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093933 1 (1973-01-22)

handle is hein.gao/gaobacxik0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE REGIONAL OFFICE COUN 3086 FEDERAL OFFICE BUILDING 909 FIRST AVENUE 10 SEATTLE, WASHINGTON 98104 JM 22 1973 Mr. Donald P. Hodel Administrator Bonneville Power Administration 16 C. 00 (Os~ P.O. Box 3621 Portland OR 97208 Dear Mr. Hodel We have completed our annual financial audit of the Federal Columbia River Power System (FCRPS) for the fiscal year ended June 30, 1972. Our review included an examination of the Bonneville Power Administration's (BPA) accounting records and practices. The primary purpose of this work was to provide us with a basis for evaluating the reasonableness and propriety of BPA's financial statements. While BPA's administrative procedures and controls were deemed adequate for financial statement purposes, we are Dringing the follow- ing items to your attention. These matters were discussed with members of your staff. UNANALYZED PLANT COSIS In our letter to the Adnanistrator dated May 5, 1972, we pointed out that a total of about $303 million of tnanalyzea plant costs was recorded in the BA accounts as of June 30, 1971. The Administrator agreed in his response to our letter that the amount of unanalyzed plant was undesirable and stated that every effort would be made to ieduce this balance. The total for unanalyzed plant increased to more than $328 million by June 30, 1972, an increase of about $25 million. In view of BPA's earhier response, we would appreciate being advised of any plans BPA has made or of any actions taken to resolve this problem, POWER BILLINGS--INTERNAL CONTROLS Our testing of internal controls for the wholesale power billings and the related accounting function disclosed a need to strengthen the control in several areas as discussed below. BEST DOCUMENT AVAILABLE

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