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093210 1 (1971-03-04)

handle is hein.gao/gaobacxbi0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE REGIONAL OFFICE OUI4 3086 FEDERAL OFFICE BUILDING 909 FIRST AVENUE SEATTLE, WASHSNGTON 98104 MAR 4 1971 Brigadier General R. S. Kelley Division Engineer North Pacific Division U.S. Army Corps of Engineers 210 Custom House Portland, Oregon 97209 Dear General Kelley: We have completed our review of the accounts and accounting pro- cedures for the Corps of Engineers' multipurpose projects that were included in the Federal Columbia River Power System (FCRPS) for the fiscal year ended June 30, 1970. Our review, which included an evalua- tion of administrative procedures and controls, was directed toward determining the reasonableness and propriety of the projects' financial statements submitted by the Corps' North Pacific Division (NPD) to the Benneville Power Admiistratia fOr consolidatson and inclusion in the FY 1970 FCRPS financial statements. Our findings were discussed with appropriate District and Division Corps officials. We were pleased with the corrective action taken or promised. While we found that administrative procedures and controls in the Corps' basic accounting system were generally adequate, we would like to comment on the following matters. Walla Walla District The John Day Project workpapers contained numerous computational errors in the Construction Work in Progress Account which resulted in an approximate $230,000 overstatement of power assets. The workpapers which support the financial statement showed no evidence of supervisory review by the Corps. We brought this matter to the attention of Corps officials who made the necessary recomputations and assured us that adequate review procedures would be established. Seattle District 1. Computational errors in supporting workpapers for the Libby Dam Project caused an understatement of power assets of about $182,000. Corps officials made the necessary corrections. 50TH ANNIVERSARY 1921-1971

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