The Annual Statements are independently audited. Bondholders, ratepayers and others can rely on these reports as accurate representations of TVA's financial condition. Are expected to use TVA's fiscal resources in a prudent and productive manner. Should report apparent weaknesses in financial controls to their supervisors, the Inspector General or the Executive Vice President and Chief Financial Officer. All Organizations Are encouraged to control spending within appropriate levels.
Controller Develops and implements appropriate financial controls.
Develops, maintains and interprets financial procedures that provide more detail about the subject areas. Manages TVA finances. Board of Directors Approves TVA's annual report, which includes the agency's official financial statements. Sets power rates. Approves TVA's power-funded budget and the appropriation budget request which is submitted to Congress.