An Audit Report on Performance Measures at the Bond Review Board
April 2009
Report Number 09-029
Overall Conclusion
The Bond Review Board (Board) reported reliable results for all four key performance measures tested for fiscal year 2008. A performance measure is considered reliable if it is certified or certified with qualification.
All four key performance measures tested were certified with qualification. These included:
- Number of State Bond Issues and Lease-purchase Projects Reviewed.
- Number of Responses to Debt Information Requests.
- Number of Local Government Financings Analyzed.
- Number of Applications Reviewed.
These measures were certified with qualification because the Board lacked policies and procedures for the review of performance measure results. As a result, Board staff did not review the measures' calculations or the results entered into ABEST before they were released into ABEST. In addition, the Board did not segregate the duties of entering and releasing performance measure results into ABEST.
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