Environmental Facilities Corporation

Internal Controls Over Major Financial Operations

The Environmental Facilities Corporation provides municipalities, businesses and State agencies with capital funding and technical assistance for projects promoting clean drinking water. We examined the adequacy of the Corporationís system of internal controls over major financial operations. We found that an appropriate system of internal controls had been established and was functioning as intended. However, improvements were needed in certain financial reporting practices.

For a complete copy of Report 2004-S-4 click here.