Review of TVA's Hospitality Expenses

November 6, 2007

2007-030F

Audit

We reviewed hospitality expenses incurred by TVA October 1, 2005, through June 30, 2007, to (1) determine the type and level of expenditures; (2) assess compliance with policies and procedures; and (3) identify changes in hospitality policies since our last hospitality audit. We found total hospitality expenditures, including employee recognition expenses, averaged about $2.3 million per year during the period, representing a 64 percent reduction from fiscal year 2003 spending. For the period reviewed, TVA generally complied with policies and procedures, except as related to obtaining preapproval of hospitality expenditures. Management agreed with this finding and took corrective action. <br><br>

Yes

Yes (agency-wide)

$0

$0