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Coordinate with the Corps to Further establish review controls where power accountants review individual projects at year end to ensure Construction in Progress projects are placed in service in a timely manner. Coordinate with the Corps to Establish…

Date Issued
Recommendation Number
11
Status
Open

Coordinate with the Corps to Further establish review controls where power accountants review individual projects at year end to ensure Construction in Progress projects are placed in service in a timely manner. Coordinate with the Corps to Establish review controls to ensure IDC is recorded only for eligible projects. Coordinate with the Corps to enhance existing procedures over review of power reports to ensure that all applicable revenue is included for each project. Coordinate with the Corps to Enhance existing procedures and related controls to ensure that items in the Construction in Progress accounts are placed in service in a timely manner.

Report
Management Letter on the Southwestern Federal Power System’s Fiscal Year 2018 Financial Statement Audit
Significant Recommendation
No
Questioned Costs
$0
Funds for Better Use
$0