Date Issued
Report Number
2005-050C
Report Type
Audit
Description
We reviewed adjustments to provisional billings of indirect costs submitted by a contractor. We determined the contractor's adjustments for calendar years 2002 through 2004 were overstated $80,615 due to errors in the contractor's reconciliation of previously billed costs. Also, we found the contractor owed TVA additional credits totaling $28,829. The contractor agreed with our findings and submitted adjusted invoices that included credit for the questioned amounts. Summary Only
Joint Report
Yes
Participating OIG
Tennessee Valley Authority OIG
Agency Wide
Yes (agency-wide)
Questioned Costs
$0
Funds for Better Use
$0