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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Fiscal Management Post-Payment Audit Report Summary
Texas Public Finance Authority
Fiscal 2013 Fourth Quarter

Audit Scope

A sample of the Texas Public Finance Authority’s (TPFA) payroll, purchase and travel transactions that processed through the Uniform Statewide Accounting System (USAS) and the Uniform Statewide Payroll/Personnel System (USPS) during the period beginning Dec. 1, 2011, through Nov. 30, 2012, was audited to determine compliance with applicable state laws.

Payroll transactions and deductions

Payroll transactions were audited for compliance with the General Appropriations Act (GAA), Texas Payroll/Personnel Resource and other pertinent statutes.

The audit identified:

  • A missing prior state service verification form.

A limited sample of voluntary contributions was also audited.

  • No issues were identified.

Purchase transactions

Purchase transactions were audited for compliance with the GAA, eXpendit, the State of Texas Procurement Manual and other pertinent statutes.

  • No issues were identified.

Travel transactions

Travel transactions were audited for compliance with the GAA, Textravel and other pertinent statutes.

  • No issues were identified.

Internal control structure

TPFA’s internal control structure was reviewed. The review was limited to obtaining an understanding of TPFA’s controls sufficient to plan the audit and did not include tests of control policies and procedures.

The review identified:

  • Two employees who could:
    • Process and release payments in USAS without electronic oversight.
    • Process and release payments between TPFA’s internal system and USAS.
    • Pick up warrants from the Comptroller’s office and approve paper vouchers.
  • One other employee could pick up warrants from the Comptroller’s office and approve vouchers.

Fixed assets

The audit included a limited review of fixed assets acquired by expenditures during the audit period to test for accurate reporting in the State Property Accounting (SPA) System and to verify existence of the assets.

  • All assets tested were in their intended location and properly recorded in SPA.

Prior post-payment audit and current audit recurring errors

A prior post-payment audit of TPFA’s payroll, purchase and travel transactions was concluded on Oct. 20, 2009.

During the current audit, two recurring errors were identified:

  • Missing prior state service verification form.
  • Control weakness over expenditure processing.
Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
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