31, 2023
Financial Closeout Audit of USAID Resources Managed by Tanzania Women Lawyers Association Under Cooperative Agreement 72062120CA00006, January 1 to December 31, 2023
The Tennessee Valley Authority (TVA) performs an annual cost of service study that, according to Commercial Energy Solutions Standard Programs and Processes 21.7.3, Cost of Service, “is used to estimate the cost to TVA of serving particular classes of customers and to compare that cost to the estimated revenue derived from those classes. The analysis may be used to derive, evaluate, initiate, or justify rate actions.”
Due to the importance of fairly recovering costs to serve TVA customers through rate design, we performed an audit of TVA’s fiscal year (FY) 2023 cost of service study. Our audit objectives were to determine if TVA’s cost of service study was (1) performed in accordance with policies and procedures and (2) designed to accurately consider all revenue and costs to serve each customer classification.
We determined TVA’s FY 2023 cost of service study was performed in accordance with TVA policies and procedures; however, we noted the detailed internal procedure had not been recently updated to reflect organizational changes. Additionally, we identified an area where the cost of service study design could more accurately reflect the costs to serve each customer classification.
