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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
Railroad Retirement Board
Fiscal Year 2018 Financial Statement Audit Letter to Management
At the request of the Tennessee Valley Authority's (TVA) Supply Chain, we examined the cost proposal submitted by a company for civil projects and coal combustion residual program management work at TVA's steam electric power plants. Our examination objective was to determine if the company's cost proposal was fairly stated for a planned <br> $10 million contract.In our opinion, the company's cost proposal was understated. Specifically, we found the company's proposed costs for a Bull Run Fossil Plant (BRF) project included (1) markup rates that were misstated and (2) overstated materials, travel, and equipment costs. We also found the company's proposed rate attachments included (1) a contractor owned equipment attachment containing equipment that the company anticipates will be leased or rented from third parties, (2) fee on cost reimbursable work that exceeded the maximum allowable fee rate in TVA's request for proposal (RFP), and (3) excessive time and material (T&M) billing rates for most labor classifications because the rates were based on the company's maximum pay rates.We suggest TVA negotiate appropriate adjustments to the BRF unit rates to more accurately reflect the company's actual costs. In addition, we suggest TVA negotiate (1) revisions to the company's contract rate attachments to correct errors and more accurately reflect the company's actual equipment usage, (2) a reduction to the company's proposed fee for cost reimbursable work to the maximum allowable fee rate in TVA's RFP, and (3) T&M billing rates based on the wage ranges' midpoint pay rates.(Summary Only)
Investigative Summary: Findings of Misconduct by a U.S. Marshal and Chief Deputy U.S. Marshal for Harassing and Making Retaliatory Statements About a Supervisory Deputy U.S. Marshal, Retaliating Against Another Deputy U.S. Marshal for Filing a Grievance,
Fund Accountability Statement Audit of Peres Center for Peace and Innovation Under Business to Business Project in West Bank and Gaza, Cooperative Agreement AID-294-A-15-00007, September 16, 2015, to December 31, 2016
Fund Accountability Statement Audit of Advocacy Training and Resource Center, Engagement for Equity (E4E) in Kosovo, Cooperative Agreement AID-167-A-15-00001, January 1 to December 31, 2016
Under a contract monitored by the National Credit Union Administration (NCUA) Office of Inspector General, KPMG, an independent certified public accounting firm, performed an audit of the NCUA's financial statements for the year ending December 31, 2018. This is a consolidated report which includes KPMG's financial statement audits as of and for the years ending December 31, 2018 and 2017, for the NCUA's 4 funds: the Share Insurance Fund, the Operating Fund, the Central Liquidity Facility, and the Community Development Revolving Loan Fund.
