Long Island Power Authority

Internal Controls Over Fiscal Operations

The Long Island Power Authority (LIPA) is the primary supplier of electricity on Long Island. We examined LIPA’s internal controls over its core fiscal operations and found that certain improvements were needed. For example, LIPA’s annual procurement report for 2007 was not complete, as a number of important contracts were not included in the report. We also determined that several members of LIPA’s Board of Trustees were not always attending Board meetings and others had not received training that was required by law. We recommended that certain actions be taken by LIPA to strengthen its internal controls.

For a complete copy of Report 2008-S-93 click here.
For a copy of the 90-day response click here.