Semiannual Report

This semiannual report describes our office's accomplishments for the six-month period ending September 30, 1996.During this reporting period, we completed 45 audits which identified almost $2.6 million in questioned costs and $28.3 million in funds that could be used more effectively. Our auditors emphasized contract-related issues while also examining topics as diverse as a review of TVA's passenger vehicle fleet and TVA's billing of distributors for reactive power.Our investigations group completed 105 investigations and has 158 cases under active investigation. During this reporting period, they identified recoveries of more than $2.3 million, and their work resulted in 1 indictment and 12 convictions. In addition, our investigations of fraudulent workers' compensation claims identified potential long-term savings to TVA of over $3.1 million, and our review of TVA's health care program identified over $2 million in potential overpayments.This year has been a milestone year. It marks ten years of stable electric rates for TVA and ten years since the OIG's inception. To commemorate our anniversary and to celebrate our achievements, OIG employees decided to make a contribution to help less fortunate members of the community pay their electric bills. It is with this spirit of teamwork and initiative that we strive to continue serving as a catalyst for excellence at TVA and as an effective and objective factfinder.Sincerely, George T. Prosser