The Grand River Dam Authority board and executive management have created a "volatile environment increasing GRDA's exposure to fraud, waste and abuse," according to an audit released by Oklahoma State Auditor and Inspector Gary Jones.
Jones reprimanded the board of directors for poor attendance, warning this could hinder decisions in the best interest of Oklahomans.
The auditor also cited poor practices in recording business and travel expenses, as well as excessive spending by management especially the former CEO, and has referred that matter to the attorney general for consideration.
The audit confirms information uncovered in a special report in February by the Oklahoma Impact Team's Jennifer Loren.
2/17/2011: Related Story: State Agency Head Gets $90K Raise As Power Rates Rise
Among the audit's key findings:
The auditor's conclusion? The executives and board operate in a way where they are careful to make sure what they are doing is legal... but they don't care how their actions appear or effect GRDA.
Read The Official Audit
Jones made several recommendations in the audit:
The GRDA released a statement Thursday in response to the findings by the Oklahoma State Auditor and Inspector:
"With responsibilities ranging from electricity generation, transmission and distribution to lake management, this audit will be a resource for the Grand River Dam Authority as it maps out its future in regard to policies, procedures and operations."
Read The Entire Statement