Semiannual Report

This, our 25th semiannual report, describes the accomplishments of our office for the six-month period ending September 30, 1998.During this reporting period, we completed 27 audits which identified almost $1.8 million in questioned costs and more than $200,000 in funds that could be used more effectively. Our auditors conducted performance reviews of TVA operations and contract preaward and compliance audits. We also conducted 11 special projects, which identified over $14.7 million in potential savings.Our investigations group completed 81 investigations, substantiating allegations in over 34 percent of the cases we investigated. During this reporting period, our investigations resulted in over $3.6 million in savings and recoveries, five subjects indicted, and nine subjects convicted. Further, as a result of our investigations of alleged misconduct, administrative and disciplinary action was taken against 22 individuals, and management took additional corrective action in 8 cases.During this reporting period, I noted with interest the congressional hearings on the Inspector General Act. Those hearings illustrated the continuing needs for Inspectors General, and the significant results we are achieving. Congress’ foresight in creating Inspectors General has provided lasting benefits to the federal government, including TVA. I am proud of the accomplishments of the Inspector General community and look forward to continuing our work as we move into the next century.Sincerely,George T. Prosser