Agreed-Upon Procedures for TVA Fiscal Year 2016 Performance Measures

November 4, 2016

2017-15456

Audit

The OIG performed procedures which were requested and agreed to by TVA management solely to assist management in determining the validity of the Winning Performance (WP) payout awards for fiscal year (FY) ended September 30, 2016. The WP payout award data that was provided to the OIG and to which the agreed-upon procedures were applied is the responsibility of TVA management. In summary, procedures applied by the OIG found: •The FY 2016 WP goals for the enterprise-wide and strategic business unit measures were properly approved.•One scorecard adjustment change form for FY2016 was approved on July 26, 2016. The change form affected one measure that was on five scorecards.•The FY2016 goals (i.e., target) for the corporate multiplier measures were properly approved.•The actual year-to-date results for the strategic business unit scorecard measures agreed with the respective supporting documentation.•The actual year-to-date results for the enterprise-wide scorecard measures agreed with the underlying support.•The actual year-to-date results for the corporate multiplier measures agreed with the underlying support.•The FY2016 WP payout percentages provided by the Benchmarking and Performance Analysis organization on October 31, 2016, were mathematically accurate and agreed with the OIG's recalculations.

Yes

Yes (agency-wide)

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